(1) If at any time during his term of office a statutory auditor becomes prohibited from acting by section 1214(1), he must immediately—
(a) resign his office (with immediate effect), and
(b) give notice in writing to the audited person that he has resigned by reason of his lack of independence.
(2) A person is guilty of an offence if—
(a) he acts as a statutory auditor in contravention of section 1214(1), or
(b) he fails to give the notice mentioned in paragraph (b) of subsection (1) in accordance with that subsection.
(3) A person guilty of an offence under subsection (2)
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