ACT 125
COMPANIES ACT 1965 (REVISED - 1973)
PART VI - ACCOUNTS AND AUDIT
DIVISION 2 - AUDIT

 
Section 175. Duties of auditors to trustee for debenture holders.
 
Section 175. Duties of auditors to trustee for debenture holders. (COMPANIES ACT 1965 (REVISED - 1973) - ACT 125)

(1) The auditor of a borrowing corporation shall within seven days after furnishing the corporation with any balance sheet or profit and loss account or any report certificate or other document which he is required by this Act or by the debentures or trust deed to give to the corporation, send by post to every trustee for the holders of debentures of the borrowing corporation a copy thereof.

(2) Where in the performance of his duties as auditor of a borrowing corporation the auditor becomes aware of any matter which is in his opinion relevant to the exercise and performance of the powers and duties imposed by this Act or by any trust deed upon any trustee for the holders of debentures of the corporation he shall, within seven days after so becoming aware of the matter, send by post a report in writing on the matter to the borrowing corporation and a copy thereof to the trustee.

Penalty: One thousand ringgit. Default penalty.