Clause 34

is convicted of an offence involving dishonesty; or

is judged by the Disciplinary Committee to have been guilty of grave impropriety or infamous conduct in a professional respect or to have been guilty of gross carelessness or gross neglect or gross incapacity in the performance of his professional duties or to have been guilty of any act or default discreditable to an accountant or to have conducted himself in such a manner as to render the exercise of the powers of the Disciplinary Committee expedient in the interests of the public or of the Society; or

is a bankrupt who has not obtained his order of discharge or whose order of discharge is suspended for a term not yet expired or is subject to conditions not yet fulfilled; or

has within three years immediately preceding the date on which the Disciplinary Committee seeks to exercise the disciplinary power conferred upon it by subsection (3) of this section individually or as a partner assigned substantially the whole of his estate for the benefit of his creditors or under an order of any Court or has under any deed or instrument placed substantially the whole of his estate in the hands of an assignee or trustee for the benefit of his creditors or made any arrangements for payment of a composition to his creditors,the Disciplinary Committee may if it deems fit, on the matter being referred to it by the Investigation Committee and after due inquiry has been made in accordance with the rules of the Society, exercise in respect of such member all or any of the disciplinary powers conferred upon it by subsection (3) of this section.

subject to the provisions of subsection (4) of this section, to cause the name of a member of the Society to be removed from the register and thereupon such member shall cease to be a member of the Society;

subject to the provisions of subsection (4) of this section, by writing under the hand of its Chairman, to suspend a member of the Society for any period not exceeding five years;

by writing under the hand of its Chairman, to impose a penalty upon a member of the Society not exceeding five hundred dollars:Provided that no such penalty may be imposed under this paragraph in any case where the Disciplinary Committee is proceeding under paragraph (a) of subsection (1) of this section or where the Disciplinary Committee is inquiring into any act or omission which constitutes an offence under any written law for which such member has been convicted by any Court and which is punishable by imprisonment or fine;

by writing under the hand of its Chairman, to censure a member of the Society; and

by writing under the hand of its Chairman, to order a member of the Society to pay to the Society such sum as it deems fit in respect of costs and expenses of and incidental to any inquiry held by the Disciplinary Committee and any investigation held by the Investigation Committee.