In a cascaded system comprising a combination of oblique retarders, the effect of optical rotation is observed in addition to the overall retardation. This shows that the combined system does not behave as a pure oblique retarder. Analyzing such a general system using Pauli Spin matrices, it is shown that the effect of optical rotation may be completely annulled through the use of a suitably oriented retarder at the output of the cascaded system. The analysis assumes monochromaticity of the illuminating light beam.