F1Dissolution, revival and deregistration
20F2Administrative revival
1
On an application under this section the registrar must revive a limited partnership if the registrar is satisfied that the following conditions are met.
2
Condition 1 is that the limited partnership was dissolved under section 19(6) (dissolution on publication of notice in Gazette).
3
Condition 2 is that the applicant has delivered to the registrar such documents as are necessary to ensure that, if the limited partnership is revived, the records kept by the registrar relating to the limited partnership will be up to date.
4
Condition 3 is that each relevant person has paid any outstanding fines or financial penalties imposed on them in respect of an offence—
a
under this Act, or
b
by virtue of regulations made under section 7A of this Act,
relating to the limited partnership.
5
An application under this section may only be made by a person who was a general partner in the limited partnership immediately before it was dissolved.
6
The application must include a statement that—
a
the conditions in subsections (2), (3) and (4) are met, and
b
the applicant is a person mentioned in subsection (5).
7
An application under this section may not be made after the end of the period of six years beginning with the date on which the limited partnership was dissolved.
8
For the purpose of subsection (7) an application is made when it is received by the registrar.
9
In subsection (4) “relevant person” means—
a
the applicant,
b
any person who—
i
was a general partner in the limited partnership immediately before it was dissolved, and
ii
if the limited partnership is revived, will be a general partner in the limited partnership immediately after its revival, or
c
any person who is a managing officer of a legal entity where the legal entity is—
i
a person mentioned in paragraph (a) or (b), or
ii
a person falling within this paragraph.
S. 18 and cross-heading inserted (26.10.2023 but only so far as it confers a power to make regulations or relates to the exercise of the power, otherwise prosp.) by Economic Crime and Corporate Transparency Act 2023 (c. 56), ss. 140, 219(1)(2)(b)