Section 52
Appointment and approval of auditor
ActIn forceProvision 52 of 92
Section 52
(1)
A management company shall appoint an auditor for the purpose of auditing the whole of the business of the scheme administered by the management company.
64 Laws of Malaysia ACT 778
(2)
No director or employee of a management company, trustee or custodian and no firm of which any such director or employee is a member may be appointed as an auditor of an interest scheme.
(3)
An auditor who has been removed by a management company from his office as an auditor shall inform the Registrar within seven days from the date of his removal.