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NO. 4 OF 2004
may be necessary or expedient; and such provisions shall be construed accordingly.
Removal from Register of Public Accounting Corporations or Register of Public Accounting Firms
31.—(1) The Registrar shall remove from the Register of Public Accounting Corporations the name and relevant particulars of any accounting corporation if—
- (a) the accounting corporation has been wound up;
- (b) the approval of the accounting corporation under this Part has been revoked under Part VI; or
- (c) the accounting corporation has applied for its approval under this Part to be revoked.
(2) The Registrar shall remove from the Register of Public Accounting Firms the name and relevant particulars of any accounting firm if—
- (a) the accounting firm has been dissolved;
- (b) the approval of the accounting firm under this Part has been revoked under Part VI; or
- (c) the accounting firm has applied for its approval under this Part to be revoked.
(3) The Oversight Committee shall not grant an application by an accounting corporation or an accounting firm for the revocation of its approval under subsection (1)(c) or (2)(c), as the case may be, if—
- (a) it has received any complaint or information under Part VI against the accounting corporation or accounting firm or any public accountant practising therein;
- (b) disciplinary proceedings under Part VI are pending against the accounting corporation or accounting firm or any public accountant practising therein; or
- (c) the conduct of business of the accounting corporation or accounting firm is the subject of an inquiry or investigation by a Complaints Committee or a Disciplinary Committee under Part VI.
