Page:Limited Partnerships Act 2008.pdf/22

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LIMITED PARTNERSHIPS
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(a) is made in good faith and in the ordinary course of the discharge of his duties; or
(b) has occurred or arisen as a result of any defect or breakdown in any electronic filing service or information service of the Authority or in any of the equipment used for such service,

and no court shall entertain any suit or other proceedings or damages in respect of any such matter.

PART IV
DUTIES, OFFENCES AND POWERS OF ENFORCEMENT

Publication of name

26.—(1) Every general partner of a limited partnership shall ensure that the invoices and official correspondence of the limited partnership bear the name and registration number of the limited partnership.

(2) Any person who contravenes subsection (1) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $1,000 and, in the case of a continuing offence, to a further fine not exceeding $200 for every day or part thereof during which the offence continues after conviction.

Accounts and audit

27.—(1) Every general partner of a limited partnership shall ensure that such accounting and other records as will sufficiently explain the transactions and financial position of the limited partnership are kept.

(2) The records referred to in subsection (1) shall be retained for a period of at least 5 years after the completion of the transactions or operations to which they respectively relate.

(3) The Registrar may, by notice in writing to any of the general partners of a limited partnership, require that person to produce the records referred to in subsection (1) for his inspection within such time and at such place as may be specified in that notice.

(4) Any person who contravenes subsection (1) or (2) shall be guilty of an offence and shall be liable on conviction—