Singapore legislation
Clause 115
Clause 115
Amendment of section 64
In the LLP Act, in section 64 —
replace subsections (3), (4), (5) and (6) with —“(3) Upon receipt of the application, the Registrar must, if satisfied that the grounds and conditions (if any) mentioned in subsection (1) have been satisfied, publish in the Gazette, and send to the limited liability partnership and its partners and managers, a notice —
stating that the Registrar intends to exercise the power under this section in relation to the limited liability partnership; and
inviting any person to show cause why that should not be done within such period as may be prescribed.(4) The Registrar must not strike the name of a limited liability partnership off the register under this section until after the expiry of 60 days after the publication by the Registrar in the Gazette of the notice mentioned in subsection (3).(5) If no person shows cause or sufficient cause within the period mentioned in subsection (3)(b) why the name of the limited liability partnership should not be struck off the register, the Registrar must strike the name of the limited liability partnership off the register.(6) The limited liability partnership is dissolved on the date and at the time when the Registrar strikes the name of the limited liability partnership off the register.(6A) After the Registrar strikes the name of the limited liability partnership off the register, the Registrar must —
publish a notice in the Gazette of the fact that the name of the limited liability partnership has been struck off the register, and the date and time when the name of the limited liability partnership has been struck off the register; and
starting on the date and time when the Registrar strikes the name of the limited liability partnership off the register, ensure that any person who obtains any information on the limited liability partnership using the electronic transaction system is also informed that the name of the limited liability partnership has been struck off the register.”; and
in subsection (8)(b), replace “subsections (4) and (5)” with “subsections (3) and (6A)(a)”.