Section 17
Provision relating to auditors.
The Public Sector Iron and Steel Companies (Restructuring) and Miscellaneous Provisions Act, 1978
About this Act
An Act to provide for restructuring of the iron and steel companies in the public sector so as to secure better management and greater efficiency in their working and for matters connected therewith or incidental thereto.
Every person appointed under section 619 of the Companies
Act as an auditor of a dissolved company or of a transferred unit, holding office immediately before the
appointed day, may continue to hold office as such auditor in the corresponding unit of the Integral
Company or of any other transferee company, as the case may be, for the duration for which he was so
appointed, on the same terms and conditions as were applicable to him immediately before the appointed
day.