Appointment of Certificate by auditor given under the proviso to the sub section Applicability of sub-sections (1B) and (1C)

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....sub‑section ‑ Applicability of sub-sections (1B) and (1C) According to the provisions of section 224(1B) on and from the financial year next following the commencement of the Companies (Amendment) Act, 1974, no company or its board of directors shall appoint or reappoint any person or firm as its auditor if such person or firm is holding appointment of more than the specified number....

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....ther when sub‑sections (1B) and (1C) speak of the financial year next following the commencement of the Companies (Amendment) Act, 1974 and the proviso to sub‑section (1) requires an auditor to give a certificate as aforesaid in respect of appointments which may take place at any time after the commencement of the Amendment Act, the certificate in terms of the said proviso will be feas....

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....l years having begun before the commencement of the Amendment Act and after the commencement of the said Act. In other cases, the auditor will be having only 20 audits. The above view does not result in any conflict with the proviso to sub-section (1) since the auditor is required to give his certificate keeping in view the limit as conceived of by sub‑section (1B). The auditor may, thus,....