Power of
Society to
make by-laws.
( to establish and assist in establishing and supporting associations. funds, trusts and schemes intended to benefit accountants or their dependants, and to grant pensions and allowances to any accountant or his dependants:
(e) to represent the views of the profession and to preserve
and maintain its integrity and status:
(A) to discourage dishonourable conduct and practices by professional accountants, and for this purpose to bold inquiries into the conduct of professional accountants; () to provide for the settlement of disputes between
professional accountants;
() to take such action as the Society considers necessary in any matter affecting the professional interests of professional accountants;
(k) to do all such other things as are incidental or conducive
to the attainment of the above objects.
8. (1) The Society may, subject to the approval of the Governor in Council, make by-laws-
(a) regulating the practice of accountancy by professional
accountants in Hong Kong:
(b) fixing registration and other fees;
(c) regulating meetings of the Society and the Council; (d) governing the registration, training and education of
students and the fees payable therefor;
(e) governing the discipline of students;
(f) empowering the Council to make rules prescribing ex- aminations for students, the fees payable therefor and all matters incidental to the holding thereof including exemptions or concessions which may be granted in respect of the examinations;
(g) regulating the conditions on which examiners shall be
engaged;
(A) regulating the appointment of an auditor;
( providing for the use and custody of the common seal
of the Society;
providing for the custody, investment and expenditure of the funds and the management of property of the Society;
(k) specifying the procedure of the Disciplinary Committee and the composition and procedure of any other com- mittee;
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(specifying the designations for professional accountants and the initials by which professional accountants may be known;
(17) prescribing the practical experience required for the issue
of a practising certificate:
(n) regulating the nomination and election of elected mem-
bers of the Council:
(o) conferring on members of the Council and employees and auditors of the Society a right of indemnity against the Society for actions brought against them for things done by them in the execution of the Ordinances (p) prescribing anything which is to be or may be prescribed
by the Ordinance:
(4) generally for the better carrying into effect of the pur- poses of this Ordinance and for the furtherance of the objects of the Society.
(2) A copy of any by-laws made by the Society shall, as soon as practicable after the making thereof, be duly certified by the President and transmitted by him for the approval of the Governor in Council.
(3) A by-law under subsection (1) may be made only by a majority of two-thirds of the professional accountants present ani voting at a general meeting of the Society convened for the purpose of making the by-laws. Notice of such meeting and of the by-laws to be proposed thereal shall be sent by registered post to every professional accountant at bis registered address not less than twenty-one days before the date fixed for the meeting, but the non-receipt of such a notice by any professional accountant shall not invalidate the proceedings thereat.
(4) Until the first general meeting of the Society, the Gover- nor may make by-laws for the Society in respect of any of the matters specified in subsection (1).
9. (1) The first annual general meeting of the Society shall be held within nine months after the commencement of this Ordin-
ance
(2) An annual general meeting of the Society shall be held not less than once in every calendar year, and not more than fifteen 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
General meetings.
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