s 7B A body corporate providing professional engineering services, architectural consultancy services and/or quantity surveying services
(1) Where a body corporate carries on a practice of providing professional engineering services, architectural consultancy services and/or quantity surveying services, the Board may, subject to such conditions or restrictions as it may deem fit to impose, register that part of the practice providing professional engineering services. (2) The body corporate that applies for registration under subsection (1) must be incorporated under the Companies Act 1965 and— (a) has a board of directors comprising Professional Engineers, Professional Architects and/or registered Quantity Surveyors; (b) has shares held by the persons mentioned in paragraph (a) and any of the following persons and/or bodies corporate where— (i) the Professional Engineers, Professional Architects, registered Quantity Surveyors, bodies corporate providing professional engineering services, bodies corporate providing architectural consultancy services and/or bodies corporate practising as consulting Quantity Surveyors hold a minimum combined share of 70% of the overall equity of that body corporate, of which the Professional Engineers and/or bodies corporate providing professional engineering services hold a minimum share of 10%; and (ii) any other persons, including persons belonging to a profession allied to engineering, architecture or quantity surveying, being a profession approved in writing by the board regulating the profession of engineering, architecture or quantity surveying, respectively, hold a maximum share of 30%, of the overall equity of the body corporate; and (c) has a minimum paid-up capital which shall be an amount to be determined by the Minister. (3) Notwithstanding paragraph 7A(5)(b), where in a body corporate registered under subsection (1)— (a) the minimum shareholdings of a Professional Engineer and/or body corporate providing professional engineering services is less than the percentage stipulated in subparagraph (2)(b)(i); or (b) the minimum combined shareholdings of a Professional Engineer, Professional Architect, registered Quantity Surveyor, body corporate providing professional engineering services, body corporate providing architectural consultancy services and/or body corporate practising as consulting Quantity Surveyors is less than the percentage stipulated in subparagraph (2)(b)(i), that body corporate shall, as soon as possible but not later than three months after such change in shareholdings or within any extended period of time as may be approved by the Board, increase the respective shareholdings so as to comply with the percentage as stipulated in subparagraph (2)(b)(i), and if that body corporate fails to do so within the stipulated time, the Board shall cancel its registration under this Act. (4) For the purposes of this Act, the body corporate shall, upon its registration, be deemed to be an Engineering consultancy practice.