2015
PcmJc
No.1
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/\ccm;)ITANTS AND AT'DITORS AMECJDMENT
"3 Constituent bodies
(1) The bodies specifiecl-
(a)
in Part I of the Second Schedule are principal constituent
bodies; and
(b)
in Part II of the Second Schedule are associate constituent
bodies.
(2) The Minister may, on the recommendation of the Board(a)
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declare that any body of persons established in Zimbabwe
to advance the interests of(i)
public accountants or public auditors shall be a p1incipal
constituent body; or
(ii)
general accountants or tax accountants shall be an
associate constituent body;
(b)
declare that any constituent body whose standards have, or
membership has, fallen to a level which, in the opinion of
the Board, no longer justifies its continued existence as a
constituent body, shall cease to be a constituent body;
(c)
amend the Second Schedule by notice in a statutory
instrument(i)
to give effect to a declaration in terms of paragraph
(a) or (b) by adding to or deleting from the Schedule
the name of the constituent body concerned; or
(ii)
change the name of a constituent body at the request
of such body communicated in writing through the
Board.".
Amendment of section 5 of Cap. 27:12
Section 5 ("Functions of Board")( 1) of the principal Act is amended by the repeal
of subsection (b) and the substitution of" (b) to maintain the Registers;".
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New section substituted for section 6 of
27:12
(1) Section 6 of the principal Act is repealed and lbe following section sub-
stituted-
"6 Membership of Board
(1) TheBoardshallconsisl of members appointed by tile constituent
bodies in terms of this section.
(2) Subject to subsection (3) ,each principal constituent body shall
appoint two persons, and each associate constituent body shall appoint
one person. who are qualified for membership in lcnns
section 7.
or
(3) The membership of the Board must reliect a ratio of three
members appointed by principal constituent bodies for every two members
appointed by associate constituent bodies: to that end-~(a)
the secretary of the Board may disallow any nomination or
invite any additional nomination t.o maintain that ratio, but
in so doing the Secn:tary must ensure that every con<stituenl
body is represented on the Bomcl:
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