On 25/05/2013,
you requested for the version in force on 25/05/2013
incorporating all amendments published on or before 25/05/2013.
The closest version currently available is that of 06/03/2006.
23. Section 55 of the Accountants Act is repealed and the following section substituted therefor:
55.
—(1) Where —
(a)
the registration of a public accountant has been cancelled under Part V or VI and his name and particulars removed from the Register of Public Accountants; or
(b)
the approval granted to an accounting corporation, accounting firm or accounting LLP under Part IV is revoked under Part VI and its name and particulars removed from the Register of Public Accounting Corporations, the Register of Public Accounting Firms or the Register of Public Accounting Limited Liability Partnerships,
the public accountant, accounting corporation, accounting firm or accounting LLP concerned shall, if his or its appeal to the High Court is allowed, be immediately reinstated to the Register of Public Accountants, the Register of Public Accounting Corporations, the Register of Public Accounting Firms or the Register of Public Accounting Limited Liability Partnerships, as the case may be, without payment of any fee.
(2) The Oversight Committee may, in its discretion, after the expiration of not less than 2 years from the cancellation of the registration of any public accountant or the revocation of the approval granted under Part IV to an accounting corporation, accounting firm or accounting LLP, consider any fresh application for registration or approval by such public accountant, accounting corporation, accounting firm or accounting LLP.”.