New South Wales Consolidated Acts

PARTNERSHIP ACT 1892 - SECT 56

56 Changes in registered particulars

(1) If any change occurs in relation to the registered particulars of a limited partnership or incorporated limited partnership, a statement setting out the changed particulars must be lodged with the Registrar within 7 days after the change occurred.

(2) The statement must be signed by all the general partners, or by a general partner authorised by all the general partners for the purposes of this section.

(2A) In the case of a limited partnership, if the change relates to the admission of a limited partner, or a change in the liability of a limited partner to contribute, the statement must also be signed--

(a) by the limited partner concerned, or

(b) if that limited partner is a limited partnership, by all the general partners in that limited partnership or by a general partner in that limited partnership authorised by all the general partners in that limited partnership for the purposes of this section.

(3) The statement must be in the form approved by the Registrar and contain the particulars required by the regulations or the approved form of statement.

(4) If the statement is duly lodged, the Registrar is to record the change in the Register, unless, in the case of a limited partnership, as a result of a change in relation to the registered particulars, the partnership is not eligible to be registered as a limited partnership.

(5) If subsection (1) is not complied with, each general partner of the limited partnership is guilty of an offence.

: Maximum penalty--10 penalty units.

Note : See section 80A in relation to offences committed by general partners.