Audit of accounts of branch office of company.

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....intment as auditor of the company under section 226, or where the branch office is situate in a country outside India, either ^[2][by the company's auditor or a person qualified as aforesaid] or by an accountant duly qualified to act as an auditor of the accounts of the branch office in accordance with the laws of that country. (2) Where the accounts of any branch office are ^[3][audited by a p....

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....fice audited otherwise than by the company's auditor, the company in that meeting shall for the audit of those accounts appoint a person qualified for appointment as auditor of the company under section 226, or where the branch office is situate in a country outside India, a person who is either qualified as aforesaid or an accountant duly qualified to act as an auditor of the accounts of the bran....

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....ation and shall hold his appointment subject to such terms and conditions as may be fixed either by the company in general meeting or by the Board of directors if so autho­rised by the company in general meeting. (4) Notwithstanding anything contained in the foregoing provisions of this section, the Central Government ^[5][may make rules providing for the exemption of] any branch office fro....

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....ranch office;      (d) any other matter which in the opinion of the Central Government justifies the grant of exemption to the branch office from the provisions of this section.]     --------------------------------------- Notes:- [1] Substituted by the Companies (Amendment) Act, 1960, Act 65 of 1960, section 70, for "unless the company in general me....