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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 6 April 2016 - onwards
Version 4 of 4

Regulation 74 LLP records

Sections 1134 to 1138 apply to LLPs, modified so that they read as follows -

"1134. Meaning of "LLP records"

In this Part "LLP records" means -

(a) any register, index, accounting records, agreement, memorandum, minutes or other document required by this Act to be kept by an LLP, and

(b) any register kept by an LLP of its debenture holders.

1135. Form of LLP records

(1) LLP records -

(a) may be kept in hard copy or electronic form, and

(b) may be arranged in such manner as the members of the LLP think fit, provided the information in question is adequately recorded for future reference.

(2) Where the records are kept in electronic form, they must be capable of being reproduced in hard copy form.

(3) If an LLP fails to comply with this section, an offence is committed by every member of the LLP who is in default.

(4) A person guilty of an offence under this section is liable on summary conviction to a fine not exceeding level 3 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 3 on the standard scale.

1136. Where certain LLP records to be kept available for inspection