48. Compliance with orders etc. of Registrar to limited liability partnerships

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

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

49-1. Strike off and Restoration

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

50. Orders for unfair prejudice

(1)            If a limited liability partnership’s affairs are being or have been conducted in a way that is unfairly prejudicial to the interests of its members generally or any of its members, or an actual or proposed act or omission of the partnership (including an act or omission on its behalf) is or would be so prejudicial, the Court may, on application of a member of the partnership, make 1 or more of the following orders: 

(a)            an order regulating the conduct of the partnership’s affairs in the future;

(b)            an order requiring a Person to do, or not to do, anything;

(c)            an order authorising proceedings to be brought in the name and on behalf of the partnership by the Person, and on the terms, the Court considers appropriate;

(d)            any other order that the Court considers appropriate. 

(2)            This section does not limit or otherwise affect any rights that a Person may have, or any powers that the Court may have, apart from this section.

(3)            In this section:

limited liability partnership means a Limited Liability Partnership or Recognised Limited Liability Partnership.

51. Public registers of limited liability partnerships

(1)            The Registrar of Companies must keep and publish a register of current and past registrations of Limited Liability 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 Liability 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.