Statutory Auditors definition

Statutory Auditors means a firm of chartered accountants appointed in terms of Section 224 of the Companies Act, 1956 and acting as the statutory auditors of the Concessionaire.

Statutory Auditors means a reputable firm of chartered accountants acting as the Statutory Auditors of the Developer under the provisions of the Companies Act including any statutory modification or re-enactment thereof, for the time being in force, and appointed in accordance with Article 28.2.1;

Statutory Auditors means firm of Chartered Accountants duly licensed to practice in India acting as independent statutory auditors of the concessionaire under the provisions of the Companies Act, 2013 including any statutory modification or re- enactment or replacement thereof, for the time being in force and duly appointed by the Concessionaire;

Examples of Statutory Auditors in a sentence

• The Authority shall have the right to inspect the records of the Concessionaire during office hours and require copies of relevant extracts of books of accounts, duly certified by the Statutory Auditors, to be provided to the Authority for verification of basis of payments, and in the event of any discrepancy or error being found, the same shall be rectified and such rectified account shall form the basis of payments by either Party under this Agreement.

• All fees and expenses of the Statutory Auditors shall be borne by the Concessionaire.

• The Concessionaire shall provide 2 (two) copies of its Balance Sheet, Cash Flow Statement and Profit and Loss Account, along with a report thereon by its Statutory Auditors, within 90 (ninety) days of the close of the Accounting Year to which they pertain and such audited accounts, save and except where expressly provided to the contrary, shall form the basis of payments by either Party under this Agreement.

• The Concessionaire shall appoint, and have during the subsistence of this Agreement as its Statutory Auditors, a firm chosen by it from the mutually agreed list of 5 (five) reputable firms of chartered accountants (the “Panel of Chartered Accountants”), such list to be prepared substantially in accordance with the criteria set forth in Schedule-P.

• Certification of claims by Statutory Auditors Any claim or document provided by the Concessionaire to the Authority in connection with or relating to receipts, income, payments, costs, expenses, accounts or audit, and any matter incidental thereto shall be valid and effective only if certified by its Statutory Auditors.

More Definitions of Statutory Auditors

Statutory Auditors means a reputed firm of Chartered Accountants duly licensed to practice in India acting as statutory auditors of the Concessionaire.

Statutory Auditors means an Independent, recognized and reputable firm of the chartered accountants duly licensed to practice in India acting as the Independent statutory auditors of the Concessionaire under the provisions of Act including any statutory modification or re‐enactment or replacement thereof, for the time being in force.

Statutory Auditors means a reputable firm of chartered accountants acting as the statutory auditors of the Lessee under the provisions of the Companies Act, 2013, including any statutory re-enactment or modification thereof, for the time being in force;

Statutory Auditors means a reputable firm of chartered accountants acting as the statutory auditors of the Concessionaire under the provisions of the Companies Act 2013, including any re-enactment or amendment thereof, for the time being in force, and appointed in accordance with Clause 30.2.1;

Statutory Auditors means a reputable firm of chartered accountants acting as the statutory auditors of the Concessionaire under the provisions of the Companies Act, 1956/ 2013 including any modification or re-enactment thereof, for the time being in force, and appointed in accordance with Clause 24.2.1;

Statutory Auditors means a reputed firm of Chartered Accountants duly licensed to practice in India acting as statutory auditors of the of respective Party.

Statutory Auditors means firm of Chartered Accountants duly licensed to practice in India acting as independent statutory auditors of the contractor (PMC) under the provisions of the Companies Act, 1956 including any statutory modification or re-enactment or replacement thereof, for the time being in force and duly appointed by the Contractor (PMC);