Initial and relevant obligations
Financial Statements and annual return
Where the sole or all the general partners are companies or partnerships, then the partnership is obliged to file with the Registrar of Companies the annual return (form Σ5) together with the financial statements within six (6) months from the end of the financial year.
The general partners are responsible for ensuring the preparation of a complete set of the annual financial statements of the partnership, in accordance with the International Financial Reporting Standards.
The financial statements shall be presented to the general meeting no later than eighteen months (18) after the incorporation of the partnership, and subsequently at least once (1) per calendar year.
The general partners are responsible for maintaining the accounting books and records on the basis of which the financial statements will be prepared, explaining correctly and precisely all the transactions of the partnership and allowing the assessment of the financial position of the partnership at any time.
