- (v) upon a proposal for the disposal of the whole of the property, business and undertakings of the company or accounting corporation;
- (vi) during the winding up of the company or accounting corporation.
PART II
ADMINISTRATION OF ACT
Administration of Act
3. The Authority shall be responsible—
- (a) for the registration of public accountants and the approval of accounting corporations and accounting firms and the names thereof under this Act;
- (b) for the control and regulation of the practice of the profession of accountancy by public accountants, accounting corporations and accounting firms; and
- (c) generally, for the administration of this Act, and shall carry out such functions subject to the general or special directions of the Minister.
Appointment of Public Accountants Oversight Committee
4.—(1) For the discharge of its functions under section 3, the Authority may, with the approval of the Minister and subject to subsection (2), appoint from among its members a committee to be known as the Public Accountants Oversight Committee.
(2) At least one member of the Oversight Committee shall be a public accountant.
(3) The Oversight Committee shall carry out the functions and duties and exercise the powers conferred on it by this Act in accordance with such general or special directions as the Authority may from time to time give to the Oversight Committee.
(4) The Schedule shall have effect with respect to the Oversight Committee, its members and proceedings.
