SECTION 153

In a public limited company and in a simplified public limited company, the auditor may initiate an alert procedure by requesting an explanation, by hand-delivered letter against a receipt or by registered mail with request for acknowledgement of receipt, to the chairman of the board of directors, the chief executive officer or the generaldirector, as the case may be, on any fact likely to jeopardizethe company operationswhich he noticedwhile reviewingthe documents forwarded to him or any facthe uncoveredduring the performance of his duties.