Companies Act · s 133A

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s 133ACertain companies exempt from obligation to appoint auditors

(1)

Notwithstanding section 131, a company which is exempt from audit requirements undersection 133B or 1 3 3 ~ ;

and its directors, shall be exempt from section 13 l(1).

134 CAP. 39

Companies

(2)

Where a company ceases to be so exempt, the company shall appoint a person or persons to be auditor or auditors of the company at any time before the next annual general meeting and the auditors so appointed shall hold ofice until the conclusion of that meeting.

(3)

If default is made in complying with subsection (2), the company and every director of the company who is in default is guilty of an offence and liable on conviction to a fine not exceeding $5,000.