Page:Limited Partnerships Act 2008.pdf/32

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LIMITED PARTNERSHIPS
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under this Act, except during any period when the registration of the limited partnership is suspended under this section.

(2) If a limited partnership registered under this Act ceases to be a limited partnership because no person remains registered under this Act as a limited partner of the limited partnership, the registration of the limited partnership under this Act shall be suspended.

(3) If upon a suspension pursuant to subsection (2), any person who is registered as a general partner of the limited partnership under this Act would be required to be registered under the Business Registration Act (Cap. 32) to carry on business under the name of the resultant firm, then with effect from the date of suspension—

(a) that person shall be deemed to be registered under the Business Registration Act as a person carrying on business under the name of the resultant firm; and
(b) the name of the limited partnership registered under this Act shall be deemed to be registered as the name of the resultant firm under the Business Registration Act.

(4) If, while the registration of the limited partnership under this Act is suspended, there are any changes in the resultant firm that cause the firm to satisfy the requirements of section 3(2) (relating to the constitution of a limited partnership), any general partner of the limited partnership may register those changes under section 18, and upon such registration—

(a) the registration of the persons carrying on business under the name of the resultant firm under the Business Registration Act shall cease; and
(b) the registration of a limited partnership under this Act shall be restored.

(5) If the name of the resultant firm does not comply with section 16(1) (Name of limited partnership), subsection (4)(a) and (b) shall not operate in respect of the resultant firm unless and until a change in the name of the limited partnership has been registered under section 18 to comply with section 16(1).

(6) Upon the restoration of the registration of a limited partnership under subsection (4)(b), the Registrar shall cause the particulars of the resultant firm as registered under the Business Registration Act immediately before the restoration, with the changes to the resultant firm