Singapore legislation

Clause 26

Requirements as to alteration of memorandum or articles of association

(1)

The memorandum and articles of association of an accounting corporation shall at all times comply with all the requirements specified in section 17(3)(a) and (c) and the rules relating thereto.

(2)

An accounting corporation shall, within 30 days of the occurrence of —

(a)

any amendment to its memorandum or articles of association;

(b)

any change in the composition of its board of directors who are public accountants;

(c)

any change in the proportion of its voting shares owned by corporate practitioners; or

(d)

any change in the number of its corporate practitioners,furnish the Registrar with a true report in writing giving full particulars of the amendment or change.

(3)

In addition to the requirements in subsection (2), every accounting corporation shall in every year, not later than a date specified by the Oversight Committee, send to the Registrar an annual report relating to the accounting corporation in such form as the Oversight Committee may require.

Read in full context — Accountants Bill →