Section 24
of Limited Liability Partnerships Order, 2010
Section 24
(1)
Every limited liability partnership shall ensure that it has at least one manager who is an individual not less than 18 years of age and who is ordinarily resident in Brunei
Darussalam.
(2)
Every limited liability partnership shall ensure that the particulars of every person who acts as a manager of the partnership and his consent to act as such are lodged with the Registrar in such medium and form as the Registrar may determine.
(3)
A manager shall be –
(a)
answerable for the doing of all acts, matters and things, as are required to be done by the limited liability partnership under sections 25, 28 and 29; and
Incorporating amendments until S 1/2016
(Cleancopy) NANI/Amiriah/fiqah/Karimah_as of 24th June2019
16
BLUV as at 14th January 2016
(b)
personally liable to all penalties imposed on the partnership for any contravention of those sections, unless he satisfies the court that he should not be so liable.
(4)
If a limited liability partnership contravenes subsection (1), the partnership and every partner is guilty of an offence and liable on conviction to a fine not exceeding $5,000
and, in the case of a continuing offence, to a further fine not exceeding $50 for every day or part thereof during which the offence continues after conviction.
(5)
Any limited liability partnership which contravenes subsection (2) is guilty of an offence and liable on conviction to a fine not exceeding $5,000 and, in the case of a continuing offence, to a further fine not exceeding $50 for every day or part thereof during which the offence continues after conviction.
Annual declaration of solvency or insolvency.