21.—(1) It shall be a condition of every licence granted to any corporation or partnership that the corporation or partnership shall supply architectural services in Singapore only under the control and management of a registered architect ordinarily resident in Singapore who has in force a practising certificate and who is —
(a)
a director of the corporation and —
(i)
in the case of a corporation which has a share capital, a registered owner of at least one share of the corporation; or
(ii)
in the case of a corporation share capital, a member of the corporation; or
(b)
a partner of the partnership.
(2) It shall be a condition of every licence granted to any corporation other than an unlimited corporation that the corporation shall not supply architectural services in Singapore unless —
(a)
the corporation is insured in respect of professional liability in accordance with section 24 and the rules; and
(b)
not less than two-thirds, or such lower proportion as the Minister may specify in relation to the corporation under section 20(1)(d), of each class of shares of the corporation are beneficially owned by and registered in the names of registered architects, or registered architects and allied professionals, who are either directors, managers or employees of the corporation.
(3) Without prejudice to subsections (1) and (2), the Board may grant a licence subject to such other conditions as it thinks fit and may at any time vary any existing conditions (other than those specified in subsections (1) and (2)) of such a licence or impose additional conditions thereto.
(4) Where a licence is granted by the Board to a corporation or partnership subject to conditions (other than those specified in subsections (1) and (2)), the corporation or partnership may, if aggrieved by the decision of the Board, appeal in the prescribed manner to the Minister whose decision shall be final.