Investment Limited Partnerships Act, 1994
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Notification of refusal of authorisation and application to court. |
9.—(1) Where the Bank decides to refuse an application for authorisation of an investment limited partnership under section 8 , it shall notify the proposed general partner making the application of its decision and of the reasons therefor. | |
(2) Where the Bank refuses, or fails to take a decision on, an application for authorisation of an investment limited partnership within three months of the submission of an application properly made in accordance with the requirements of section 8 , any proposed general partner may apply to the Court in accordance with section 32 . |