juris

Section 38: Manager

Limited Liability Partnerships Act · PART VII: MANAGEMENT AND ADMINISTRATION

consolidated text (as at 2017, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.

38. Manager (1) (a) Every limited liability partnership shall ensure that it has at least one manager who— (i) is a natural person of full age and capacity; and (ii) is resident in Mauritius. (b) Every manager shall be qualified as Secretary of a company under the Companies Act. (2) Notwithstanding subsection (1), the manager of a limited liability partnership holding a Category 1 Global Business Licence shall be a corporation holding a management licence referred to in section 77 of the Financial Services Act. (3) Every limited liability partnership shall ensure that the particulars of every person who acts as a manager of the limited liability partnership and his consent to act as such are communicated to the Registrar in such form and manner as the Registrar may determine. (4) A manager shall be responsible for— (a) guiding the partners on their duties and obligations under this Act; (b) ensuring that minutes of meetings of partners are taken; (c) ensuring that proper filing is done with the Registrar and the latter is notified when this is required under this Act; and (d) ensuring that the financial summary of the limited liability partnership is prepared on time.

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