(1) Insert the following heading to section 14 of the Principal Act—
"Approval of a company" .
(2) For section 14(1) of the Principal Act substitute —
"(1) The Board may approve a company for the purposes of this Act if satisfied that—
(a) the constitution of the company provides that one of the purposes of the company is the practise of architecture; and
(b) at least one director is an architect who is covered by the required insurance.".
(3) Section 14(2) of the Principal Act is repealed .