Singapore legislation

Clause 41

of Limited Partnerships Bill

Clause 41

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 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 name which may be used by a limited partnership registered under this Act;

(f)

modifying the application of this Act or the Business Registration Act (Cap. 32) to a resultant firm during any period of suspension of the limited partnership under section 42(2);

(g)

regulating the disclosure of any information kept or maintained in any register under this Act and excluding any document relating to any class of limited partnerships from the operation of section 22(1);

(h)

requiring any class of limited partnerships to maintain any information or records and regulating the access to such information or records, including requiring the limited partnership to provide access to such information or records for any class of persons;

(i)

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;

(j)

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

(k)

the penalties for the late lodgment of documents;

(l)

prescribing the offences which may be compounded under section 35;

(m)

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

(3)

In this section, “foreign limited partnership” means a partnership formed, registered or incorporated outside Singapore in which the liability of some but not all of the partners is limited, and having such other features as may be prescribed by the Minister.