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bruneilawsby aturio
In forceAs enacted
Contents

11. Register of limited partners and their interests

( 1)

The general partner shall maintain or cause to be maintained at the registered office of the ILP a register of the names and addresses, amounts and dates of the contribution or contributions of each of the limited partners or the 905

BRUNEI DARUSSALAM GOVERNMENT GAZETTE amounts undertaken to be contributed and the amounts and dates of any payments representing a return of any part of the contribution of a partner.

fee

(2)

The register referred to in subsection (1) -

{a)

shall be updated within twenty-one days of any change in the particulars required to be entered in it;

{b) shall be prima facia evidence of the matters required by subsection

(1)

to be included in the register.

(3)

On written request made to an ILP and on payment of the prescribed

(i)

any partner, director or other offi.cer or liquidator of an ILP or the Authority;

(ii)

any other person with the written permission of such director, officer or liquidator; or

(iii)

any other person with the written permission of the Authority or the ILP Registrar, in either case with a cogent reason for inspection having been supplied by such person, may, personally or by an agent authorised in writing, inspect the register referred to in subsection ( 1) during business hours.

(4)

If there is a failure to comply with the requirements of this section, the general partner or, if more than one, each general partner shall be guilty of an offence and liable on conviction to a fine not exceeding two hundred and fifty dollars and to a further fine not exceeding one hundred dollars for each day after conviction on which the failure continues; and the general partner or, if more than one, the general partners jointly and severally shall be liable to indemnify any person who thereby suffers loss.

Report

Read on from s 12