Singapore legislation

Clause 23

of Limited Liability Partnerships Bill

Clause 23

Manager

(1)

Every limited liability partnership shall ensure that it has at least one manager who is a natural person of full age and capacity and who is ordinarily resident in Singapore.

(2)

Every limited liability partnership shall ensure that the particulars of every person who acts as manager of the limited liability partnership and his consent to act as such are lodged with the Registrar in such medium and form as the Registrar may determine.

(3)

A manager shall be —

(a)

answerable for the doing of all acts, matters and things, as are required to be done by the limited liability partnership under sections 24, 27 and 28; and

(b)

personally liable to all penalties imposed on the limited liability partnership for any contravention of those sections unless he satisfies the court hearing the matter that he should not be so liable.

(4)

If a limited liability partnership contravenes subsection (1), the limited liability partnership and every partner of the limited liability partnership shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $5,000 and, in the case of a continuing offence, to a further fine not exceeding $200 for every day or part thereof during which the offence continues after conviction.

(5)

Any limited liability partnership which contravenes subsection (2) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $5,000 and, in the case of a continuing offence, to a further fine not exceeding $200 for every day or part thereof during which the offence continues after conviction.