8. Partnership for professional practice
8. Partnership for professional practice
A limited liability partnership may be formed for the purpose of carrying on a professional practice which partners shall-
(a) consist of natural persons who are practising the same professional practice and no one else; and
(b) have in force professional indemnity insurance cover for an amount of not less than the amount-
(i) approved by the Registrar; or
(ii) in the case where the professional practice is governed by a governing body as specified under the third column of the First schedule, approved by the Registrar after consultation with the governing body.
