Part 2 – Limited partnerships etc The registrar’s role relating to dissolution, revival and deregistration Section 140: Duty to notify registrar of dissolution
This section inserts new section 18 into the Limited Partnerships Act 1907, which requires general partners and limited partners (where the limited partnership does not have a general partner) to notify the Registrar of the dissolution of a limited partnership within 14 days from when the partner in question becomes aware of the limited partnership’s dissolution. This requirement applies whether or not the partners are solvent or disqualified.
	New section 18 also provides that no notice is required to the Registrar where the limited partnership is dissolved by a dissolution notice (under new section 19 or inserted by section 146 of the Act), if another person has already notified the Registrar of dissolution.
	Failure to comply with the requirement to notify the Registrar of dissolution constitutes an offence, and the relevant partners will be liable on conviction to a fine.
	The intention behind this section is that the Registrar is made aware when a limited partnership is dissolved, as there may be instances where dissolution happens without the Registrar’s knowledge (for example, upon the death of a general or limited partner). This is so that they can maintain an up to date and accurate register which can be relied upon by the public.