Clause 8

Any person may apply to the Minister to be approved as a company auditor for the purposes of this Act.[Aust.s. 8.]

The Minister may, if he is satisfied that the applicant is of good character and competent to perform the duties of an auditor under this Act, upon payment of the fee set out in the Second Schedule to this Act approve such person as a company auditor for the purposes of this Act.

Any approved company auditor may apply to the Minister to be approved as a liquidator for the purposes of this Act, and such Minister, if satisfied as to the experience and capacity of the applicant, may on payment of the fee set out in the Second Schedule to this Act, approve such person as a liquidator for the purposes of this Act.

Any approval granted by the Minister pursuant to this section may be made subject to such limitations or conditions as he thinks fit and may be revoked at any time by him by the service of a notice of revocation on the approved person.

Every approval under this section including a renewal of approval of a company auditor or liquidator shall be in force until the 31st day of March in the third year following the year in which the approval was granted unless sooner revoked by the Minister.

A person who immediately before the date of the coming into operation of this Act was authorised pursuant to any corresponding previous written law to be an auditor of companies shall be deemed to have been approved as a company auditor under this section from the date of the coming into operation of this Act until the 31st day of December 1967, but if such person’s approval was limited or conditional those limitations and conditions shall continue to apply.

The Minister may delegate all or any of his powers under this section to any person or body of persons charged with the responsibility for the registration or control of accountants in Singapore.

Any person who is dissatisfied with the decision of any person or body of persons to whom the Minister has delegated all or any of his powers under this section may appeal to the Minister who may in his discretion confirm, reverse or vary such decision.