Singapore legislation
Clause 19
Clause 19
Cessation of business
(1)
Where any limited partnership registered under this Act has ceased to carry on business, a general partner of the limited partnership may lodge with the Registrar a notice in such form as the Registrar may determine notifying the Registrar that the limited partnership has ceased to carry on business.
(2)
Where any limited partnership registered under this Act has been dissolved, a general partner of the limited partnership shall, within 14 days of the dissolution, lodge with the Registrar a notice in such form as the Registrar may determine notifying the Registrar that the limited partnership has been dissolved.
(3)
Where the Registrar has reasonable cause to believe that any limited partnership registered under this Act is not carrying on business or has been dissolved, he may send to the limited partnership and all the general partners a notice to the effect that if an answer showing cause to the contrary is not received within one month from the date thereof, the registration of the limited partnership may be cancelled and the name of the limited partnership removed from the register.
(4)
If the Registrar —
receives an answer from any general partner in respect of the limited partnership to the effect that the limited partnership is not carrying on business or has been dissolved; or
does not within one month after sending the notice referred to in subsection (3) receive an answer showing cause to the contrary,he may cancel the registration of that limited partnership and remove the name of the limited partnership from the register.
(5)
The Registrar shall, by notification in the Gazette, publish such particulars as he thinks fit in respect of any limited partnership the registration of which has been cancelled under this section.
(6)
Where the registration of a limited partnership is cancelled under this section, any certificate or notice pertaining to the registration of that limited partnership under this Act shall be deemed to be cancelled.