Regional Development Banks Act 1997 · As enacted · Part V · Audit of Accounts of the Bank
33. Appointment of qualified auditor
Feedback & supportOfficial English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.
The shareholders of the Bank shall at each Annual
General Meeting of the Bank appoint a qualified auditor as the auditor of the Bank and he shall hold office from the conclusion of that meeting until the conclusion of the next Annual
General Meeting :
Provided that, the First Board of Directors of the Bank referred to in section 10 shall at their first meeting appoint a qualified auditor to hold office as the auditor of the Bank until the holding of the First Annual General Meeting of the shareholders thereafter.
For the purpose of this section “qualified auditor”
means a firm of Accountants each of the resident partners of which, being a member of the Institute of Chartered
Accountants of Sri Lanka or any other Institute established by law, possesses a certificate to practise as an Accountant issued by the Council of such Institute.