An auditor of a company may resign his office by depositing a notice in writing to that effect at the company’s head office.

Such a notice is not effective unless it is accompanied by the statement required by paragraph 18.

An effective notice of resignation operates to bring the auditor’s term of office to an end as of the date on which the notice is deposited or on such later date as may be specified in it.

The company must, not later than 14 days after the deposit of a notice of resignation, send a copy of the notice to the Authority.