Accountants Act · 2023 Revised Edition · Part · Accounting Corporations, Accounting Firms and Accounting Limited Liability Partnerships
23. Liability Partnership
Official textFrom Attorney General's Chambers, unchanged
The Authority shall not approve the name or proposed name, or any proposed change in the name, of an accounting corporation, accounting firm or accounting Limited Liability Partnership if he is of the opinion that the name or proposed name —
Authority
“Authority” means such person as is appointed by His Majesty the Sultan and Yang Di-Pertuan under section 3(1) to be the Authority for the purposes of this Act;
is undesirable; or
is a name of a kind that the Minister has directed the
Authority not to accept for registration.
Notwithstanding section 20 of the Companies Act (Chapter 39), an accounting corporation which is a limited company need not have the word “Limited” or “Berhad” as part of its name and an accounting corporation which is a private company need not have the word “Private” or
accounting corporation
“accounting corporation” means a company approved as an accounting corporation under section 20;
“Sendirian” as part of its name.
Every accounting corporation shall have either the words
“Public Accounting Corporation” as part of its name or the acronym “PAC”
at the end of its name, and no person, firm or company other than an approved accounting corporation shall have such words or acronym as part of or at the end of its name, as the case may be.
The name of an accounting corporation, accounting firm or accounting Limited Liability Partnership shall not be changed without the prior approval in writing of the Authority.
accounting firm
“accounting firm” means a firm approved as an accounting firm under section 21;
Notwithstanding anything in this section or in section 20 of the
Companies Act (Chapter 39), where the Authority is satisfied that the name of an accounting corporation, accounting firm or accounting Limited
Liability Partnership has been approved (whether through inadvertence or
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otherwise and whether originally or by change of name) in contravention of subsection (1), the Authority may direct the accounting corporation, accounting firm or accounting Limited Liability Partnership to change its name.
accounting limited liability partnership
“accounting limited liability partnership” means a limited liability partnership approved as an accounting limited liability partnership under section 22;
The accounting corporation, accounting firm or accounting
Limited Liability Partnership shall comply with the direction of the
Authority under subsection (5) within 6 weeks of the date of the direction or such longer period as the Authority may allow.
Terms defined in s 2
accounting corporation
Defined · s 2“accounting corporation” means a company approved as an accounting corporation under section 20;
accounting firm
Defined · s 2“accounting firm” means a firm approved as an accounting firm under section 21;
accounting limited liability partnership
Defined · s 2“accounting limited liability partnership” means a limited liability partnership approved as an accounting limited liability partnership under section 22;
Authority
Defined · s 2“Authority” means such person as is appointed by His Majesty the Sultan and Yang Di-Pertuan under section 3(1) to be the Authority for the purposes of this Act;
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Practice Monitoring Programme
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Disciplinary Proceedings
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