Section 51Part 1 — Exempted Limited Partnership Act
Validation of the Exempted Limited Partnership Regulations,
←→ Navigate · Click subsection badges to collapse · Press ? for help
The purpose of this section is to remedy certain defects in the Exempted Limited Partnership Regulations, 2014 which were purported to be made in accordance with section 48 of the Exempted Limited Partnership Act, 2014 .
Section 48 of the Exempted Limited Partnership Act, 2014 provided for the making of regulations by the Cabinet in respect of exempted limited partnerships but the Exempted Limited Partnership Regulations, 2014 also provided for foreign limited partnerships. Section 52 Exempted Limited Partnership Act (2025 Rev ision)
The defect under subsection (2) makes regulations 2, 5 and 6 and Schedul es 1, 4 and 5 of the Exempted Limited Partnership Regulations, 2014 inconsistent with the Exempted Limited Partnership Act, 2014 to the extent that those regulations and Schedules provided for matters concerning foreign limited partnerships without statuto ry authority.
Notwithstanding the inconsistency referred to in subsection (3), during the specified period —
the fees paid without statutory authority to the Registrar in respect of foreign limited partnerships; and
any forms for a translation certificate submitted in respect of foreign limited partnerships, are validated and deemed to have been paid or submitted, as applicable, in accordance with the Exempted Limited Partnership Act, 2014 .
For the purposes of this section —
“ specified period ” means the period commencing on 2nd July, 2014, which is the date of the commencement of the Exempted Limited Partnership Act, 2014 , and ending on 1st January, 2025 , the commencement date of the Exempted Limited Partn ership (Amendment and Validation) Act, 2024 [Act 13 of 2024] ; and
references to the Exempted Limited Partnership Act, 2014 and the Exempted Limited Partnership Regulations, 2014 include any amended or revised versions of that Act and those Regulation s, prior to 1st January, 2025 , the commencement date of the Exempted Limited Partnership (Amendment and Validation) Act , 2024 [Act 13 of 2024].