s.49Details required for registration
49
Section 49Part 6 — Limited Partnerships

Details required for registration

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The registration of a limited partnership shall be effected by filing with the Registrar a declaration under the Voluntary Declarations Act (1998 Revision) by all the general partners containing —
the firm name;
the general nature of the business;
the registered office in the Islands;
the full name of each of the partners and their respective places of residence;
the term, if any, for which the partnership is entered into, and the date of its commencement;
a statement that the partnership is limited, and the description of every limited partner as such;
the amount of capital contributed by each limited partner; and
a statement that the sum referred to in paragraph (g) to have been contributed by each of the limited partners has been actually and in good faith paid in cash.
Every limited partnership shall have a registered office situate in the Islands for the service of process and to which all notices and communications may be addressed but a limited partnership which, at 10th January, 2013, the date of commencement of the Partnership (Amendment) Law, 2013 [Law 2 of 2013], is registered under this Part shall comply with this requirement within ninety days of that date.
The Registrar shall maintain a record of all limited partnerships registered under this Act, and all the statements filed in relation to such partnerships, which records and statements shall be kept open to public inspection.
A limited partnership shall be deemed not to have been formed until —
the declaration in subsection (1) has been filed with the Registrar; and
the information listed in the said declaration has been published in the Gazette.
The Registrar shall, on payment to that Registrar of a registration fee of eight hundred and fifty dollars, issue a certificate of registration under that Registrar's hand and seal of office as soon as the registration of a limited partnership has been effected.
A certificate issued under subsection (4) shall be conclusive evidence that compliance has been made with all the requirements of this Act in respect of registration.

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