The Hongkong and Shanghai Banking Corporation.
(2) If an appointment of auditors is not made at an ordinary yearly general meeting, the board shall appoint an auditor or auditors for the current year and fix the remuneration to be paid to them by the bank for their services.
(3) A director or officer of the bank or a partner or employee of such director shall not be capable of being appointed auditor of the bank.
(4) A person, other than a retiring auditor, shall not be capable of being appointed auditor at an ordinary yearly general meeting unless notice of an intention to nominate that person to the office of auditor has been given in writing by a shareholder to the chief manager of the bank not less than fourteen days before the ordinary yearly general meeting, and the bank shall send a copy of any such notice to the retiring auditor, and shall give notice thereof to the shareholders by advertisement in an English newspaper printed and circulating in the Colony, not less than seven days before the ordinary yearly general meeting :
Provided that if, after a notice of the intention to nominate an auditor has been so given, an ordinary yearly general meeting is called for a date fourteen days or less after that notice has been given, the notice, though not given within the time required by this provision, shall be deemed to have been properly given for the purposes thereof, and the notice to be sent or given by the bank may, instead of being sent or given within the time required by this provision, be sent or given at the same time as the notice of the ordinary yearly general meeting.
(5) The board may fill any casual vacancy in the office of auditor but while any such vacancy continues the surviving or continuing auditor or auditors, if any, may act.
(6) The remuneration of the auditors of the bank shall be fixed by the shareholders in general meeting, except that the remuneration of any auditors appointed to fill any casual vacancy shall be fixed by the board.
[CAP. 70
Duties of
145. (1) Every auditor shall at all reasonable times Powers and have a right of access to the books and accounts and auditors. vouchers and returns of the bank in the Colony and shall
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The Hongkong and Shanghai Banking Corporation.
(2) If an appointment of auditors is not made at an ordinary yearly general meeting, the board shall appoint an auditor or auditors for the current year and fix the re- muneration to be paid to them by the bank for their services.
(3) A director or officer of the bank or a partner or employee of such director shall not be capable of being appointed auditor of the bank.
(4) A person, other than a retiring auditor, shall not be capable of being appointed auditor at an ordinary yearly general meeting unless notice of an intention to nominate that person to the office of auditor has been given in writing by a shareholder to the chief manager of the bank not less than fourteen days before the ordinary yearly general meet- ing, and the bank shall send a copy of any such notice to the retiring auditor, and shall give notice thereof to the shareholders by advertisement in an English newspaper printed and circulating in the Colony, not less than seven days before the ordinary yearly general meeting :
Provided that if, after a notice of the intention to nominate an auditor has been so given, an ordinary yearly general meeting is called for a date fourteen days or less after that notice has been given, the notice, though not given within the time required by this provision, shall be deemed to have been properly given for the purposes there- of, and the notice to be sent or given by the bank may, in- stead of being sent or given within the time required by this provision, be sent or given at the same time as the notice of the ordinary yearly general meeting.
(5) The board may fill any casual vacancy in the office of auditor but while any such vacancy continues the sur- viving or continuing auditor or auditors, if any, may act.
(6) The remuneration of the auditors of the bank shall be fixed by the shareholders in general meeting, except that the remuneration of any auditors appointed to fill any causal vacancy shall be fixed by the board.
[CAP. 70 ·
duties of
145. (1) Every auditor shall at all reasonable times Powers and have a right of access to the books and accounts and auditors. vouchers and returns of the bank in the Colony and shall
395
Page 50Page 51
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