Section 49Part 1 — Exempted Limited Partnership Act
Recovery of penalties
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Notwithstanding any provision of this Act which prescribes a specific per diem penalty in respect of a default of any obligation to make a filing, to serve a notice or to maintain a record set out in this Act the Registrar may, in any case where the aggregate per diem penalty has exceeded the amount of one thousand dollars and the Registrar is satisfied that the failure is not due to wilful default, accept payment of a penalty of one thousand dollars in lieu t hereof.
Without prejudice to the powers exercisable by the Registrar under this Act , all sums that the Registrar is entitled to recover by way of fees or penalties are recoverable either summarily as a civil debt, or as a simple contract debt, in any c ourt of competent jurisdiction. 50. Repeal of the Exempted Limited Partnership Law (2013 Revision) and savings 50 . ( 1 ) The Exempted Limited Partnership Law (2013 Revision) is repealed . ( 2 ) The repeal of the Exempted Partnership Law (2013 Revision) shall not affect any exempted limited partnership registered under the repealed Exempted Limited Partnership Law (2013 Revision) and a provision in any document referring to the repealed Exempted Limited Partnership Law (2013 Revision) or its revision sha ll, so far as may be necessary for preserving its effect, be construed as referring to the corresponding provision in this Act .