Companies Act (Cap. 386), article 66A

66A. (1) This article shall apply to a partnership en commandite or limited partnership the capital of which may or may not be divided into shares, which in the deed of partnership ex pressly limits its object either to the collective investment of its fu nds in securities and in other movable and immovable property, or in a ny of them, with the aim of giving the partners the benefit of the re sults of the management of its funds, and to matters ancillary or incide ntal thereto, and which qualifies as a collective investment scheme and is duly licensed, recognised, exem pted or otherwise regulated i n terms of the Investment Services Act , or otherwise to any other purpose as may be prescribed in the Tenth Schedule or as the Mi nister may from time to time pre scribe by regulations. Cap. 13. (2) A partnership en commandite or limited partnership within the meaning of sub-article (1) shall be regulated by the provisions contained in the Tenth Schedul e and by any regulations made by the Minister in terms of this article; the provisions of this Part of this Act, other than this article, and articles 13 to 18, article 21 and Part III of the Commercial Code , shall not apply to any such partnership except and to the extent that they are expressly made applicable by me ans of the said Schedule or by mean s of any such regulations. (3) The Minister may make regulations for the better carrying out of the provisions of this article and of any of the provisi ons of the Tenth Schedule, and may, without prejudice to the generalit y of the foregoing, by such regulatio ns make provisions as to any of the following matters: (a) t h e f o r m s a n d r e t u r n s t o b e u s e d i n r e s p e c t o f s u c h partnerships en commandite or limited partnerships within the meaning of sub-article (1), for the purposes of this Act or such other purposes as may be prescribed therein; (b) the registration of such partnerships en commandite or limited partnerships under this Act within the meaning of sub-article (1) and any matters incidental thereto; (c) the records and accounts to be kept by such partnerships en commandite or limited partnerships within the meaning of sub- article (1) and any matter incidental thereto; (d) t h e p r e s c r i p t i o n o f f e e s p a y a b l e u n d e r t h i s A c t i n respect of such partnerships en commandite or limited partnerships within the meaning of sub-article (1); (e) the exemption of partnerships en commandite o r limited partnerships within the meaning of sub-article (1) or any category thereof from any of the provisions of the Tenth Schedule or of this Act or of any other law which may otherwise be applicable thereto, as the case may be, subject to such modifications, variations and COMP ANIES [CAP. 386. 37 conditions as may be specified; (f) any other matters to be prescribed under this Act or the Tenth Schedule in respect of such partnerships en commandite or limited partnerships within the meaning of sub-article (1), or any othe r matters to better regulate the provisions of the Tenth Schedule in respect of such partnerships en commandite or limited partnerships within the meaning of sub-article (1) or any category thereof. PART V - LIMITED LIABILITY COMPANY TITLE I - FORMATION AND FUNCTIONING OF COMPANIES Chapter I - Formation of a com pany and matters incidental thereto Definition.67. A company is formed by means of a capital divided into shares held by its members. The members’ liability is limited t o the amount, if any, unpaid on the sh ares respectively held by each of them. How a company is constituted. Amended by: XX. 2013.75.