Investment Limited Partnerships (Amendment) Act 2020
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Amendment of section 13(1) and (2) of Act of 1994 | ||
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16. Section 13 of the Act of 1994 is amended by the substitution of the following subsections for subsections (1) and (2): | ||
“(1) The general partner shall maintain or cause to be maintained at the registered office of the investment limited partnership the following: | ||
(a) a register of the name and address of each partner of the investment 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; | ||
(b) a register of— | ||
(i) the amounts and dates of the one or more contributions of each partner, and the dates on which those amounts were undertaken, and | ||
(ii) the one or more amounts undertaken to be contributed by each partner, and the dates on which those amounts were undertaken to be contributed, and the amounts and dates of any payments representing a return of any part of the contribution of any partner. | ||
(2) Except where otherwise provided for in the partnership agreement— | ||
(a) the register referred to in subsection (1)(a), shall be open to the inspection of any partner or depositary of the investment limited partnership, or any other person with the consent of the general partner, during business hours, and | ||
(b) the register referred to in subsection (1)(b) shall be open to the inspection of any person during business hours with the consent of the general partner. | ||
(2A) Each of the registers referred to in subsection (1)(a) and (b) shall also be open to the inspection of— | ||
(a) the Bank, or | ||
(b) any other statutory body the performance by which of its functions in a proper and effective manner reasonably requires that the general partner of the partnership concerned permit the inspection by it of that register. | ||
(2B) In subsection (2A) ‘statutory body’ means a body established by or under an enactment (other than the Companies Act 2014 or a former enactment relating to companies within the meaning of section 5 of that Act).”. |