49.
| (1) The accounts of the Corporation shall be audited by two qualified auditors annually appointed by the shareholders of the Corporation. |
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| (2) The shareholders shall determine the remuneration of the auditors of the Corporation.
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| (3) Each auditor of the Corporation shall be supplied with a copy of the annual balance sheet of the Corporation and it shall be the duty of such auditor to examine such balance sheet together with the accounts and vouchers related thereto. He shall at all reasonable times have access to the books, accounts and vouchers of the Corporation and shall be entitled to require from the directors and officers of the Corporation such information and explanation as may be necessary for the performance of his duties.
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| (4) Each auditor of the Corporation shall make a written report upon the annual balance sheet and accounts of the Corporation and shall in such report state whether he has or has not obtained all the information and explanations required by him and whether in his opinion, such accounts are properly drawn up, so as to exhibit a true and correct view of the Corporation's affairs according to the best of his information and the explanations given to him as shown by the books of the Corporation.
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| (5) The report of each auditor of the Corporation shall be transmitted by such auditor to the Board of Directors of the Corporation and to the Authority |
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Sri Lanka Consolidated Acts