Companies Act 2014
Provisions in relation to recognition by Supervisory Authority under section 930 | ||
931. (1) The Supervisory Authority may— | ||
(a) at the time of the grant of a recognition under section 930 , or | ||
(b) at any time during the currency of a recognition so granted, | ||
by notice in writing given to the body of accountants concerned, attach to the recognition such terms and conditions as it thinks necessary or expedient and specified in the notice. | ||
(2) The Supervisory Authority may, at any time during the currency of a recognition granted under section 930 , by notice in writing given to the body of accountants concerned, amend the recognition's terms or conditions or insert into it, or delete from it, other terms or conditions. | ||
(3) The Supervisory Authority may, at any time during its currency, by notice in writing given to the body of accountants concerned, revoke, or suspend for a specified period, a recognition granted under section 930 . | ||
(4) Where a disciplinary committee of a body of accountants recognised under section 930 has reasonable grounds for believing that a category 1 or 2 offence may have been committed by a person while the person was a member of the body, the body shall, as soon as possible, provide a report to the Director giving details of the alleged offence and shall furnish the Director with such further information in relation to the matter as the Director may require. | ||
(5) Where a body referred to in subsection (4) fails to comply with that subsection or a requirement of the Director under that subsection, it, and any officer of the body to whom the failure is attributable, shall be guilty of a category 3 offence. |