Accounting and Corporate Regulatory Authority Act(CHAPTER 2A)
Table of Contents
Long Title
Part I PRELIMINARY
1 Short title
2 Interpretation
Part II ESTABLISHMENT, INCORPORATION AND CONSTITUTION OF AUTHORITY
3 Establishment and incorporation of Accounting and Corporate Regulatory Authority
4 Common seal
5 Constitution of Authority
Part III FUNCTIONS AND POWERS OF AUTHORITY
6 Functions of Authority
7 Powers of Authority
8 Directions by Minister
9 Appointment of committees and delegation of powers
Part IV PROVISIONS RELATING TO STAFF
10 Chief Executive, officers and employees, etc.
11 Protection from personal liability
12 (Repealed)
Part V FINANCIAL PROVISIONS
13 Funds and property of Authority
14 Application of moneys
15 Bank accounts
16 Annual estimates
17 Power of investment
18 Grants-in-aids
19 Power to borrow
20 Issue of shares, etc.
21 Financial year
Part VI TRANSFER OF PROPERTY, ASSETS, LIABILITIES AND EMPLOYEES
22 Transfer to Authority of property, assets and liabilities
23 Transfer of employees
24 Service rights, etc., of transferred employees to be preserved
25 Existing contracts
26 Pending proceedings
27 Continuation and completion of disciplinary proceedings
28 Misconduct or neglect of duty by employee before transfer
Part VIA ELECTRONIC TRANSACTION SYSTEM, REGISTERED FILING AGENTS AND REGISTERED QUALIFIED INDIVIDUALS
28A Interpretation of this Part
28B Establishment of electronic transaction system
28C Requirement to use electronic transaction system and agents for use
28D Evidence of transaction on electronic transaction system
28E Electronic transaction system malfunction, errors and omissions
28F Registered filing agents
28G Registered qualified individuals
28H Appeal to Minister
28I Interest for non‑payment and recovery of financial penalty
28J Regulations for this Part
Part VII MISCELLANEOUS
29 (Repealed)
30 Symbol or representation of Authority
30A Use of name, etc., of Authority
30B False statements
31 Powers of enforcement
32 Offences committed by bodies corporate, etc.
33 Proceedings conducted by officers of Authority
34 Preservation of secrecy
35 Jurisdiction of District Court
36 Composition of offences
37 Amendment of Schedules
38 Rules
FIRST SCHEDULE Constitution and proceedings of Authority
SECOND SCHEDULE Written laws administered and enforced by Authority
THIRD SCHEDULE Repealed
FOURTH SCHEDULE Designated entities
FIFTH SCHEDULE Written laws under which transaction may be carried out using electronic transaction system
Legislative History
Comparative Table