Limited Partnerships Act 2008 · 2020 Revised Edition · Part 3 · Registration of Limited Partnerships
19. Cessation of business
Feedback & supportLast amended by an amending law of 2014.
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.
business
“business” includes every form of trade, commerce, craftsmanship, calling, profession and any activity carried on for the purposes of gain;
Where any limited partnership registered under this Act has been dissolved, a general partner of the limited partnership must, 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.
general partner
“general partner” means any partner of a firm who is not a limited partner as defined in this Act;
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, the Registrar 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 of the notice, the registration of the limited partnership may be cancelled.
Registrar
“Registrar” means the Registrar of Limited Partnerships appointed under section 9 and includes any Deputy Registrar or Assistant Registrar of Limited Partnerships appointed under that section;
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 mentioned in subsection (3) receive an answer showing cause to the contrary,the Registrar may cancel the registration of that limited partnership.
The Registrar must, by notification in the Gazette, publish such particulars as he or she thinks fit in respect of any limited partnership the registration of which has been cancelled under this section.
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 is deemed to be cancelled.