57.
| (1) The accounts of the Corporation shall be audited at such intervals as the board may decide, not being more than twelve months, by two auditors one of whom shall be the Auditor-General, and the other of whom shall be a qualified auditor elected by the Corporation in general meeting and who shall hold office for one year. |
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| (2) No qualified auditor (other than an auditor retiring from office) shall be proposed for election at any meeting unless notice of intention to propose that auditor has been given not less than five days and not more than one month before that meeting. |
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| (3) A director or any officer of the Corporation shall not be eligible for the office of auditor. |
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| (4) In this section, the expression " qualified auditor " means-
| | (a) an individual who, being a member of the Institute of Chartered Accountants of Ceylon, possesses a certificate to practise as an Accountant issued by the Council of that Institute; or | | |
| | (b) a firm of Chartered Accountants each 0f the partners of which, being a member of that Institute, possesses a certificate to practise as an Accountant issued by the Council of that Institute. | | |
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Sri Lanka Consolidated Acts