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PARTNERSHIP ACT 1892 - SECT 53D
Who may apply for registration?
53D Who may apply for registration?
(1) An application for registration as a limited partnership may be made by--
(a) a partnership, or
(b) any persons or partnerships (or both) proposing to
be partners in the limited partnership.
(2) An application for registration
as an incorporated limited partnership may be made, in the circumstances
described in subsection (3), by-- (a) a partnership (including an
external partnership), or
(b) any persons or partnerships (including
external partnerships), or both, proposing to be partners in the proposed
incorporated limited partnership.
(3) The circumstances are-- (a) that the
partnership is registered under Part 2 of the Venture Capital Act 2002 of the
Commonwealth, or a general partner in the partnership or a proposed
general partner in the proposed incorporated limited partnership intends to
apply for registration of the incorporated limited partnership or proposed
partnership under that Part, as-- (i) a VCLP within the meaning of that Act,
or
(ii) an AFOF within the meaning of that Act, or
(iii) an ESVCLP within
the meaning of that Act, or
(b) that the partnership is a venture capital
management partnership within the meaning of section 94D (3) of the Income
Tax Assessment Act 1936 of the Commonwealth or the partners in the partnership
or the proposed partners in the proposed incorporated limited partnership
intend that the partnership or proposed incorporated limited partnership will
meet the requirements set out in that section for recognition as a venture
capital management partnership, or
(c) such other circumstances as are
prescribed.
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