Limited Partnership (Amendment) Act, 2024 Commencement Notice (SI 2024 No. 64) (2024-12-12)

Summary

This is a commencement notice made by the Minister of Financial Services, Economic Development and Digital Transformation under the Limited Partnership (Amendment) Act, 2024. It does not itself create new legal duties; it simply fixes the date on which most of the amending Act's provisions take effect in the Virgin Islands.

• Effective date: 10th December 2024 is appointed as the date on which the listed sections of the Limited Partnership (Amendment) Act, 2024 come into force.
• Provisions commenced: Sections 2, 3, 6(b), 7, 8, 9, 11, 12, 14(a) and (b), 16 to 20, 22 to 29, 30(d), 31, and 34 to 38, and 40 of the amending Act.
• Legal basis: Made under section 1 of the Limited Partnership (Amendment) Act, 2024 and section 16(2) of the Interpretation Act (Cap. 136), which allows different commencement dates for different provisions.

Practitioners advising Virgin Islands limited partnerships should consult the underlying Limited Partnership (Amendment) Act, 2024 itself to understand the substantive changes now in force, since this notice only fixes the commencement date and does not describe the amendments' content.

Applies to

limited partnerships

Deadlines

• 10th December, 2024: Date on which the listed sections of the Limited Partnership (Amendment) Act, 2024 come into force.

Related documents

• This document commences Limited Partnership (Amendment) Act, 2024 (No. 23 of 2024)