Limited Liability Partnerships (Amendment) Regulations 2024

Status:

Published in Subsidiary Legislation Supplement
on 22 Jul 2024

No. S 605

Limited Liability Partnerships Act 2005

Limited Liability Partnerships
(Amendment) Regulations 2024

In exercise of the powers conferred by section 90 of the Limited Liability Partnerships Act 2005, the Minister for Finance makes the following Regulations:

Citation and commencement

1. These Regulations are the Limited Liability Partnerships (Amendment) Regulations 2024 and come into operation on 23 July 2024.

New regulation 15C

2. In the Limited Liability Partnerships Regulations (Rg 1), in Part III, after regulation 15B, insert —

“Circumstances for Registrar’s consideration under section 63 of Act

15C. For the purposes of section 63(1) of the Act, the circumstances which the Registrar may take into consideration in determining whether there is reasonable cause to believe that a limited liability partnership is not carrying on business or is not in operation include the following:

(a)	the limited liability partnership has failed to lodge its annual declaration as required under section 30 of the Act;
(b)	the limited liability partnership has failed to respond to any correspondence sent by the Registrar by registered post, where a response is required;
(c)	mail sent by the Registrar to the registered office of the limited liability partnership is returned undelivered;
(d)	credible information has been received by the Registrar indicating that the limited liability partnership is not carrying on business or is not in operation;
(e)	none of the locally resident managers of the limited liability partnership can be contacted or located by the Registrar after the Registrar has taken reasonable efforts to do so;
(f)	the sole manager or the last remaining locally resident manager of the limited liability partnership, shown in the register kept under section 19 of the Act, is dead or is disqualified from acting as a manager under the Act.”.

[G.N. Nos. S 719/2011; S 400/2013; S 282/2015; S 842/2015; S 121/2017; S 335/2018; S 28/2022; S 238/2022]

Made on 18 July 2024.

LAI CHUNG HAN

Permanent Secretary (Development),
Ministry of Finance,
Singapore.

[F014.013.2853.V1; AG/LEGIS/SL/163A/2020/6]

Search within Legislation