THE COMPANIES’ BILL

Poverty Bay Herald, Volume LX, Issue 18253, 23 November 1933, Page 4

THE COMPANIES’ BILL

AMENDMENTS PROPOSED AUDITING REQUIREMENTS SHARE-HAWKING CONTROL (Per Press Association.) WELLINGTON, last night. The amendments to tho Companies’ Bill proposed by the Minister of Finance were circulated in the House to-night. The first deals with recognition of accountant societies. Under the original clause the only persons who could act as auditors were members either of I,ho New Zealand Society of Accountants (Inc.), the Institute of Accountants of New Zealand, or the New Zealand Ac-, (militants and Auditors’ Association (Inc.). According to the amendment, up person shall bo qualified to act as an auditor unless lie is a member of the New Zealand Society of Accountants, but a further qualifying sub-clause has been added that, for the purpose of avoiding undue hardship, the council of the New Zealand Society of Accountants shall admit to membership without fee every member of the Incorporated Institute ol Accountants of New Zealand, or of the New Zealand Accountants and Auditors Association (Inc.), or of the Certified Accountants’ Association of New Zealand (Inc.), who applies for admission before March 31 next. • NEED FOR CAUTION' ' ■

'L'lio Minister's second amendment deals with the question ■of share-hawking. Where the original clause forbade house-to-house offering of shares, two exceptions are now provided for. A man may offer shares from house to houscjjwieie I