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Limited Partnerships Act 2008

General - Registers of limited partnerships

63: Registrar's powers to insert note of inactivity or note of warning on register

You could also call this:

"The Registrar can add a note to say a limited partnership is inactive or not following the rules."

Illustration for Limited Partnerships Act 2008

The Registrar can add a note to a limited partnership's entry on a register if they think the partnership is inactive. You might see this note if the Registrar believes the partnership is not doing anything. The Registrar can also add a warning note to a limited partnership's entry on a register in certain situations, such as when information or documents about the partnership are required under section 78(2)(aaa) or (a), 78F, 78G, or 78H.

If a warning note is added to one limited partnership, the Registrar can also add a warning note to another limited partnership that shares a general partner with the first one. The Registrar will do this if they think it is appropriate. They can make these decisions based on certain grounds described in section 98A(1)(a) to (f).

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1139219.

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Part 2General
Registers of limited partnerships

63Registrar's powers to insert note of inactivity or note of warning on register

  1. The Registrar may insert a note of inactivity against the entry on a register for a limited partnership or an overseas limited partnership if the Registrar believes on reasonable grounds that the limited partnership or overseas limited partnership is inactive.

  2. The Registrar may, if the Registrar thinks it is appropriate, insert a note of warning against the entry on a register for a limited partnership in any of the following circumstances:

  3. information or documents relating to the limited partnership are subject to a requirement made under section 78(2)(aaa) or (a), 78F, 78G, or 78H:
    1. any of the grounds described in section 98A(1)(a) to (f) apply to the limited partnership.

      1. If the Registrar has inserted a note of warning in relation to a limited partnership (limited partnership A) under subsection (2), the Registrar may, if the Registrar thinks it is appropriate, also insert a note of warning in relation to any other limited partnership that shares a general partner with limited partnership A.

      Notes
      • Section 63 heading: replaced, on , by section 22(1) of the Limited Partnerships Amendment Act 2014 (2014 No 47).
      • Section 63(2): inserted, on , by section 22(2) of the Limited Partnerships Amendment Act 2014 (2014 No 47).
      • Section 63(3): inserted, on , by section 22(2) of the Limited Partnerships Amendment Act 2014 (2014 No 47).