Common use of Appointment of auditors Clause in Contracts

Appointment of auditors. 28.2.1 The Concessionaire shall appoint and have during the subsistence of this Agreement as its Statutory Auditors, a firm having at least five practicing Chartered Accountants on its rolls. All fees and expenses of the Statutory Auditors shall be borne by the Concessionaire. 28.2.2 The Concessionaire may terminate the appointment of its Statutory Auditors after a notice of [45 (forty five)] days to the Authority, subject to the replacement Statutory Auditors being appointed in accordance with the Article 28.2.1. 28.2.3 Notwithstanding anything to the contrary contained in this Agreement, the Authority shall have the right but not the obligation, to appoint at its cost from time to time and at any time, another firm of Chartered Accountants (the “Additional Auditors”) to audit and verify all those matters, expenses, costs, realisations and things which the Statutory Auditors are required to do, undertake or certify pursuant to this Agreement.

Appears in 8 contracts

Samples: Concession Agreement, Concession Agreement, Concession Agreement

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Appointment of auditors. 28.2.1 15.2.1 The Concessionaire Supplier shall appoint appoint, and have during the subsistence of this Agreement as its Statutory Auditors, a firm having at least five practicing Chartered Accountants on its rollschosen by it and acceptable to the Aggregator. All fees and expenses of the Statutory Auditors shall be borne by the ConcessionaireSupplier. 28.2.2 15.2.2 The Concessionaire Supplier may terminate the appointment of its Statutory Auditors after a notice of [45 (forty five)] ) days to the AuthorityAggregator, subject to the replacement Statutory Auditors being appointed in accordance with the Article 28.2.1manner specified in Clause 15.2.1. 28.2.3 15.2.3 Notwithstanding anything to the contrary contained in this Agreement, the Authority Aggregator shall have the right right, but not the obligation, to appoint at its cost from time to time and at any timeanytime, another firm of Chartered Accountants (the “Additional Auditors”) of Chartered Accountants to audit and verify all those matters, expenses, costs, realisations and things which the Statutory Auditors are required to do, undertake or certify pursuant to this Agreement.

Appears in 4 contracts

Samples: Procurement Agreement, Procurement Agreement, Pilot Agreement for Procurement of Power

Appointment of auditors. 28.2.1 14.2.1 The Concessionaire Aggregator shall appoint appoint, and have during the subsistence of this Agreement as its Statutory Auditors, a firm having at least five practicing Chartered Accountants on its rollschosen by it and acceptable to the Utility. All fees and expenses of the Statutory Auditors shall be borne by the ConcessionaireAggregator. 28.2.2 14.2.2 The Concessionaire Aggregator may terminate the appointment of its Statutory Auditors after a notice of [45 (forty five)] ) days to the AuthorityUtility , subject to the replacement Statutory Auditors being appointed in accordance with the Article 28.2.1manner specified in Clause 14.2.1. 28.2.3 14.2.3 Notwithstanding anything to the contrary contained in this Agreement, the Authority Utility shall have the right right, but not the obligation, to appoint at its cost from time to time and at any timeanytime, another firm of Chartered Accountants (the “Additional Auditors”) of Chartered Accountants to audit and verify all those matters, expenses, costs, realisations and things which the Statutory Auditors are required to do, undertake or certify pursuant to this Agreement.

Appears in 4 contracts

Samples: Power Supply Agreement, Power Supply Agreement, Power Supply Agreement

Appointment of auditors. 28.2.1 16.2.1 The Concessionaire Supplier shall appoint appoint, and have during the subsistence of this Agreement as its Statutory Auditors, a firm having at least five practicing Chartered Accountants on its rollschosen by it and acceptable to the Utility. All fees and expenses of the Statutory Auditors shall be borne by the ConcessionaireSupplier. 28.2.2 16.2.2 The Concessionaire Supplier may terminate the appointment of its Statutory Auditors after a notice of [45 (forty five)] ) days to the AuthorityUtility, subject to the replacement Statutory Auditors being appointed in accordance with the Article 28.2.1manner specified in Clause 16.2. 28.2.3 16.2.3 Notwithstanding anything to the contrary contained in this Agreement, the Authority Utility shall have the right right, but not the obligation, to appoint at its cost from time to time and at any timeanytime, another firm of Chartered Accountants (the “Additional Auditors”) of Chartered Accountants to audit and verify all those matters, expenses, costs, realisations and things which the Statutory Auditors are required to do, undertake or certify pursuant to this Agreement.

Appears in 4 contracts

Samples: Power Purchase Agreement, Procurement Agreement, Procurement Agreement

Appointment of auditors. 28.2.1 16.2.1 The Concessionaire Supplier shall appoint appoint, and have during the subsistence of this Agreement as its Statutory Auditors, a firm having at least five practicing Chartered Accountants on its rollschosen by it and acceptable to the Aggregator. All fees and expenses of the Statutory Auditors shall be borne by the ConcessionaireSupplier. 28.2.2 16.2.2 The Concessionaire Supplier may terminate the appointment of its Statutory Auditors after a notice of [45 (forty five)] ) days to the AuthorityAggreagtor, subject to the replacement Statutory Auditors being appointed in accordance with the Article 28.2.1manner specified in Clause 16.2. 28.2.3 16.2.3 Notwithstanding anything to the contrary contained in this Agreement, the Authority Aggregator shall have the right right, but not the obligation, to appoint at its cost from time to time and at any timeanytime, another firm of Chartered Accountants (the “Additional Auditors”) of Chartered Accountants to audit and verify all those matters, expenses, costs, realisations and things which the Statutory Auditors are required to do, undertake or certify pursuant to this Agreement.

Appears in 1 contract

Samples: Procurement Agreement

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Appointment of auditors. 28.2.1 The Concessionaire shall appoint and have during the subsistence of this Agreement as its Statutory Auditors, a firm having at least five 5 (five) practicing Chartered Accountants on its rolls. All fees and expenses of the Statutory Auditors shall be borne by the Concessionaire. 28.2.2 The Concessionaire may terminate the appointment of its Statutory Auditors after a notice of [45 (forty five)] ) days to the Authority, subject to the replacement Statutory Auditors being appointed in accordance with the Article Clause 28.2.1. 28.2.3 Notwithstanding anything to the contrary contained in this Agreement, the Authority shall have the right but not the obligation, to appoint at its cost from time to time and at any time, another firm of Chartered Accountants (the “Additional Auditors”) to audit and verify all those matters, expenses, costs, realisations and things which the Statutory Auditors are required to do, undertake or certify pursuant to this Agreement.

Appears in 1 contract

Samples: Concession Agreement

Appointment of auditors. 28.2.1 16.2.1 The Concessionaire Aggregator shall appoint appoint, and have during the subsistence of this Agreement as its Statutory Auditors, a firm having at least five practicing Chartered Accountants on its rollschosen by it and acceptable to the Utility. All fees and expenses of the Statutory Auditors shall be borne by the ConcessionaireAggregator. 28.2.2 16.2.2 The Concessionaire Aggregator may terminate the appointment of its Statutory Auditors after a notice of [45 (forty five)] ) days to the AuthorityUtility, subject to the replacement Statutory Auditors being appointed in accordance with the Article 28.2.1manner specified in Clause 16.2. 28.2.3 16.2.3 Notwithstanding anything to the contrary contained in this Agreement, the Authority Utility shall have the right right, but not the obligation, to appoint at its cost from time to time and at any timeanytime, another firm of Chartered Accountants (the “Additional Auditors”) of CharteredAccountants to audit and verify all those matters, expenses, costs, realisations and things which the Statutory Auditors are required to do, undertake or certify pursuant to this Agreement.

Appears in 1 contract

Samples: Power Supply Agreement

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