Singapore legislation
Clause 119
Clause 119
Amendment of section 68
In the LLP Act, in section 68 —
replace subsection (2) with —“(2) The Registrar must not restore the name of the limited liability partnership to the register if the Registrar has reason to believe that —
if the name of the limited liability partnership is restored, the limited liability partnership is likely to be used for an unlawful purpose or for purposes prejudicial to public peace, welfare or good order in Singapore; or
it would be contrary to national security or interest for the name of the limited liability partnership to be restored.(2A) If the Registrar restores the name of the limited liability partnership to the register —
the restoration of the name of the limited liability partnership to the register takes effect on the date and at the time when the Registrar restores the name of the limited liability partnership to the register;
the Registrar must enter in the register a note of the date and time when the restoration takes effect; and
the Registrar must cause notice of the restoration to be published in the Gazette and on the Authority’s website.”;
in subsection (3), replace “subsection (2)(b)(ii)” with “subsection (2A)(c)”;
in subsection (3)(c), replace “the date on which” with “the date and time when”;
in subsection (5)(b), replace “restore” with “order the Registrar to restore”; and
after subsection (5), insert —“(6) On the Registrar restoring the name of a limited liability partnership to the register on a date and at a time pursuant to an order by the General Division of the High Court under subsection (5)(b), the restoration takes effect on that date and at that time.(7) The Registrar must, starting on the date and time when the Registrar restores the name of a limited liability partnership to the register under subsection (2A) or pursuant to an order by the General Division of the High Court under subsection (5)(b), 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 is on the register.”.