Section 46: Small limited partnership
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.
46. Small limited partnership
(1) A small limited partnership need not appoint an auditor licensed under
the Financial Reporting Act.
(2) In this Act, a limited partnership shall be a small limited partnership
where—
(a) the turnover of the limited partnership in respect of its last preceding accounting period is less than 50 million rupees or such
other amount as may be prescribed; and
(b) it is not a limited partnership holding a Global Business Licence.
(3) In the application of subsection (2) to any period which is an accounting
period for a limited partnership but not in fact a calendar year, the maximum
figure for the turnover in subsection (2) (a) shall be proportionately adjusted.
L15A – 29 [Issue 4]
Limited Partnerships Act
Sub-Part C – Financial Statements