Section 19

The Oversight Committee must not approve the name or proposed name, or any proposed change in the name, of an accounting corporation, accounting firm or accounting LLP if it is of the opinion that the name or proposed name —

Despite section 27 of the Companies Act 1967, an accounting corporation which is a limited company need not have the word “Limited” or “Berhad” as part of its name and an accounting corporation which is a private company need not have the word “Private” or “Sendirian” as part of its name.

Every accounting corporation must have either the words “Public Accounting Corporation” as part of its name or the acronym “PAC” at the end of its name, and a person, firm or company other than an approved accounting corporation must not have such words or acronym as part of or at the end of its name, as the case may be.

The name of an accounting corporation, accounting firm or accounting LLP must not be changed without the prior written approval of the Oversight Committee.

Despite anything in this section, section 27 of the Companies Act 1967 or section 23 of the Limited Liability Partnerships Act 2005, where the Oversight Committee is satisfied that the name of an accounting corporation, accounting firm or accounting LLP has been approved (whether through inadvertence or otherwise and whether originally or by change of name) in contravention of subsection (1), the Oversight Committee may direct the accounting corporation, accounting firm or accounting LLP to change its name.

The accounting corporation, accounting firm or accounting LLP must comply with the direction of the Oversight Committee under subsection (5) within 6 weeks after the date of the direction or any longer period that the Oversight Committee may allow unless the direction is annulled by the Minister.