1985 Ed.]

Professional Accountants

[CAP. 50

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9. (1) The first annual general meeting of the Society shall be held within 9 months after the commencement of this Ordinance.

General meetings.

(2) An annual general meeting of the Society shall be held not less than once in every calendar year, and not more than 15 months after the holding of the last preceding annual general meeting.

(3) General meetings of the Society, other than the annual general meeting, shall be held as required by the by-laws.

(4) Any professional accountant may, at any meeting of the Society, move any resolution which is not inconsistent with the purposes and provisions of this Ordinance but may not move a resolution in respect of any act done in pursuance of the powers conferred by section 26, 27, 30, 34, 35, 36 or 39.

PART III

THE COUNCIL OF THE SOCIETY

10. (1) There is hereby established the Council of the Hong Kong Society of Accountants.

(2) The Council shall, subject to subsection (3), consist of the following 14 members-

(a) the Financial Secretary, or a person appointed by him as his representative;

(b) the Director of Accounting Services, or a person appointed by him as his representative; and (Amended, L.N. 16/77)

(c) 12 professional accountants (not being persons entitled to be registered only under section 24(2)) elected at an annual general meeting of the Society, of whom at the time of election-

(i) not less than 5 shall be holders of practising certificates;

(ii) not less than 5 shall be neither holders of practising certificates nor employed by holders of practising certificates. (Amended, 14 of 1985, s. 3)

(3) In addition to the members specified in subsection (2), the Governor may appoint not more than 2 members, each of whom shall be a representative of a university or other educational institution which provides courses of instruction in accountancy.

11. (1) If a casual vacancy occurs under section 4(3) or (4), or a vacancy is deemed to arise under section 15, the Council may appoint a professional accountant of the class referred to in sub-paragraph (i) or (ii) of section 10(2)(c), as the vacancy may require.

(2) A professional accountant appointed under subsection (1) to fill-

Establishment and composition of the Council.

Filling vacancies in Council.

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