Additional Auditor definition

Additional Auditor has the meaning ascribed to it in Article 9.4.
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Additional Auditor means another firm of chartered accountants duly licensed to practice in India empanelled by CAG, to conduct special audit of the quantity MT of cargo/ TEUs handled and the financial statements, documents and supporting evidences thereto as may be mandated by the Contracting Authority.
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Additional Auditor means another firm of chartered accountants duly licensed to practice in India empanelled by CAG, to conduct special audit of the quantity MT of cargo/ TEUs handled and the financial statements, documents and supporting evidences thereto as may be mandated by the Concessioning Authority.
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Examples of Additional Auditor in a sentence

  • Any claim or document provided by the Concessionaire to MOR in connection with or relating to receipts, income, payments, costs, expenses, accounts or audit, and any matter incidental thereto shall be valid and effective only if certified by its Statutory Auditors and Additional Auditor, if appointed.

  • Without prejudice to the aforesaid, if the difference between the Gross Revenue reported by the Additional Auditor and that reported by the Statutory Auditor is higher than 5% (five percent), the Concessioning Authority shall at its sole discretion have the right to require a Special Audit for the entire outstanding tenure of the Concession.

  • Any claim or document provided by the SPD to Railways in connection with or relating to receipts, income, payments, costs, expenses, accounts or audit, and any matter incidental thereto shall be valid and effective only if certified by its Statutory Auditors and Additional Auditor, if appointed.

  • Without prejudice to the aforesaid, if the difference between the Gross Revenue reported by the Additional Auditor and that reported by the Statutory Auditor is higher than [5]% (five percent), the Concessioning Authority shall at its sole discretion have the right to require a Special Audit for the entire outstanding tenure of the Concession.

  • The Concessionaire shall also pay interest @ SBI PLR plus 2% (two percent) on the difference between the Royalty paid by the Concessionaire based on the Gross Revenue reported by the Statutory Auditor and that payable by the Concessionaire based on the Gross Revenue reported by the Additional Auditor for the intervening period between the payment of the Royalties as above.

  • In the event that the quantity (MT) of cargo/ TEUs handled reported by the Additional Auditor is higher than that reported by the Statutory Auditor, the auditors shall meet to resolve such differences and if they are unable to resolve the same the Concessionaire shall pay Royalty on the quantity (MT) of cargo/ TEUs handled reported by the Additional Auditor.

  • In the event that the Gross Revenue reported by the Additional Auditor is higher than that reported by the Statutory Auditor, the auditors shall meet to resolve such differences and if they are unable to resolve the same the Concessionaire shall pay Royalty on the Gross Revenue reported by the Additional Auditor.

  • The Concessionaire shall also pay interest @ 3% above the Bank Rate on the difference between the Royalty paid by the Concessionaire based on the quantity (MT) of cargo handledreported by the Statutory Auditor and that payable by the Concessionaire based on the quantity (MT) of cargo/TEUshandledreportedby the Additional Auditor for the intervening period between the payment of the Royalties as above.Further, the Concessionaire shall reimburse all costs, charges and expenses related to the SpecialAudit.

  • In the event that the quantity (MT) of cargo handled reported by the Additional Auditor is higher than that reported by the Statutory Auditor, the auditors shall meet to resolve such differences and if they are unable to resolve the same the Concessionaire shall pay Royalty on the quantity (MT) ofcargo/ TEUs handled reported by the Additional Auditor.

  • Without prejudice to the aforesaid, if the difference between the quantity (MT) of cargo handled reported by the Additional Auditor and that reported by the Statutory Auditor is higher than[5]% the Concessioning Authority shall at its sole discretion have the right to require a Special Auditfor the entire outstanding tenure of the Concession.


More Definitions of Additional Auditor

Additional Auditor shall have the meaning set forth in Clause 30.2.3;
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Related to Additional Auditor

  • Auditor means the person for the time being performing the duties of auditor of the Company (if any).

  • Independent Auditor has the meaning specified in Section 6.01(a).

  • Inspecting Officer means any officer as mentioned below corresponding to different departments:

  • The Inspecting Officer means the person specified in the contract for the purpose of Inspection of stores or work under the contract and includes his authorised representative;

  • Financial Officer Certification means, with respect to the financial statements for which such certification is required, the certification of the chief financial officer of Company that such financial statements fairly present, in all material respects, the financial condition of Company and its Subsidiaries as at the dates indicated and the results of their operations and their cash flows for the periods indicated, subject to changes resulting from audit and normal year-end adjustments.