Article 70 - Resignation of auditor
(1) An auditor of a
Limited Partnership may resign from office by depositing a
notice in writing to that effect at the Limited Partnership's registered office, and
any such notice operates to bring his term of office to an end on the date on
which the notice is deposited, or on such later date as may be specified in it.
(2) When an auditor ceases for any reason to hold office the auditor shall deposit at the
Limited Partnership's registered office:
(A) a statement of any circumstances connected with his ceasing to hold office which he considers should be brought to the notice of the
or creditors of the Limited Partnership; or
(B) if he considers that there are no such circumstances a statement that there are none.
(3) Where a statement under this Article 70 falls within Article 70(2)(A), the Limited
Partnership shall within 21 days send a copy of the statement to every Partner
of the Limited Partnership.
Limited Partnership shall as soon as reasonably practicable and in any
event not later than five days after the deposit of notice of resignation at its
registered office file a copy of the notice with the CRO and if an Authorised
Firm with the Regulatory Authority.