Regulations
Open ↗41.—(1) The Minister may make regulations for carrying out the purposes and provisions of this Act.
(2) Without limiting subsection (1), the Minister may make regulations for or with respect to all or any of the following matters:(a)
the registration and regulation of foreign limited partnerships;
(b)
the powers and duties of the Registrar;
(c)
the forms for the purposes of this Act, including the form of registers to be kept and the places at which the registers are to be kept;
(d)
the translation of documents and records required for the purposes of this Act, and the authentication and lodgment of any such translation;
(e)
all matters connected with or arising from the restrictions as to the name which may be used by a limited partnership registered under this Act;
(f)
modifying the application of this Act or the Business Names Registration Act 2014 to a resultant firm during any period of suspension of the limited partnership under section 42(2);
(g)
regulating the disclosure of any information kept or maintained in any register under this Act and excluding any document relating to any class of limited partnerships from the operation of section 18B(1);
(h)
requiring any class of limited partnerships to maintain any information or records and regulating the access to the information or records, including requiring the limited partnership to provide access to the information or records for any class of persons;
(i)
the fees to be charged in respect of anything done under or by virtue of this Act, and the method of payment of the fees;
(j)
the persons or classes of persons who are to be exempted from the payment of any fee or part of a fee;
(k)
the penalties for the late lodgment of documents;
(l)
prescribing the offences which may be compounded under section 35;
(m)
the waiver, refund or remission, whether wholly or in part, of any fee or penalty chargeable under this Act;
(n)
prescribing all matters and things which are required or permitted to be prescribed, under or for the purposes of this Act.[29/2014; 35/2014]
(3) In this section, “foreign limited partnership” means a partnership formed, registered or incorporated outside Singapore in which the liability of some but not all of the partners is limited, and having such other features as may be prescribed by the Minister.
Registration under Business Names Registration Act 2014
Open ↗42.—(1) The Business Names Registration Act 2014 does not apply to any person carrying on business in Singapore as a limited partnership registered under this Act, except during any period when the registration of the limited partnership is suspended under this section.[29/2014]
(2) If a limited partnership registered under this Act ceases to be a limited partnership because no person remains registered under this Act as a limited partner of the limited partnership, the registration of the limited partnership under this Act must be suspended.
(3) If, upon a suspension pursuant to subsection (2), any person who is registered as a general partner of the limited partnership under this Act would be required to be registered under the Business Names Registration Act 2014 to carry on business under the name of the resultant firm, then with effect from the date of suspension —(a)
that person is deemed to be registered under the Business Names Registration Act 2014 as a person carrying on business under the name of the resultant firm; and
(b)
the name of the limited partnership registered under this Act is deemed to be registered as the name of the resultant firm under the Business Names Registration Act 2014.[29/2014]
(4) If, while the registration of the limited partnership under this Act is suspended, there are any changes in the resultant firm that cause the firm to satisfy the requirements of section 3(2) (relating to the constitution of a limited partnership), any general partner of the limited partnership may register those changes under section 18, and upon such registration —(a)
the registration of the persons carrying on business under the name of the resultant firm under the Business Names Registration Act 2014 ceases; and
(b)
the registration of a limited partnership under this Act is restored.[29/2014]
(5) If the name of the resultant firm does not comply with section 16(1) (Name of limited partnership), subsection (4)(a) and (b) does not operate in respect of the resultant firm unless and until a change in the name of the limited partnership has been registered under section 18 to comply with section 16(1).
(6) Upon the restoration of the registration of a limited partnership under subsection (4)(b), the Registrar must cause the particulars of the resultant firm as registered under the Business Names Registration Act 2014 immediately before the restoration, with the changes to the resultant firm registered pursuant to subsections (4) and (5), to be registered under this Act as the particulars of the limited partnership.[29/2014]
(7) This section applies subject to any modification that the Minister may prescribe.
Amendment of First and Second Schedules
Open ↗43. The Minister may, by order in the Gazette, amend the First and Second Schedules.
