PART I | 1. This Act may be cited as the Limited Partnerships Act. |
2.—(1) In this Act, unless the context otherwise requires —| “agreed contribution”, in relation to a limited partner, means any contribution (whether in the form of cash, property, services or otherwise) that the limited partner has agreed to make to the firm in his capacity as a partner; |
| “alternate address” means an alternate address maintained with the Registrar under section 18C that meets the requirements of that section; [Act 35 of 2014 wef 03/01/2016] |
| “Authority” means the Accounting and Corporate Regulatory Authority established under the Accounting and Corporate Regulatory Authority Act (Cap. 2A); |
| “business” includes every form of trade, commerce, craftsmanship, calling, profession and any activity carried on for the purposes of gain; |
| “business name” means the name or style under which any person carries on business; |
| “certificate of confirmation of registration” means a certificate issued under section 12(3); |
“corporation” means any body corporate formed or incorporated or existing in Singapore or outside Singapore and includes —| (a) | any limited liability partnership registered under the Limited Liability Partnerships Act (Cap. 163A); and | | (b) | any foreign company, |
| (i) | any corporation sole; | | (ii) | any co-operative society; or | | (iii) | any registered trade union; |
|
| “document” means any application, form, report, certification, notice, confirmation, declaration or other document to be filed or lodged with or submitted to the Registrar or, as the case may be, any certificate, notice or other document to be issued by the Registrar; |
“firm” means an unincorporated body of —| (a) | 2 or more individuals; | | (b) | one or more individuals and one or more corporations; or | | (c) | 2 or more corporations, |
| who have entered into partnership with one another with a view to carrying on business for profit; |
|
| “foreign company” has the same meaning as in section 4(1) of the Companies Act (Cap. 50); |
| “foreign firm” means any firm, individual or corporation whose principal place of business is situated outside Singapore; |
| “general partner” means any partner of a firm who is not a limited partner as defined in this Act; |
“identification” means —| (a) | in the case of an individual issued with an identity card under the National Registration Act (Cap. 201), the number of the individual’s identity card; and | | (b) | in the case of an individual not issued with an identity card under that Act, particulars of the individual’s passport or such other similar evidence of identity as is acceptable to the Registrar; [Act 35 of 2014 wef 03/01/2016] |
|
| “individual” means a natural person and includes an administrator, executor, a liquidator, trustee, or nominee of any person, guardian or committee having a direct control or management of any business but does not include a corporation; |
| “inspector” means a person authorised in writing by the Registrar to be an inspector for the purposes of this Act; |
| “limited partner”, in relation to a firm, means any partner who, under the terms of the partnership agreement, shall not be liable for the debts or obligations of the firm beyond the amount of his agreed contribution; |
| “notice of registration” means a notice of registration issued under section 12(2); |
| “person” includes any corporation, firm, foreign firm and individual; |
| [Deleted by Act 18 of 2014 wef 15/05/2015] |
| “register” means any register kept under or by virtue of this Act; |
| “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; |
| “residential address”, in relation to an individual, means the individual’s usual place of residence; [Act 35 of 2014 wef 03/01/2016] |
| “resultant firm”, in relation to a limited partnership that has ceased to be a limited partnership because no person remains registered as a limited partner of the limited partnership, means the resulting firm or sole-proprietorship comprising the remaining partners or partner of the former limited partnership. |
| (2) A person who has a place of business in Singapore shall be deemed to be carrying on business in Singapore for the purposes of this Act. |
| (3) For the purposes of sections 12(7), 13(2), 14(4), 17(5), 17A(9) and (10) and 20, any reference to the Minister includes a reference to the Minister of State for his Ministry who is authorised by the Minister for the purpose of hearing an appeal under that section. [Act 35 of 2014 wef 03/01/2016] [Delaware LP, §. 17-101(2); BR Act, s. 2(1) and (2); LLPA, s. 2(1); UK LPA, s. 3] |
|
|
