International Limited Partnership Order, 2000 · As enacted
14. Changes in registered particulars
Official textFrom Attorney General's Chambers, unchanged
Subject to subsection (2), if at any time during the continuance of an ILP any change is made or occurs in any of the matters specified in the statement .&led under section 13(1), then, within sixty days of the change, a statement in the prescribed form including, where a new partner is to be admitted an appropriate re-affirmation of the certificate of due diligence under subsection (2) signed on behalf of the trust corporation administering the ILP, specifying the nature of the change shall be filed with the ILP Registrar, accompanied by the prescribed fee.
ILP
"ILP" means an international limited partnership, within the meaning of section 4;
[2)
Where the statement required by subsection (1) is in respect of any arrangement or transaction in consequence of which any person will cease to be a general partner or whereby the partnership is dissolved or the statement shall be filed with the ILP Registrar within twenty-one days of the arrangement or transaction; and, until the statement is so filed, the arrangement or transaction shall be of no effect for the purposes of this Order or the partnership agreement.
general partner
"general partner" means a person who has been admitted to a partnership as a general partner in accordance with the partnership agreeinent and who is named as a general partner in the statement:&led with the ILP Registrar pursuant to section 13;
Where an ILP has incurred a debt or obligation, then, except with the written consent of any person affected thereby, no subsequent arrangement or 909
BRUNEI DARUSSALAM GOVERNMENT GAZETTE transaction shall take effect to the extent that it seeks to relieve or discharge a general partner form his obligations as a general partner with regard to that debt or obligation.
The ILP Registrar may refuse to accept any statement under subsection
ILP Registrar
"ILP Registrar" means such person as is appointed by His Majesty the Sultan and Yang Di-Pertuan as the Registrar of International Limited Partnerships for the purposes of this Order;
which specifies such a change in the name of the ILP as, in his opinion, would result in a contravention of section 5(2).
Terms defined in s 2
general partner
Defined · s 2"general partner" means a person who has been admitted to a partnership as a general partner in accordance with the partnership agreeinent and who is named as a general partner in the statement:&led with the ILP Registrar pursuant to section 13;
ILP
Defined · s 2"ILP" means an international limited partnership, within the meaning of section 4;
ILP Registrar
Defined · s 2"ILP Registrar" means such person as is appointed by His Majesty the Sultan and Yang Di-Pertuan as the Registrar of International Limited Partnerships for the purposes of this Order;
partnership agreement
Defined · s 2"partnership agreement" means a written agreement which is governed by the laws of Brunei Darussalam and which provides for the establishment of a partnership as an ILP and regulates the affairs of the partnership, the conduct of its business and the rights and obligations of the partners, and if such an agreement is amended at any time, the agreement as amended shall be the partnership agreement;