No notice of winding up
68 No notice of winding up
Subsection (2) applies if —
section 67(2) is not complied with; and
the Commissioner is satisfied that an incorporated limited partnership has been wound up.
The Commissioner may give the incorporated limited partnership a notice informing the incorporated limited partnership that, if it does not satisfy the Commissioner, within 28 days after the day on which the notice is given, that the incorporated limited partnership has not been wound up, the winding up of the incorporated limited partnership will be recorded in the register.
The Commissioner must, as soon as practicable after giving a notice to an incorporated limited partnership under subsection (2), record the giving of the notice in the register.
If, after the expiry of 28 days after the day on which a notice is given to an incorporated limited partnership under subsection (2), the Commissioner is still satisfied that the incorporated limited partnership has been wound up, the Commissioner may record in the register —
the winding up; and
the day on which the winding up took effect, being the day on which the record is made.
If, at any time within 28 days after the day on which a notice is given to an incorporated limited partnership under subsection (2), the Commissioner becomes satisfied that the incorporated limited partnership has not been wound up, the Commissioner must —
record that fact in the register; and
give the incorporated limited partnership notice of that fact.
This Act’s bill:Explanatory memorandumSecond reading speech
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.