Cap. 281 Art. 5ADuty to provide information.

Every warrant holder shall give to the Board such information as the Board may reasonably require or as may be prescribed in directives issued by the Board under this Act, and shall give notice to the Board of any relevant change in any information previously given to it within fifteen days after the date on which the change occurs. accounting, who shall be appointed by the Minister in accordance with the provisions of this Act and shall hold office for such term not exceeding three years, and under such conditions as may be set out in their respective letter of appointment:

Provided that on the expiration of the term for which a person is appointed under this sub-article, he shall be eligible for re-appointment.

(2) The Board shall consist of:

(a) a chairman of recognised standing and experience in the accountancy and auditing profession;

(b) a member from a list of two nominated by the University of Malta from among the teaching staff of the Faculty or Faculties in which teaching of and research in the field of accountancy and auditing is organised;

(c) a senior official of the Ministry responsible for finance;

(d) two members from a list of four nominated by a recognised accountancy body; and

(e) two other members.

(3) The number of members present necessary to form a quorum shall be four, but, subject to the presence of a quorum, the Board may act notwithstanding any vacancy among its members.

(4) Save as aforesaid the Board may make its own rules and otherwise regulate its own procedure.

(5) The Minister may also designate a public officer to act as secretary to the Board, but the secretary shall not have a vote.

(6) In order to carry out its functions, the Board shall make use of such funds as the Minister may from time to time make available to it; as well as such funds as it may under regulations made under this Act collect as fees or otherwise.