Constitution of Disciplinary Committee
49.—(1) A Disciplinary Committee shall consist of—
- (a) 4 public accountants; and
- (b) one lay person.
(2) A Disciplinary Committee may be appointed in connection with one or more matters or for a fixed period of time, as the Oversight Committee thinks fit.
(3) The chairman or a member of a Complaints Committee which inquired into any complaint or information shall not be a member of a Disciplinary Committee conducting the formal inquiry into the same complaint or information.
(4) The Oversight Committee shall appoint a member of a Disciplinary Committee who is a public accountant to be the chairman thereof.
(5) The Oversight Committee may at any time revoke the appointment of any Disciplinary Committee or may remove any member of a Disciplinary Committee or fill any vacancy in a Disciplinary Committee.
(6) No act done by or under the authority of a Disciplinary Committee shall be invalid in consequence of any defect that is subsequently discovered in the appointment or qualification of the members or any of them.
(7) A member of a Disciplinary Committee shall, notwithstanding that he has ceased to be a member of the Complaints and Disciplinary Panel on the expiry of his term of office, continue to be a member of the Disciplinary Committee until such time as the Disciplinary Committee has completed its work.
Notice of formal inquiry
50.—(1) Before a Disciplinary Committee commences a formal inquiry into any complaint or information referred to it, the Registrar shall serve on the public accountant, accounting corporation or accounting firm concerned a written notice of the formal inquiry.
(2) A formal inquiry shall not be fixed on a date earlier than 14 days after the date of the notice of formal inquiry except with the agreement of the public accountant, accounting corporation or accounting firm concerned.
