Section 29Part 1 — Exempted Limited Partnership Act
Re gister of limited partnership interests
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Subject to subsection
the general partner shall maintain or cause to be maintained in the country or territory that the general partner may determine a register of limited partners which shall contain the name and address of each person who is a limited partner of the exempted limited partnership, the date on which a person became a limited partner and the date on which a person ceased to be a limited partner, and the register shall be updated within twent y - one days of the date of any change in the particulars therein. ( 2 ) The general partner shall maintain or cause to be maintained at the registered office of the exempted limited partnership a record of the address at which the register of limited partners is maintained, which record shall be updated within twenty - one days of the date of any change in the particulars therein.
The register of limited partners and the record of the address at which the register of limited partners is maintained shall be o pen to inspection during all usual business hours in the place where the register or record is maintained by —
subject to any express or implied term of the partnership agreement, all partners; and
any other person with the consent of the general p artner. Section 30 Exempted Limited Partnership Act (2025 Rev ision)
The register of limited partners shall be prima facie evidence of the matters which are directed by this Act to be inserted therein.
Where the register of limited partners is kept at a place other than the registered office of the exempted limited partnership, the general partner shall make available at the registered office, in electronic form or any other medium, the register of limit ed partners upon service of an order or notice by the Tax Information Authority pursuant to the Tax Information Authority Act (2021 Revision).
A person who, being a general partner, defaults in complying with subsection (1) or (2), commits an offence a nd is liable on summary conviction to a fine of ten thousand dollars for each day that the default continues and shall indemnify any person who thereby suffers any loss.
A person who, being a general partner, defaults in complying with an order or noti ce under subsection (5) without reasonable excuse, shall incur a penalty of five hundred dollars and a further penalty of one hundred dollars for every day during which that non - compliance continues.