Companies Act (Cap. 386), article 59

59. (1) A limited partner shall not perform any act of administration nor transact busin ess on behalf of the partnersh ip en commandite or limited partnership except by virtue of a power of attorney given for specifi ed acts or transactions. (2) If a limited partner acts in contravention of the aforesaid prohibition, he shall be bound, in regard to third parties, unlimitedly and jointly and severally with the general partners for all the obligations of the partnership en commandite or limited partnership and shall moreover be liable to be expelled from th e partnership in accordance with t he provisions of article 32: Provided that a limited partner acting in contravention of the prohibition contained in sub- article (1) shall not be expel led from the partnership if he proves that he had been acting on th e instructions of the general partners. Communication of yearly accounts to limited partners. Amended by: IV . 2003.35.