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Limited Partnerships Act 2008

Overseas limited partnerships

113: Overseas limited partnership ceasing to carry on business in New Zealand

You could also call this:

"What happens when an overseas business stops operating in New Zealand"

Illustration for Limited Partnerships Act 2008

If you are an overseas limited partnership registered in New Zealand and you want to stop doing business here, you must give public notice of your intention. You must also give notice to the Registrar, in a special form, at least three months after giving public notice, stating the date you will stop doing business in New Zealand.

When you give this notice to the Registrar, you are telling them the date you will cease to carry on business in New Zealand. The Registrar will then remove your overseas limited partnership from the register as soon as possible after the date you specified or after they receive a notice from a liquidator, which can be given in accordance with section 257(1)(a)(ii)(C) of the Companies Act 1993 as modified by section 114(3).

The Registrar's job is to keep track of all the overseas limited partnerships in New Zealand, so when you stop doing business here, they need to update their records to show that you are no longer operating in the country.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1139283.

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"Tell the government about your overseas business each year"

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114: Liquidation of overseas limited partnership, or

"What happens when an overseas limited partnership is closed down in New Zealand"

Part 3Overseas limited partnerships

113Overseas limited partnership ceasing to carry on business in New Zealand

  1. An overseas limited partnership registered under this Part that intends to cease to carry on business in New Zealand must—

  2. give public notice of that intention; and
    1. not earlier than 3 months after giving notice in accordance with paragraph (a), give notice to the Registrar in the prescribed form stating the date on which it will cease to carry on business in New Zealand.

      1. The Registrar must remove an overseas limited partnership from the register of overseas limited partnerships as soon as practicable after—

      2. the date specified in the notice given in accordance with subsection (1)(b); or
        1. receipt of a notice given by a liquidator in accordance with section 257(1)(a)(ii)(C) of the Companies Act 1993 as modified by section 114(3).

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