Clause 35

The Minister shall nominate in each year the Director of Audit or any person authorised under section 134 of the Companies Ordinance (Cap. 174) to be an auditor of companies generally, hereinafter referred to as the “Auditor”, to audit the Board’s accounts.

The Auditor shall be paid out of the income of the Board such remuneration, expenses or fees as the Minister, after consultation with the Board, shall direct.

For the purpose of the audit of accounts under this Ordinance, the Auditor may by notice in writing require the production before him of any book, deed, contract, account, voucher or other document which he may deem necessary to call for, and may require any person holding or accountable for any such document to appear before him and make and sign a statement in relation thereto and may require from any such person such information as he deems necessary.

Any person who, being required by the Auditor under subsection (3) of this section to produce any document or to appear before him and make and sign a statement as aforesaid or to furnish information, fails without reasonable excuse to comply with such requisition, shall be guilty of an offence under this Ordinance and shall be liable on conviction to a fine not exceeding two hundred dollars, and in the case of continuing failure to comply with such requisition, to a fine not exceeding one hundred dollars for every day or part of a day during which such failure continues after the date of conviction thereof.