Section 39Part 1 — Exempted Limited Partnership Act
Annual return
←→ Navigate · Click subsection badges to collapse · Press ? for help
An exempted limited partnership shall, in January in every year, file with the Registrar a return signed by or on behalf of a general partner certifying that the exempted limited partnership has, during the prior calendar year, complied with section 10(1) and that there has been no breach of the declaration given in accordance with paragraph (f) of section 9(1) and pay to the Registrar an annual fee of the amount that the Cabinet shall, from time to time, by regulation prescribe.
The annual fee payable and the return due to be filed under subsection (1) shall be tendered at the same time.
An exempted limited partnership which fails to comply with subsection (1) shall —
where the annual fee is paid or the return is filed between 1st April and 30th June, incur a penalty of 33.33% of the annual fee;
where the annual fee and penalties are paid or the return is filed between 1st July and 30th September, incur a penalty 66.67% of the annual fee; and
where the annual fee and penalties are paid or the return is filed between 1st October and 31st December, incur a penalty 100% of the annual fee.
A penalty specified in sub section (3) shall be a debt due to the Registrar.