Auditor not to render certain services :

An auditor appointed by the company will provide only such other services as are approved by the Board of Directors or the audit committee. The auditor is prohibited to provide any of the following services whether directly or indirectly to the company or its holding company or subsidiary company-

(i) accounting and book keeping services;

(ii) internal audit;

(iii) design and implementation of any financial information system;

(iv) actuarial services;

(v) investment advisory services;

(vi) investment banking services;

(vii) rendering of outsourced financial services;

(viii) management services; and

(ix) any other kind of services as may be prescribed.