Act Number: 16

Act Name: The Public Sector Iron and Steel Companies (Restructuring) and Miscellaneous Provisions Act, 1978

Year: 1978

Enactment Date: 1978-04-30

Long Title: 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.

Ministry: Ministry of Steel

Department:

Section 17: Provision relating to auditors.
    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.
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