M 6
CAP. 159]
Solicitors (Professional Indemnity) Rules
[Subsidiary]
[1989 Ed.
pursuant to paragraph (a) into categories of business and the form of such certificate and the categories of business into which such gross fee income is to be apportioned shall be as determined by the Council from time to time; and
(c) such other information in connection with the Practice made up to 31 July (or such other date as may be prescribed by the Council) in the same indemnity period as may be required by the Company for the purpose of assessing the contributions payable by that Practice.
(2) Production with the approval of the Council of a certified public accountant's certificate of gross fee income for a period other than the immediately preceding accounting year of the Practice, in accordance with subrule (1)(a), shall not relieve any principal thereof of his obligation to produce to the Company a certificate in respect of the immediately preceding accounting year of the Practice and such certificate, when available, shall be produced immediately on demand by the Society or the Company.
(3) If a principal in a Practice supplies particulars of the gross fee income of the Practice, an apportionment thereof and the other information in connection with the Practice in accordance with subrule (1) or (2), the other principals in the same Practice shall not in addition be required to supply such particulars, apportionment or information.
(4) Subject to subrule (3), if such principal referred to in subrule (1) fails to show reasonable cause for not supplying particulars of the gross fee income of the Practice or an apportionment thereof or the other information in connection with the Practice, in accordance with subrule (1) or (2)——
(a) such failure shall be an event of professional misconduct on the part of such principal and the other principal or principals in such Practice as at the date of such failure; and
(b) without prejudice to any other power or remedy of the Society, the Council may apply to the Court for an order compelling such principal or each of the other principals in the Practice to show reasonable cause why they should not supply such particulars, apportionment and information.
9. Receipt
Upon receipt of the initial contribution due in accordance with the provisions of Schedule 1, the Company shall issue a receipt in respect of the relevant Practice and indemnity period or part of the indemnity period.
10. Entitlement to Indemnity
(1) Upon issue of the receipt referred to in rule 9, the indemnified shall be entitled to be provided severally with Indemnity out of the fund in the manner
Page 1
M 6
CAP. 159]
Solicitors (Professional Indemnity) Rules
[Subsidiary]
[1989 Ed.
pursuant to paragraph (a) into categories of business and the form of such certificate and the categories of business into which such gross fee income is to be apportioned shall be as determined by the Council from time to time; and
(c) such other information in connection with the Practice made up to 31 July (or such other date as may be prescribed by the Council) in the same indemnity period as may be required by the Company for the purpose of assessing the contributions payable by that Practice.
(2) Production with the approval of the Council of a certified public accountant's certificate of gross fee income for a period other than the immediately preceding accounting year of the Practice, in accordance with subrule (1)(a), shall not relieve any principal thereof of his obligation to produce to the Company a certificate in respect of the immediately preceding accounting year of the Practice and such certificate, when available, shall be produced immediately on demand by the Society or the Company.
(3) If a principal in a Practice supplies particulars of the gross fee in- come of the Practice, an apportionment thereof and the other information in connection with the Practice in accordance with subrule (1) or (2), the other principals in the same Practice shall not in addition be required to supply such particulars, apportionment or information.
(4) Subject to subrule (3), if such principal referred to in subrule (1) fails to show reasonable cause for not supplying particulars of the gross fee income of the Practice or an apportionment thereof or the other information in con- nection with the Practice, in accordance with subrule (1) or (2)——
(a) such failure shall be an event of professional misconduct on the part of such principal and the other principal or principals in such Practice as at the date of such failure; and
(b) without prejudice to any other power or remedy of the Society, the Council may apply to the Court for an order compelling such principal or each of the other principals in the Practice to show reasonable cause why they should not supply such particulars, apportionment and information.
9. Receipt
Upon receipt of the initial contribution due in accordance with the provisions of Schedule 1, the Company shall issue a receipt in respect of the relevant Practice and indemnity period or part of the indemnity period.
10. Entitlement to Indemnity
(1) Upon issue of the receipt referred to in rule 9, the indemnified shall be entitled to be provided severally with Indemnity out of the fund in the manner
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