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 |