(1) The board of a company must ensure that an auditor of the company—
(a) is permitted to attend a meeting of shareholders of the company; and
(b) receives the notices and communications that a shareholder is entitled to receive relating to a meeting of shareholders; and
(c) may be heard at a meeting of shareholders which he or she attends on any part of the business of the meeting which concerns him or her as auditor.
(2) If the board of a company fails to comply with subsection (1), every director of the company commits an offence and is liable on conviction to the penalty set out in section 374(2).
Compare: 1955 No 63 s 166(4)