Accounting and Corporate Regulatory Authority Act
(CHAPTER 2A)

(Original Enactment: Act 3 of 2004)

REVISED EDITION 2005
(31st July 2005)
An Act to establish and incorporate the Accounting and Corporate Regulatory Authority, to provide for its functions and powers, and for matters connected therewith.
[1st April 2004]
PART I
PRELIMINARY
Short title
1.  This Act may be cited as the Accounting and Corporate Regulatory Authority Act.
Interpretation
2.  In this Act, unless the context otherwise requires —
“Authority” means the Accounting and Corporate Regulatory Authority established under section 3;
“Chairman” means the Chairman of the Authority appointed under section 5(1)(a) and includes any temporary Chairman of the Authority;
“Chief Executive” means the Chief Executive of the Authority appointed under section 10 and includes any person acting in that capacity;
“debenture” includes debenture stock;
“Deputy Chairman” means any person who is appointed under section 5(3)(a) to be the Deputy Chairman of the Authority;
“member” means a member of the Authority;
“Public Accountants Board” means the Public Accountants Board established under section 3 of the Accountants Act (Cap. 2, 2001 Ed.) repealed by the Accountants Act (Cap. 2, 2005 Ed.);
“Registry of Companies and Businesses” means the Government department known as the Registry of Companies and Businesses;
“securities”, in relation to a company, includes shares, debentures, bonds and other securities of the company, whether or not constituting a charge on the assets of the company;
“shares” includes stocks.