Section 18
of International Limited Partnership Order, 2000
Section 18
(1)
Registration of an ILP may be revoked by the ILP Registrar acting on the advice of the Authority where –
(a)
the ILP fails to pay its prescribed annual renewal fee or penalty fees;
Incorporating amendments until S 1/2016
(Clean version) Nani/Amiriah/zimah _ as of 04.05.2019
19
BLUV as at 14 January 2016
(b)
any partner of an ILP that is a trust corporation, international company or foreign company ceases to be registered in Brunei Darussalam;
(c)
the ILP partnership fails to maintain a registered office as required by this Order;
(d)
the international partnership or limited partnership is in contravention of section 4(2).
(2)
Where the ILP Registrar so acting on the advice of the Authority intends to revoke the registration of an ILP under this section, he shall give notice of his intention to the registered office of the said ILP and allow a reasonable opportunity to show cause why the registration of the international partnership or limited partnership should not be revoked.
(3)
Where registration of an ILP is revoked, and the partners wish to restore the ILP to the register, it shall proceed in all respects by way of fresh application under section 13, provided the ILP Registrar is satisfied that such registration is justified in all the circumstances.
Regulations.