PARTNERSHIP ACT 1958 - SECT 56 Changes in registered particulars

PARTNERSHIP ACT 1958 - SECT 56

S. 56(1) amended by No. 30/2003 s. 88(2).

    (1)     If any change occurs in relation to the registered particulars of a limited partnership, a statement setting out the changed particulars must be lodged with the Director within 7 days after the change occurred.

    (2)     The statement must be signed—

        (a)     by all the general partners, or by a general partner authorised by all the general partners for the purposes of this section; and

S. 56(2)(b) amended by No. 99/2003 s. 6(4).

        (b)     if the change relates to the admission of a limited partner or a change in the liability of a limited partner to contribute, by the limited partner concerned or, if that limited partner is a limited partnership, by all the general partners in that limited partnership or by a general partner in that limited partnership authorised by all the general partners in that limited partnership for the purposes of this section.

S. 56(3) amended by No. 30/2003 s. 88(2).

    (3)     The statement must be in the form approved by the Director and contain the particulars required by the regulations or the approved form of statement.

S. 56(4) amended by No. 30/2003 s. 88(2).

    (4)     If the statement is duly lodged, the Director must record the change in the Register as soon as possible, unless as a result of the change the partnership is not eligible to be registered as a limited partnership.

    (5)     If subsection (1) is not complied with, each general partner of the limited partnership is guilty of an offence.

Penalty:     10 penalty units.

S. 57 inserted by No. 43/1992 s. 5.