Investment Limited Partnerships Act 1994

F113[Offence for failure to comply with section 51, 52, 53 or 54 and supplemental provisions.

59

59. (1) A general partner that fails to comply with section 51, 52 or 54 shall be guilty of an offence.

(2) A general partner that fails, without reasonable excuse, to comply with a request, as referred to in subparagraph (ii) of subsection (4)(b) of section 51, or subparagraph (ii) of subsection (2)(b) of section 57, contained in a notice served on it under that subsection (4)(b) or (2)(b), as the case may be, shall be guilty of an offence.

(3) A presenter that fails to comply with section 53 shall be guilty of an offence.

(4) A person who, in purported compliance with section 51, 52, 53 or 54, makes a statement that is false in a material particular, knowing it to be so false or being reckless as to whether it is so false, shall be guilty of an offence.

(5) A designated person who fails to comply with section 51(3) shall be guilty of an offence.]

Annotations:

Amendments:

F113

Inserted (1.03.2021) by Investment Limited Partnerships (Amendment) Act 2020 (31/2020), s. 39, S.I. No. 19 of 2021.