Power of Central Government to direct special audit in certain cases.

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....t being managed in accordance with sound business principles or prudent commercial practices; or      (b) that any company is being managed in a manner likely to cause serious injury or damage to the interests of the trade, industry or business to which it pertains; or      (c) that the financial position of any company is such as to endanger its solve....

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....s and duties in relation to the special audit as an auditor of a company has under section 227: Provided that the special auditor shall, instead of making his report to the members of the company, make the same to the Central Government. (4) The report of the special auditor shall, as far as may be, include all the matters required to be included in an auditor's report under section 227 and,....

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....that if the Central Government does not take any action on the report within four months from the date of its receipt, that Government shall send to the company either a copy of, or relevant extract from, the report with its comments thereon and require the company either to circulate that copy or those extracts to the members or to have such copy or extracts read before the company at its next ge....