Regulatory Alerts2020-01-01
Limited Partnerships (Amendment) Act 2020
The President and National Assembly of Seychelles enacted this Act to amend Section 16(1) of the Limited Partnerships Act (Cap 281). The legislation modifies paragraph (c) and inserts a new provision requiring limited partnerships to maintain their register of beneficial owners under the Beneficial Ownership Act, 2020. The statute takes effect on a date appointed by the Minister of Finance through an official Gazette notice.
LIMITED PARTNERSHIPS (AMENDMENT) ACT, 2020 (Act 9 of 2020) AN ACT to amend the Limited Partnerships Act (Cap 281). ENACTED by the President and the National Assembly.
- This Act may be cited as the Limited Partnerships (Amendment) Act, 2020 and shall come into operation on such date as the Minister of Finance may appoint by Notice published in the Gazette. I assent Danny Faure President 6th April, 2020 [9th April 2020] Supplement to Official Gazette 75 Short title and commencement
Amendment of Cap 281 2. Section 16 (1) of the Limited Partnerships Act is hereby amended as follows — (a) in paragraph (c), by repealing the words “or” after the words “reputation of Seychelles;”;
(b) after paragraph (c), insert the following paragraph — “(ca) a limited partnership has failed to maintain the register of beneficial owners under the Beneficial Ownership Act, 2020; or”. I certify that this is a correct copy of the Bill which was passed by the National Assembly on 25th March, 2020. Mrs. Tania Isaac Deputy Clerk to the National Assembly 76 Supplement to Official Gazette [9th April 2020]