Companies Act, 1973 (Act No. 61 of 1973)Chapter XIII: External CompaniesAdministrative and Other Duties of External Companies325. External company to have an auditor |
| 1) | Every external company shall appoint and shall at all times have an auditor within the meaning of this Act and shall not later than fourteen days after such appointment or any change in the office of auditor, lodge with the Registrar in the prescribed form a notice stating the name and address of such auditor or the change in such office. |
| 2) | The auditor of any external company may at any time resign as such and the provisions of section 280 shall mutatis mutandis apply with reference to such resignation. |
| 3) | If an external company fails to appoint an auditor as provided in subsection (1), the Registrar shall appoint such auditor. |
| 4) | The provisions of subsection (1) shall not apply where the sole purpose of the external company in establishing a place of business in the Republic is to establish a share registration office or a share transfer office. |