Section 67: Recommendation for taking actions against Auditor

1) The Rastra Bank shall write to the concerned regulating authority to remove the name of an auditor who does not perform his/her duties as per this Act from the panel of the auditors subject to prohibit him/her from carrying out an audit of any bank or financial institution for one year to three years.

2) In case of recommendation pursuant to sub-section (1), the concerned regulating agency shall have to take action against such auditor as per the prevailing laws.