C-48.1, r. 6 - Code of ethics of chartered professional accountants

Section 13 Disposition versions

2012-09-01

13. Notwithstanding section 12, a member is authorized to practise his profession within a partnership or company in which a person contemplated in paragraph 3 of section 12 is struck off the roll of his professional order or the equivalent, or has his professional permit revoked, provided the following conditions are satisfied:

(1)  the said person ceases to be a director or officer of the partnership or company within 10 days from the date on which the penalty or measure imposed becomes executory or within any other additional timeframe authorized by the board of directors;

(2)  the said person ceases to attend all shareholder meetings and to exercise, directly or indirectly, his right to vote within 10 days from the date on which the penalty or measure imposed becomes executory or within any other additional timeframe authorized by the board of directors;

(3)  the said person disposes of his partnership or company shares with voting rights within 180 days from the date on which the penalty or measure imposed becomes executory or within any other additional timeframe authorized by the board of directors.

O.C. 58-2003, s. 13.