57. Compliance with orders etc. of Registrar to limited partnerships

(1) If the Registrar of Companies makes an order, issues a direction, or makes a requirement, (however described) in relation to a Limited Partnership or Recognised Limited Partnership under these Regulations, the Rules or any other Legislation Administered by the Registrar, each partner must ensure that the partnership complies with it.

(2) Contravention of this section is punishable by a fine.

58. Power to strike names of limited partnerships off register

Omitted

(1) The Registrar of Companies may strike the name of a limited partnership off the register if the Registrar has reason to believe:

1. (a) that the partnership is not conducting the business, purpose or activity for which it was formed or is not in operation; or
2. (b) that the partnership is Contravening these Regulations (within the meaning given by section 169 of the AIFC Companies Regulations); or
3. (c) that it is prejudicial to the interests of the AIFC for the partnership to remain on the register.

(2) In deciding whether to strike the name of a limited partnership off the register under subsection (1), the Registrar of Companies must comply with the Decision-making Procedures and must also:

1. (a) publish a notice in the Appointed Publications of the Registrar’s intention to strike the name of the partnership off the register and dissolve the partnership; and
2. (b) if the partnership is licensed, registered or recognised by the AFSA—obtain the AFSA’s consent before publishing the notice under paragraph (a).

(3) If the Registrar of Companies strikes the name of a limited partnership off the register, the partnership must be dissolved.

(4) If the name of a limited partnership is struck off the register under this section and the partnership is dissolved, the liability of every partner of the partnership continues, and may be enforced, as if the partnership’s name had not been struck off the register and the partnership had not been dissolved.

(5) If the name of a limited partnership is struck off the register under this section, the partnership must maintain its books and Records for a period of 6 years after the day its name is stuck off the register.

(6) In this section: limited partnership means a Limited Partnership or Recognised Limited Partnership. register means the register of current registrations of Limited Partnerships or Recognised Limited Partnerships, as the case requires, kept under section 59 (Public registers of limited partnerships).

58-1. Strike off and Restoration

The provisions of sections 167 and 168 of the AIFC Companies Regulations apply to a Limited Partnership and a Recognised Limited Partnership.

59. Public registers of limited partnerships

(1) The Registrar of Companies must keep and publish a register of current and past registrations of Limited Partnerships in accordance with any requirements prescribed by the Rules.

(2) The Registrar of Companies must keep and publish a register of current and past registrations of Recognised Limited Partnerships in accordance with any requirements prescribed by the Rules.

(3) The Registrar of Companies must make a reasonably current version of any register kept under this section freely available for viewing by the public during the normal business hours of the Registrar.