1964_PROFESSIONAL_ACCOUNTANTS_ORDINANCE — Page 6

1985 Ed.]

Professional Accountants

[CAP. 50

6. (1) The Society shall have and may use a common seal, the affixing of which shall be authenticated by the signature of the Registrar.

(2) Any instrument purporting to be executed under the seal of the Society shall be received in evidence and shall, unless the contrary is proved, be deemed to be an instrument so executed.

7. The objects of the Society shall be-

(a) to maintain a register of professional accountants;

(b) to regulate the practice of the accountancy profession;

(c) to conduct examinations and act in such other manner as may be necessary to ascertain whether persons are qualified to be admitted to the register;

(d) to encourage the study of accountancy by accountants and students, and to give certificates, bursaries, scholarships and rewards on such terms and conditions as may be specified from time to time;

(e) to maintain a library and reading rooms for the use of accountants and students:

(f) to establish and assist in establishing and supporting associations, funds, trusts and schemes intended to benefit accountants or their dependents, and to grant pensions and allowances to any accountant or his dependents:

(g) to represent the views of the profession and to preserve and maintain its integrity and status;

(h) to discourage dishonourable conduct and practices by professional accountants, and for this purpose to hold inquiries into the conduct of professional accountants;

(i) to provide for the settlement of disputes between professional accountants;

(j) 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) [Deleted, 22 of 1977, s. 3]

(c) regulating meetings of the Society and the Council;

(d) governing the registration, training and education of students; (Amended, 22 of 1977, s. 3)

Official seal and authentication thereof, and instruments executed thereunder.

Objects of the Society.

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Power of Society to make by-laws.