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No. S 87

Accountants Act

(Chapter 2A)

Institute of Certified Public Accountants of Singapore (Amendment) Rules 2001

In exercise of the powers conferred by section 47 of the Accountants Act, the Council of the Institute of Certified Public Accountants of Singapore, with the approval of the Minister for Finance, hereby makes the following Rules:

Citation and commencement

1. These Rules may be cited as the Institute of Certified Public Accountants of Singapore (Amendment) Rules 2001 and shall come into operation on 19th February 2001.

Amendment of rule 9

2. Rule 9 of the Institute of Certified Public Accountants of Singapore Rules (R 2) (referred to in these Rules as the principal Rules) is amended by deleting the word “may” wherever it appears in paragraphs (1) and (2) and substituting in each case the word “shall”.

Amendment of rule 13

3. Rule 13 (1) of the principal Rules is amended by deleting the words “35 days” and substituting the words “42 days”.

Amendment of rule 17

4. Rule 17(2) of the principal Rules is amended by deleting the words “, if any” and substituting the words “(if any) and whether any disciplinary action in the 5 years preceding his nomination has been taken against the candidate under rule 7 of the Institute of Certified Public Accountants of Singapore (Membership and Fees) Rules (R 3)”.

Amendment of rule 18

5. Rule 18 of the principal Rules is amended —

(a)

by deleting paragraph (2) and substituting the following paragraph:

“(2) A member may —

(a)	post or deliver the envelope referred to in paragraph (1)(b) to the Institute to reach the Institute not later than the close of business on the last working day before the annual general meeting (referred to in these Rules as the postal ballot papers); or
(b)	personally place the envelope referred to in paragraph (1)(b) in the ballot box provided at the place of the annual general meeting not later than the time specified for the close of voting at the meeting.”; and

(b)

by inserting, immediately after paragraph (3), the following paragraphs:

“(4) The ballot box containing the postal ballot papers shall be sealed at the close of business of the last working day before the annual general meeting.

(5) In this rule, “working day” means any day from Monday to Friday which is not a public holiday.”.

Amendment of rule 20

6. Rule 20 of the principal Rules is amended by deleting paragraph (1) and substituting the following paragraph:

“(1) On the day of the annual general meeting, the scrutineers shall —

(a)	unseal every ballot box containing the postal ballot papers referred to in rule 18 (2)(a) and examine the postal ballot papers; and
(b)	as soon as practicable after voting has closed, examine the ballot papers received on the day of the annual general meeting,

to ascertain whether rule 18 (1)(b) has been complied with and count the valid ballot papers.”.

Amendment of rule 31

7. Rule 31 (2) of the principal Rules is amended by inserting, immediately after the word “member”, the words “, other than the proxy holder,”.

Made this 15th day of February 2001.

TAN BOEN ENG

Chairman,
Council of the Institute of Certified Public Accountants of Singapore.

[F55.1.002 Vol.5; AG/LEG/SL/2A/1998/1 Vol. 1]