regulations as prescribed in this Notification. In case where it appears that the service provider lacks qualifications, possess a prohibited characteristic or is no longer suitable for the outsourced function
behavior that, if considered on a reasonable ground, indicates failure to honestly and fairly perform duty in providing financial services, lacks professional accountability or due care, or aids or abets or
regulations as prescribed in this Notification. In case where it appears that the service provider lacks qualifications, possess a prohibited characteristic or is no longer suitable for the outsourced function
close the accounts and prepare the trial balance for the auditors, and lacks of communication with other departments, the accounting department cannot get all supporting documents on the closing day. When
course of business and at arm’s length. This issue usually arises in an audit firm that has a separate purchasing function from the audit department but lacks proper procedures to notify the right persons
that will issue or offer securities for sale lacks the qualifications, or its compliance with the after-approval conditions is inappropriate or it will not be able to comply with this Notification; (2
approval given in accordance with Clause 23 for the offering of structured notes: (1) the Company offering structured notes for sale lacks the qualifications, or its compliance with the conditions after
notification of the SEC. The executive who lacks of qualifications or has prohibited characteristics under the first paragraph shall be removed from his position and shall not remain in his position in the
approve, suspend or revoke an offer for sale of a private placement of bonds, as the case may be: (1) the issuer lacks the qualifications, or its compliance with the conditions after approval is
be: 6 (1) the foreign entity which will offer for sale of debt securities lacks qualifications or its compliance with the conditions after approval is inappropriate, or it will be unable to comply with