Regulatory Alerts2011-01-01
Limited Partnerships (Amendment) Act, 2011
The President and National Assembly of Seychelles enacted the Limited Partnerships (Amendment) Act, 2011 to modernize the regulatory framework for limited partnerships. The legislation expands eligibility for both limited and general partners, mandates the maintenance of proper accounting records for seven years, and introduces a structured penalty regime with waiver powers for the Registrar. It further clarifies legal proceedings, deregistration procedures, compliance inspection rights, and fee schedules to enhance operational flexibility and regulatory oversight.
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