Page:Accountants Act 2004.pdf/21

Rh :(c) is a name of a kind that the Authority has directed the Oversight Committee not to accept for registration.

(2) Notwithstanding section 27 of the Companies Act (Cap. 50), an accounting corporation which is a limited company need not have the word “Limited” or “Berhad” as part of its name and an accounting corporation which is a private company need not have the word “Private” or “Sendirian” as part of its name.

(3) Every accounting corporation shall have either the words “Public Accounting Corporation” as part of its name or the acronym “PAC” at the end of its name, and no person, firm or company other than an approved accounting corporation shall have such words or acronym as part of or at the end of its name, as the case may be.

(4) The name of an accounting corporation or accounting firm shall not be changed without the prior approval in writing of the Oversight Committee.

(5) Notwithstanding anything in this section or section 27 of the Companies Act, where the Oversight Committee is satisfied that the name of an accounting corporation or accounting firm has been approved (whether through inadvertence or otherwise and whether originally or by change of name) in contravention of subsection (1), the Oversight Committee may direct the accounting corporation or accounting firm to change its name.

(6) The accounting corporation or accounting firm shall comply with the direction of the Oversight Committee under subsection (5) within 6 weeks after the date of the direction or such longer period as the Oversight Committee may allow unless the direction is annulled by the Minister.

Right of appeal against decision of Oversight Committee

20.—(1) An applicant for approval by the Oversight Committee of—
 * (a) a company or proposed company as an accounting corporation;
 * (b) a firm or proposed firm as an accounting firm; or
 * (c) the name or a change in the name of an accounting corporation or accounting firm,