Schedule 1: Contraventions with Financial Penalties Stipulated

Article creating contravention Article Maximum Financial Penalty (US$)
48 Failure to notify CRO of membership changes $2,000
50 Limited Partnership failing to have a registered office $2,000
55(3) and (5) Limited Partnership failing to change Name on direction of CRO $2,000
56 Improper use of "Limited Partnership" $2,000
58 Failure of Name to appear outside place of Business $2,000
59 Limited Partnership failing to have Name etc. on certain Documents $1,000
60 Limited Partnership failing to lodge annual return $2,000
62(1) Non-compliant maintenance of accounting Records $1,000
62(2)(A) and (B) Failure to keep and preserve accounting Records $2,000
62(2)(C) Failure to keep accounting Records open to inspection $10,000
64(3) Failure of Partners to approve and sign accounts $5,000
64(4) Failure to comply with requirements within four months $10,000
65(3) Failure to provide accounts $10,000
66 Publication of accounts without auditors' report $6,000
68 Limited Partnership failing to appoint auditors $10,000
70(1) Failure of auditor to comply with resignation requirements $5,000
70(3) Limited Partnership failing to send notice of auditor's resignation to Partners $1,000
70(4) Failure to file auditor's resignation with CRO and if applicable the Regulatory Authority $2,000
71 Failure of auditor to make report as required $5,000
72 Auditor failing to fulfil duties $5,000
72(3)(4)(5) and 74 Limited Partnership and Partners not cooperating with auditors or providing false or misleading information $5,000
74 Limited Partnership and Partners obstructing auditor $5,000
78 Failure of Branch to change Name on direction of CRO $2,000
79 Failure of Branch to give particulars of Principal Representative $2,000
80(2) Failure of Branch to give notice of change of particulars $2,000
81 Failure of Branch to keep and preserve accounting Records $2,000
82 Failure of Branch to have Name etc. on certain Documents $1,000
83 Failure of Branch to appear outside place of Business $2,000
88 Failure to comply with direction of CRO $15,000