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Section 33C: Power to take action against auditors.

The National Housing Bank Act, 1987Central Act · Act 53 of 1987

ic1956033C. Power to take action against auditors.--Where any auditor fails to comply with any direction given or order made by the National Housing Bank or the Reserve Bank under section 33, the Reserve Bank may, after giving a reasonable opportunity of being heard, remove or debar the auditor from exercising the duties as auditor of any of the Reserve Bank regulated entities for a maximum period of three years, at a time.ic19563

Where this provision sits

ActThe National Housing Bank Act, 1987
Section33C
Marginal notePower to take action against auditors.
JurisdictionCentral
StatusIn force as published by the source

How this provision has been amended

Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.

  • inserted, Act 18 of 2023. . Ins. by Act 18 of 2023, s. 2 and Schedule (w.e.f. 22-01-2024)

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