Singapore legislation
Clause 20
Clause 20
Amendment of section 73
Section 73 of the principal Act is amended —
by deleting the word “Every” in subsection (1) and substituting the words “Subject to subsection (1A), every”;
by inserting, immediately after subsection (1), the following subsection:“(1A) A solicitor shall not be required to deliver an accountant’s report under subsection (1) in respect of any practice of Singapore law by him in a Joint Law Venture or its constituent foreign law practice, a Qualifying Foreign Law Practice or a licensed foreign law practice.”;
by deleting the words “The accountant’s report” in subsection (2) and substituting the words “If a solicitor practised in a Singapore law practice during such accounting period as may be specified in the accountant’s report to be delivered by him, the report”;
by deleting the words “the solicitor or his firm or the law corporation or the limited liability law partnership” in subsection (2)(a) and (b) and substituting in each case the words “the Singapore law practice”;
by deleting the words “such accounting period as may be specified in the report” in subsection (2)(a) and substituting the words “the said accounting period”;
by deleting the words “accounting period specified in the report” in subsection (2)(e) and substituting the words “said accounting period”;
by deleting the words “the solicitor or his firm or the law corporation or the limited liability law partnership” in subsection (3)(d) and substituting the words “the Singapore law practice in which the solicitor practised”; and
by deleting paragraph (b) of subsection (4) and substituting the following paragraph:“(b)the nature and extent of the examination to be made by an accountant, with a view to the signing of an accountant’s report to be delivered by a solicitor, of —
the books and accounts of the Singapore law practice in which the solicitor practised; and
any other relevant documents.”.