Accountants Act 2004 · 2020 Revised Edition · Part 4 · Accounting Corporations, Accounting Firms and Accounting Llps
30. Application of Companies Act 1967 and other written laws to accounting corporations
Feedback & supportNothing in this Part, with the exception of section 19(2), affects the operation of the Companies Act 1967 in relation to its application to a company that is an accounting corporation.
An accounting corporation is, notwithstanding that the shares in the accounting corporation are held by more than 20 members, deemed to be an exempt private company for the purposes of the Companies Act 1967.
accounting corporation
“accounting corporation” means a company approved as an accounting corporation under section 17;
An accounting corporation is not treated for the purposes of the Companies Act 1967 as a public company merely because it has more than 50 members.
Such provisions of any written law having effect in relation to public accountants or accounting firms as may be prescribed, have effect in relation to accounting corporations with such prescribed modifications as may be necessary or expedient; and such provisions are to be construed accordingly.