Singapore legislation

Clause 56

Regulations

(1)

The Minister may make regulations for carrying out the purposes and provisions of this Act.

(2)

Without prejudice to the generality of subsection (1), the Minister may make regulations for or with respect to all or any of the following matters:

(a)

the registration and regulation of foreign limited liability partnerships;

(b)

the powers and duties of the Registrar; (c)the forms for the purposes of this Act, including the form of registers to be kept and the places at which the registers are to be kept;

(d)

the translation of documents and records required for the purposes of this Act, and the authentication and lodgment of any such translation;

(e)

all matters connected with or arising from the restrictions as to the business name which may be used by a limited liability partnership registered under this Act;

(f)

the fees to be charged in respect of anything done under or by virtue of this Act, and the method of payment of such fees;

(g)

the persons or classes of persons who are to be exempted from the payment of any fee or part thereof;

(h)

the penalties for the late lodgment of documents;

(i)

prescribing all matters and things which are required or permitted to be prescribed otherwise than by rules, under or for the purposes of this Act.

(3)

The Minister may, in making any regulations, provide that any contravention of, or failure or neglect to comply with, any provision of the regulations or any directive issued by the Registrar pursuant to the regulations shall be an offence punishable with a fine not exceeding $5,000 or with imprisonment for a term not exceeding 12 months or with both and, in the case of a continuing offence, with a further fine not exceeding $200 for every day or part thereof during which the offence continues after conviction.

(4)

In this section, “foreign limited liability partnership” means a partnership formed, registered or incorporated outside Singapore in which the liability of the partners is limited, and having such other features as may be prescribed by the Minister.

Read in full context — Limited Liability Partnerships Bill →