Section 23: Power of President to give directions to auditors, etc.

The President may, in respect of any particular audit under this Act, if of the opinion that it is in the public interest so to do, from time to time give directions-(a) to the auditors of the Corporation, requiring them to carry out any examination which would enable them to report to the President upon the adequacy of any measures taken by the Corporation for the protection of the interests of the shareholders, policy holders, and other creditors of the Corporation, or upon the sufficiency of procedure in auditing the financial affairs of the Corporation;
(b) to the said auditors requiring them to enlarge, within the requirements of their directions, the scope of the audit of the financial affairs of the Corporation or to adopt a different procedure in the audit;
(c) to the said auditors or any other persons requiring them jointly or severally to carry out such other examinations as may be mentioned in the directions,
and it shall be the duty of the auditors or other persons directed as aforesaid, to comply with those directions and to report to the Board accordingly.