Limited Liability Partnership (Amendment and Validation) Act, 2024 (Act 16 of 2024)

Summary

This is a short amending Act that changes the Limited Liability Partnership Act (2023 Revision) to give the Registrar of Limited Liability Partnerships clear statutory authority to charge fees for certain services, and to retroactively validate fees the Registrar had already been charging and collecting without such authority. It also confirms that any court orders or determinations already made about those improperly-authorised fees are unaffected by this validation.

• Section 37 amendment: Adds a fee requirement to the existing deregistration-by-partnership-agreement provision.
• New section 45A: Allows the Registrar to charge a prescribed fee for administrative services.
• New section 45B: Creates an 'express fee' service whereby applications for registration, conversion, deregistration or continuation of an LLP (and certain filings, certifications, copies and certificates) accompanied by the prescribed express fee must be processed by the Registrar within set turnaround times: same working day if received by noon, or noon the next working day if received after noon.

The Act applies to limited liability partnerships and those dealing with the Registrar of Limited Liability Partnerships, including applicants for registration, conversion, deregistration or continuation, and persons requesting filings, certifications, copies or certificates. It comes into force on a date (or dates) to be appointed by Cabinet order, so the practical effective date is not fixed by the Act itself.

Key obligations

• A partnership deregistering under section 37 pursuant to its partnership agreement must pay the Registrar the fee prescribed by Cabinet regulations.
• Persons requesting prescribed administrative services from the Registrar must pay the prescribed fee under new section 45A.
• Applicants seeking expedited processing of registration (s.18), conversion (s.33), deregistration (s.37/38), or continuation (s.39) applications, or expedited filings, certifications, copies or certificate issuance, must submit the prescribed express fee under new section 45B to obtain the guaranteed turnaround times.
• The Registrar must complete express-fee transactions by the end of the working day (if documents and fees are received by 12 noon) or by 12 noon the following working day (if received after 12 noon).

Applies to

limited liability partnerships, Registrar of Limited Liability Partnerships

Deadlines

• date to be appointed by Cabinet Order: Commencement of the Act; different dates may be appointed for different provisions and matters.
• By the end of the working day (if received by 12 noon): Registrar's required completion time for express-fee transactions (registrations, conversions, deregistrations, continuations, filings, certifications, copies, certificates) when documents and fees are received by 12 noon.
• 12 noon on the following working day (if received after 12 noon): Registrar's required completion time for express-fee transactions when documents and fees are received after 12 noon.

Related documents

• Limited Liability Partnership (Amendment and Validation) Act, 2024 (Commencement) Order, 2024 (SL 53 of 2024) commences this document
• Limited Liability Partnership Act (2025 Revision) replaces this document