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(2) Nothing in this section shall disqualify a body corporate from acting as auditor of a company if acting under an appointment made before the day on which this Ordinance comes into operation, but subject as aforesaid any body corporate which acts as auditor of a company shall be liable to a fine not exceeding one thousand dollars.
133.—(1) The auditors shall make a report to the Auditors' members on the accounts examined by them, and on report and every balance sheet laid before the company in general auditors' meeting during their tenure of office, and the report right of shall state-
access to books and
attend
meetings. 19 & 20 Geo.
(a) whether or not they have obtained all the in- right to formation and explanations they have required; general and
(b) whether, in their opinion, the balance sheet 5, c. 23,
referred to in the report is properly drawn up s. 134. so as to exhibit a true and correct view of the state of the company's affairs according to the best of their information and the explana- tious given to them, and as shown by the books of the company.
(2) Every auditor of a company shall have a right of access at all times to the books and accounts and vouchers of the company, and shall be entitled to require from the directors and officers of the company such information and explanation as may be necessary for the performance of the duties of the auditors:
Provided that, in the case of a banking company which has branch banks beyond the limits of the Colony (or, in the case of a China company, if the company has branch banks beyond the limits of the consular district wherein such company has its registered office), it shall be sufficient if the auditor is allowed access to such copies and extracts from such books and accounts of any such branch as have been transmitted to the head office of the company in the Colony (or in the case of a China company, to the registered office of the company within the limits of the China Orders in Council).
(3) The auditors of a company shall be entitled to attend any general meeting of the company at which any accounts which have been examined or reported on by them are to be laid before the company and to make any statement or explanation they desire with respect to the accounts.
Inspection.
134.--(1) The court may appoint one or more Investiga- competent inspectors to investigate the affairs of a tion of company and to report thereon in such manner as they direct-
(a) In the case of a banking company having
share capital, on the application of members holding not less than one-third of the shares issued:
(b) In the case of any other company having a share capital, on the application of members holding not less than one-tenth of the shares issued:
(c) In the case of a company not having a share capital, on the application of not less than one- fifth in number of the persons on the com- pany's register of members.
affairs of company by inspectors. 19 & 20 Geo 5, c. 23, s. 135.