ferred upon him by the Ordinance to grant, cancel or amend certificates of incorporation. During the year two certificates of incorporation were granted under the delegated powers, making a total of 31 certificates so far granted. The objects of the 31 bodies or charities whose trustees have been incorporated are:
Educational Religious
Social Welfare Others
:
...
2
13
12
4
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Authorized Auditors Board
98. The Authorized Auditors Board constituted under section 132 of the Companies Ordinance is composed of ten members, namely, the Registrar of Companies (Chairman), the Accountant General and the Commissioner of Inland Revenue as ex officio members, a Legal Adviser, and six other members appointed by the Governor, of whom five are practising accountants.
99. The Board inquires into the professional qualifications, experi- ence, competency and character of all applicants for admission to the Authorized List of Auditors kept by the Registrar of Companies under section 131(3)(a). This List is in two Parts, Part I containing the names of persons authorized to audit accounts kept in English, Part II the names of those authorized to audit accounts kept in Chinese. The Board also sit as a disciplinary tribunal, having power to issue a reprimand or order the removal of the name of an auditor from the List.
may
100. During the year the Board inquired into and approved the applications of 29 auditors and 9 auditing firms for admission to Part I, and of 22 auditors and 8 auditing firms for admission to Part II of the Authorized List. At the end of the year there were 266 individuals and 102 firms on Part I of the List and 216 individuals and 89 firms on Part II. Of these, 187 individuals and 83 firms were on both Parts. Out of the 266 accountants on Part I of the List 209 were Chinese.
Companies Law Revision Committee
101. The Companies Law Revision Committee, of which the Registrar General is a member, continued its discussions on legislation for the pre- vention of fraud in relation to investments. The Committee's first Report,
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