A 4
[Subsidiary]
Forms.
L.N. 20/70.
L.N. 211/76. Form 1,
Exemption from
requirement to
deliver
accountant's
report.
L.N. 20/70.
L.N. 211/76.
(Cap. 159, sub. leg.)
Initial account-
ing periods. L.N. 20/70.
CAP. 159]
Accountant's Report Rules
[1976 Ed.
5. All accountant's reports delivered by a solicitor under these rules shall be in accordance with Form I in the Schedule.
Council
6. The Committee will in each practice year be satisfied that the delivery of an accountant's report is unnecessary, and shall not require evidence of that fact, in the case of any solicitor who-
(a) holds his first current practising certificate; or
(b) after having for 12 months or more ceased to hold a current practising certificate, holds his next current practising certificate; or
(c) holds a current practising certificate after having, in the declaration lodged by him with the Society to lead to the issue of that practising certificate, declared that either-
(i) the Solicitors' Accounts Rules did not apply to him because he had not, during the period to which such declaration referred, practised on his own account either alone or in partnership or held or received client's money; or
(ii) he was exempt from complying with the Solicitors' Accounts Rules by virtue of holding one of the offices to which section 75 of the Ordinance applies and had not, during the period to which such declaration referred, engaged in private practice; or
(d) has ceased to hold a current practising certificate and, if he has at any time after the date of the commencement of these rules held or received client's money, has delivered an accountant's report covering an accounting period ending on the date upon which he ceased to hold or receive client's money; or
(e) has at no time since the date of the commencement of these rules held a current practising certificate or held or received client's money.
7. The accounting period specified in an accountant's report delivered during the practice year beginning on the date of the commencement of these rules shall begin on-
(a) the date to which the solicitor's books were last made up before the date of the commencement of these rules; or
(b) if the books were not made up during the practice year beginning on the date of the commencement of these rules, either the date of the commencement of these rules, or the day upon which the solicitor first began or began again to hold or receive client's money, whichever is the later,
and shall cover not less than 6 months, or, in the case of a solicitor retiring from practice who has ceased to hold or receive client's money after the day before the date of the commencement of these rules, the period up to the date upon which he so ceased.
A 4
[Subsidiary]
Forms.
L.N. 20/70.
L.N. 211/76. Form 1,
Exemption from
requirement to
deliver
accountant's
report.
L.N. 20/70.
L.N. 211/76.
(Cap. 159, sub. leg.)
Initial account-
ing periods. L.N. 20/70.
CAP. 159]
Accountant's Report Rules
[1976 Ed.
5. All accountant's reports delivered by a solicitor under these rules shall be in accordance with Form I in the Schedule.
Council
6. The Committee will in each practice year be satisfied that the delivery of an accountant's report is unnecessary, and shall not require evidence of that fact, in the case of any solicitor who-
(a) holds his first current practising certificate; or
(b) after having for 12 months or more ceased to hold a current practising certificate, holds his next current prac- tising certificate; or
(c) holds a current practising certificate after having, in the declaration lodged by him with the Society to lead to the issue of that practising certificate, declared that either-
(i) the Solicitors' Accounts Rules did not apply to him because he had not, during the period to which such declaration referred, practised on his own account either alone or in partnership or held or received client's money; or
(ii) he was exempt from complying with the Solicitors" Accounts Rules by virtue of holding one of the offices to which section 75 of the Ordinance applies and had not, during the period to which such declaration referred, engaged in private practice; or
(d) has ceased to hold a current practising certificate and, if he has at any time after the date of the commencement of these rules held or received client's money, has delivered an accountant's report covering an accounting period ending on the date upon which he ceased to hold or receive client's money; or
(e) has at no time since the date of the commencement of
these rules held a current practising certificate or held or received client's money.
7. The accounting period specified in an accountant's report delivered during the practice year beginning on the date of the commencement of these rules shall begin on-
(a) the date to which the solicitor's books were last made up
before the date of the commencement of these rules; or
(b) if the books were not made up during the practice year beginning on the date of the commencement of these rules, either the date of the commencement of these rules, or the day upon which the solicitor first began or began again to hold or receive client's money, whichever is the later,
and shall cover not less than 6 months, or, in the case of a solicitor retiring from practice who has ceased to hold or receive client's money after the day before the date of the commencement of these rules, the period up to the date upon which he so ceased.
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