Statutory Auditor definition
Examples of Statutory Auditor in a sentence
This is to be certified by Company Secretary or Statutory Auditor, countersigned by duly authorized Director of the Licensee Company.
Subject to a 30 days notice to Authority and the replacement Statutory Auditors being appointed from the List of Chartered Accountants, the Concessionaire may terminate the appointment of any Statutory Auditor appointed in accordance with this Article.
Without prejudice to the aforesaid, if the difference between the Gross Revenue reported by the Additional Auditor and that reported by the Statutory Auditor is higher than 5% (five percent), the Concessioning Authority shall at its sole discretion have the right to require a Special Audit for the entire outstanding tenure of the Concession.
The Concessionaire shall extend full co‐operation to the Statutory Auditor.
Each subsequent Tranche of Fixed Grant shall be deposited in the Escrow Account within 6 (six) months of receipt of written request from the Concessionaire accompanied by a certificate from the Statutory Auditor of the Concessionaire that the Concessionaire has expended at least 50% (fifty percent) of the previous Tranche of the Fixed Grant towards meeting a part of the Total Project Cost.