{"kind":"expression","expression":{"expr_id":"2339","doc_id":"2339","label":"Partnership (Amendment and Validation) Act, 2024 (Act 19 of 2024)","is_as_enacted":"f","commenced_on":null,"superseded_on":null,"valid_from":null,"valid_to":null,"is_current":"t","incorporating":null,"akn_expr_iri":"\/akn\/ky\/bill\/2024\/19\/eng@2024-01-01","akn_envelope":"{\"_canary\": {\"iri\": {\"work\": \"\/akn\/ky\/bill\/2024\/19\", \"expression\": \"\/akn\/ky\/bill\/2024\/19\/eng@2024-01-01\", \"manifestation\": \"\/akn\/ky\/bill\/2024\/19\/eng@2024-01-01.pdf\"}, \"pdf\": {\"md5\": \"698b69728257a5ec66d2cf076557a2ec\", \"path\": \"\/Users\/q\/kyleg-data\/working\/BILLS\/2024\/2024-0019\/2024-0019.pdf\", \"pages\": 10, \"filename\": \"2024-0019.pdf\"}, \"errors\": [], \"extraction\": {\"model\": null, \"stats\": {\"word_count\": 1475, \"paragraph_count\": 9, \"text_char_count\": 9754}, \"usage\": null, \"method\": \"pymupdf-text\", \"version\": \"kyleg-akn-1.0\", \"extracted_at\": \"2026-06-22\"}, \"classification\": \"text_layer\", \"validation_flags\": [], \"docai_processor_id\": null}, \"akomaNtoso\": {\"act\": null, \"doc\": null, \"bill\": {\"body\": [{\"eId\": \"sec_n1\", \"num\": null, \"text\": \"LIMITED LIABILITY COMPANIES (AMENDMENT AND VALIDATION) BILL, A BILL FOR AN ACT TO AMEND THE LIMITED LIABILITY COMPANIES ACT (2023 REVISION) IN ORDER TO PROVIDE A STATUTORY BASIS FOR THE REGISTRAR\u2019S COLLECTION OF FEES FOR SEVERAL OF THE GENERAL REGISTRY\u2019S SERVICES; TO VALIDATE CERTAIN PREVIOUS REVENUE COLLECTION ACTIONS OF THE REGISTRAR; AND FOR INCIDENTAL AND CONNECTED PURPOSES Introduced PUBLISHING DETAILS Sponsoring Ministry\/Portfolio: Ministry of Financial Services and Commerce (FSC) Limited Liability Companies (Amendment and Validation) Bill, 2024 Objects and Reasons Introduced Memorandum of OBJECTS AND REASONS This Bill seeks to amend the Limited Liability Companies Act (2023 Revision) (the \u201cprincipal Act\u201d) in order to provide a statutory basis for the General Registry\u2019s collection of fees for several of its services. Clause 1 provides the short title and commencement of the legislation. Clause 2 amends section 46 of the principal Act. Section 46 empowers the Registrar to register a plan of merger or consolidation between two or more limited liability companies. Clause 2 amends section 46 to empower the Registrar to charge a fee for the registration of the plan of merger or consolidation. Clause 3 amends section 50 of the principal Act. Section 50 empowers the Registrar to register a plan of merger or consolidation between one or more limited liability companies and one or more exempted companies. Clause 3 amends section 50 to empower the Registrar to charge a fee for the registration of the plan of merger or consolidation. Clause 4 amends section 51 of the principal Act. Section 51 empowers the Registrar to register a plan of merger or consolidation between one or more limited liability companies and one or more foreign entities. Clause 4 amends section 51 to empower the Registrar to charge a fee for the registration of the plan of merger or consolidation. Clause 5 amends section 56 of the principal Act. Section 56 enables an exempted company to be reregistered as a limited liability company. Clause 5 amends section 56 to provide that an application under the section is to be termed an \u2018application for reregistration\u2019, not a \u2018conversion application\u2019. Clause 6 inserts into the principal Act proposed new sections 59A and 59B. Proposed new section 59A would empower the Registrar to charge a fee for the provision of administrative services. Proposed new section 59B would set out a statutory basis for the Registrar to provide certain express services for a prescribed fee (for example, express services in respect of an application to convert an exempted company into a limited liability company). Clauses 7 and 8 deal with the validation of fees collected, without statutory authority, by the Registrar. Where those fees were charged and collected prior to the commencement of this amending and validating legislation, clause 7 would validate the fees as if the Registrar was empowered under this amending and validating legislation. Clause 8 provides that this amending and validating legislation does not affect a court order relating to fees collected by the Registrar without statutory authority for any service provided by the Registrar before the commencement of this amending and validating legislation. Limited Liability Companies (Amendment and Validation) Bill, 2024 Arrangement of Clauses Introduced LIMITED LIABILITY COMPANIES (AMENDMENT AND VALIDATION) BILL, 2024 Arrangement of Clauses Clause 1.\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_2\", \"num\": \"2.\", \"text\": \"Amendment of section 46 of the Limited Liability Companies Act (2023 Revision) - 3. 4.\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_5\", \"num\": \"5.\", \"text\": \"Amendment of section 56 - conversion of an exempted company to a limited liability 6. 7.\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_8\", \"num\": \"8.\", \"text\": \"Limited Liability Companies (Amendment and Validation) Bill, 2024 Clause 1 Introduced LIMITED LIABILITY COMPANIES (AMENDMENT AND VALIDATION) BILL, 2024 A BILL FOR AN ACT TO AMEND THE LIMITED LIABILITY COMPANIES ACT (2023 REVISION) IN ORDER TO PROVIDE A STATUTORY BASIS FOR THE REGISTRAR\u2019S COLLECTION OF FEES FOR SEVERAL OF THE GENERAL REGISTRY\u2019S SERVICES; TO VALIDATE CERTAIN PREVIOUS REVENUE COLLECTION ACTIONS OF THE REGISTRAR; AND FOR INCIDENTAL AND CONNECTED PURPOSES ENACTED by the Legislature of the Cayman Islands.\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_1\", \"num\": \"1.\", \"text\": \"Short title and commencement 1. (1) This Act may be cited as the Limited Liability Companies (Amendment and Validation) Act, 2024. (2) This Act shall come into force on such date as may be appointed by Order made by the Cabinet and different dates may be appointed for different provisions of this Act and in relation to different matters. Clause 2 Limited Liability Companies (Amendment and Validation) Bill, 2024 Introduced 2. Amendment of section 46 of the Limited Liability Companies Act (2023 Revision) - merger and consolidation 2. The Limited Liability Companies Act (2023 Revision), in this Act referred to as the \u201cprincipal Act\u201d, is amended in section 46(11) by deleting the words \u201capplicable fees under this\u201d and substituting the words \u201cprescribed fees under this or any other\u201d.\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_3\", \"num\": \"3.\", \"text\": \"Amendment of section 50 - merger or consolidation with exempted companies 3. The principal Act is amended in section 50(2) and (3) by deleting the word \u201capplicable\u201d and substituting the word \u201cprescribed\u201d.\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_4\", \"num\": \"4.\", \"text\": \"Amendment of section 51 - merger or consolidation with foreign companies 4. The principal Act is amended in section 51(6) and (13) by deleting the word \u201capplicable\u201d and substituting the word \u201cprescribed\u201d. 5. Amendment of section 56 - conversion of an exempted company to a limited liability company 5. The principal Act is amended in section 56(4) by deleting the words \u201cconversion application\u201d and substituting the words \u201capplication for reregistration\u201d.\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_6\", \"num\": \"6.\", \"text\": \"Insertion of sections 59A and 59B - administrative services; express fees 6. The principal Act is amended by inserting after section 59 the following sections \u2014 \u201cAdministrative services 59A. A person shall pay to the Registrar the prescribed fee for the provision by the Registrar of such administrative services as may be prescribed. Express fees 59B. (1) The Registrar, on receipt of \u2014 (a) a registration statement under section 5(2); (b) a plan of merger or consolidation, or any other document, under section 46, 50 or 51; (c) an application for continuation as a limited liability company under section 54; (d) an application for deregistration of a limited liability company under section 55; or (e) an application for reregistration under section 56(4), which is accompanied by the prescribed express fee, shall complete the transaction for which the respective document has been submitted by \u2014 (i) the end of the working day, where the document and all fees are received by 12 noon; or Limited Liability Companies (Amendment and Validation) Bill, 2024 Clause 7 Introduced (ii) 12 noon on the following working day, where the document and all fees are received after 12 noon. (2) Where this Act provides for or requires \u2014 (a) the filing of any document with the Registrar (other than the filing of any document made as part of an application); (b) certifications by the Registrar; (c) copies to be issued, made or provided by the Registrar; (d) the issuance of certificates by the Registrar; or (e) the issuance of customised certificates or customised letters by the Registrar, on receipt of the prescribed express fee, the Registrar shall complete the transaction by \u2014 (i) the end of the working day, where the relevant information and all fees are received by 12 noon; or (ii) 12 noon on the following working day, where the relevant information and all fees are received after 12 noon.\u201d.\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_7\", \"num\": \"7.\", \"text\": \"Validation of payment and collection of fees 7. The payment of fees to, and the charging and collection of fees by, the Registrar without statutory authority for any service provided by the Registrar prior to the commencement of this amending and validating Act are \u2014 (a) validated; and (b) taken to have been lawfully charged by, paid to and collected by the Registrar, as if the Registrar was empowered under the principal Act as amended by this amending and validating Act to charge and collect those fees. Clause 8 Limited Liability Companies (Amendment and Validation) Bill, 2024 Introduced 8. Orders or determinations by court not affected 8. This amending and validating Act does not affect any order or determination made by a court with respect to fees charged by, paid to and collected by the Registrar without statutory authority for any service provided by the Registrar prior to the commencement of this amending and validating Act. Passed by the Parliament the day of , 2024. 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Section 46 empowers the Registrar to\nregister a plan of merger or consolidation between two or more limited liability companies.\nClause 2 amends section 46 to empower the Registrar to charge a fee for the registration of\nthe plan of merger or consolidation.\nClause 3 amends section 50 of the principal Act. Section 50 empowers the Registrar to\nregister a plan of merger or consolidation between one or more limited liability companies\nand one or more exempted companies. Clause 3 amends section 50 to empower the\nRegistrar to charge a fee for the registration of the plan of merger or consolidation.\nClause 4 amends section 51 of the principal Act. Section 51 empowers the Registrar to\nregister a plan of merger or consolidation between one or more limited liability companies\nand one or more foreign entities. Clause 4 amends section 51 to empower the Registrar to\ncharge a fee for the registration of the plan of merger or consolidation.\nClause 5 amends section 56 of the principal Act. Section 56 enables an exempted company\nto be reregistered as a limited liability company. Clause 5 amends section 56 to provide\nthat an application under the section is to be termed an \u2018application for reregistration\u2019, not\na \u2018conversion application\u2019.\nClause 6 inserts into the principal Act proposed new sections 59A and 59B. Proposed new\nsection 59A would empower the Registrar to charge a fee for the provision of\nadministrative services. Proposed new section 59B would set out a statutory basis for the\nRegistrar to provide certain express services for a prescribed fee (for example, express\nservices in respect of an application to convert an exempted company into a limited liability\ncompany).\nClauses 7 and 8 deal with the validation of fees collected, without statutory authority, by\nthe Registrar. Where those fees were charged and collected prior to the commencement of\nthis amending and validating legislation, clause 7 would validate the fees as if the Registrar\nwas empowered under this amending and validating legislation.\nClause 8 provides that this amending and validating legislation does not affect a court order\nrelating to fees collected by the Registrar without statutory authority for any service\nprovided by the Registrar before the commencement of this amending and validating\nlegislation.\n\nLimited Liability Companies (Amendment and Validation) Bill, 2024\nArrangement of Clauses\n\nc\n Introduced\nPage 5\n\nCAYMAN ISLANDS\n\nLIMITED LIABILITY COMPANIES (AMENDMENT\nAND VALIDATION) BILL, 2024\n\nArrangement of Clauses\nClause\nPage\n1.\nShort title and commencement ..................................................................................................7\n2.\nAmendment of section 46 of the Limited Liability Companies Act (2023 Revision) -\nmerger and consolidation ...........................................................................................................8\n3.\nAmendment of section 50 - merger or consolidation with exempted companies .........................8\n4.\nAmendment of section 51 - merger or consolidation with foreign companies ..............................8\n5.\nAmendment of section 56 - conversion of an exempted company to a limited liability\ncompany ....................................................................................................................................8\n6.\nInsertion of sections 59A and 59B - administrative services; express fees .................................8\n7.\nValidation of payment and collection of fees ..............................................................................9\n8.\nOrders or determinations by court not affected ........................................................................ 10\n\nLimited Liability Companies (Amendment and Validation) Bill, 2024\nClause 1\n\nc\n Introduced\nPage 7\n\nCAYMAN ISLANDS\n\nLIMITED LIABILITY COMPANIES (AMENDMENT\nAND VALIDATION) BILL, 2024\n\nA BILL FOR AN ACT TO AMEND THE LIMITED LIABILITY COMPANIES ACT (2023\nREVISION) IN ORDER TO PROVIDE A STATUTORY BASIS FOR THE REGISTRAR\u2019S\nCOLLECTION OF FEES FOR SEVERAL OF THE GENERAL REGISTRY\u2019S SERVICES;\nTO VALIDATE CERTAIN PREVIOUS REVENUE COLLECTION ACTIONS OF THE\nREGISTRAR; AND FOR INCIDENTAL AND CONNECTED PURPOSES\nENACTED by the Legislature of the Cayman Islands.\n1.\nShort title and commencement\n1.\n(1) This Act may be cited as the Limited Liability Companies (Amendment and\nValidation) Act, 2024.\n(2) This Act shall come into force on such date as may be appointed by Order made\nby the Cabinet and different dates may be appointed for different provisions of\nthis Act and in relation to different matters.\n\nClause 2\nLimited Liability Companies (Amendment and Validation) Bill, 2024\n\nPage 8\n Introduced\nc\n\n2.\nAmendment of section 46 of the Limited Liability Companies Act (2023\nRevision) - merger and consolidation\n2.\nThe Limited Liability Companies Act (2023 Revision), in this Act referred to as the\n\u201cprincipal Act\u201d, is amended in section 46(11) by deleting the words \u201capplicable fees\nunder this\u201d and substituting the words \u201cprescribed fees under this or any other\u201d.\n3.\nAmendment of section 50 - merger or consolidation with exempted\ncompanies\n3.\nThe principal Act is amended in section 50(2) and (3) by deleting the word\n\u201capplicable\u201d and substituting the word \u201cprescribed\u201d.\n4.\nAmendment of section 51 - merger or consolidation with foreign companies\n4.\nThe principal Act is amended in section 51(6) and (13) by deleting the word\n\u201capplicable\u201d and substituting the word \u201cprescribed\u201d.\n5.\nAmendment of section 56 - conversion of an exempted company to a limited\nliability company\n5.\nThe principal Act is amended in section 56(4) by deleting the words \u201cconversion\napplication\u201d and substituting the words \u201capplication for reregistration\u201d.\n6.\nInsertion of sections 59A and 59B - administrative services; express fees\n6.\nThe principal Act is amended by inserting after section 59 the following sections \u2014\n\u201cAdministrative services\n59A. A person shall pay to the Registrar the prescribed fee for the provision by\nthe Registrar of such administrative services as may be prescribed.\nExpress fees\n59B. (1) The Registrar, on receipt of \u2014\n(a)\na registration statement under section 5(2);\n(b) a plan of merger or consolidation, or any other document, under\nsection 46, 50 or 51;\n(c)\nan application for continuation as a limited liability company\nunder section 54;\n(d) an application for deregistration of a limited liability company\nunder section 55; or\n(e)\nan application for reregistration under section 56(4),\nwhich is accompanied by the prescribed express fee, shall complete the\ntransaction for which the respective document has been submitted by \u2014\n(i)\nthe end of the working day, where the document and all\nfees are received by 12 noon; or\n\nLimited Liability Companies (Amendment and Validation) Bill, 2024\nClause 7\n\nc\n Introduced\nPage 9\n\n(ii) 12 noon on the following working day, where the\ndocument and all fees are received after 12 noon.\n(2) Where this Act provides for or requires \u2014\n(a)\nthe filing of any document with the Registrar (other than the\nfiling of any document made as part of an application);\n(b) certifications by the Registrar;\n(c)\ncopies to be issued, made or provided by the Registrar;\n(d) the issuance of certificates by the Registrar; or\n(e)\nthe issuance of customised certificates or customised letters by\nthe Registrar,\non receipt of the prescribed express fee, the Registrar shall complete\nthe transaction by \u2014\n(i)\nthe end of the working day, where the relevant\ninformation and all fees are received by 12 noon; or\n(ii) 12 noon on the following working day, where the relevant\ninformation and all fees are received after 12 noon.\u201d.\n7.\nValidation of payment and collection of fees\n7.\nThe payment of fees to, and the charging and collection of fees by, the Registrar\nwithout statutory authority for any service provided by the Registrar prior to the\ncommencement of this amending and validating Act are \u2014\n(a)\nvalidated; and\n(b) taken to have been lawfully charged by, paid to and collected by the\nRegistrar,\nas if the Registrar was empowered under the principal Act as amended by this\namending and validating Act to charge and collect those fees.\n\nClause 8\nLimited Liability Companies (Amendment and Validation) Bill, 2024\n\nPage 10\n Introduced\nc\n\n8.\nOrders or determinations by court not affected\n8.\nThis amending and validating Act does not affect any order or determination made\nby a court with respect to fees charged by, paid to and collected by the Registrar\nwithout statutory authority for any service provided by the Registrar prior to the\ncommencement of this amending and validating Act.\nPassed by the Parliament the\nday of\n, 2024.\nSpeaker\nClerk of the Parliament","akn_extracted_at":"2026-06-22 15:41:54.351573+00","cms_id":"2024-0019","law_type":"bill","year":"2024","number":"19","title":"Partnership (Amendment and Validation) Act, 2024 (Act 19 of 2024)","status":"bill"},"provenance":{"files":[{"file_id":"7138","expr_id":"2339","kind":"akn_xml","filename":"2024-0019.akn.xml","source_url":null,"storage_path":"\/Users\/q\/kyleg-data\/working\/BILLS\/2024\/2024-0019\/2024-0019.akn.xml","content_md5":"a4a8fc7d68cd47afab6412a7d0f59cf4","byte_size":"12157","http_last_modified":null,"fetched_at":"2026-06-22 15:41:54.434284+00"},{"file_id":"4677","expr_id":"2339","kind":"pristine_pdf","filename":"2024-0019.pdf","source_url":"\/cms\/images\/LEGISLATION\/BILLS\/2024\/2024-0019\/2024-0019.pdf","storage_path":"\/Users\/q\/kyleg-data\/pristine\/BILLS\/2024\/2024-0019\/2024-0019.pdf","content_md5":"698b69728257a5ec66d2cf076557a2ec","byte_size":"250882","http_last_modified":null,"fetched_at":"2026-06-16 04:01:11.373474+00"},{"file_id":"4678","expr_id":"2339","kind":"working_pdf","filename":"2024-0019.pdf","source_url":"\/cms\/images\/LEGISLATION\/BILLS\/2024\/2024-0019\/2024-0019.pdf","storage_path":"\/Users\/q\/kyleg-data\/working\/BILLS\/2024\/2024-0019\/2024-0019.pdf","content_md5":"698b69728257a5ec66d2cf076557a2ec","byte_size":"250882","http_last_modified":null,"fetched_at":"2026-06-16 04:01:11.373474+00"}],"paragraph_count":17,"latest_history":null},"quality":{"expr_id":"2339","doc_id":"2339","quality_state":"known_issue","quality_score":"55","needs_human_review":"t","deterministic_categories":"{commencement_metadata_problem,duplicate_text,page_header_footer_noise,title_mismatch}","llm_categories":"{}","repair_actions":"{collapse_duplicate_text,strip_page_furniture,verify_commencement_metadata,verify_title_metadata}","finding_severity_counts":"{\"low\": 2, \"high\": 1, \"medium\": 1}","finding_summary":"stored title is not visible in the opening extracted text; repeated line furniture detected: cayman islands x3; introduced x7; limited liability companies amendment and validati x6","assessed_at":"2026-06-22 15:29:46.550723+00","updated_at":"2026-06-22 15:29:46.550723+00"}}