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90. Protection to certain partners, officers or employees who make disclosures (1) Where a partner, an officer or employee of a limited liability partnership in the course of performance of his duties has reasonable belief of any matter which may or will constitute a breach or non-observance of the provisions this Act or its subsidiary legislation, or has reason to believe that a serious offence involving fraud or dishonesty has been, is being or is likely to be committed against the limited liability partnership or this Act by any partner or officer of the limited liability partnership, he may report the matter in writing to the Registrar. (2) No partner, officer or employee of the limited liability partnership may be discharged, demoted, suspended, threatened or harassed or in any other manner be discriminated against the terms and conditions of the limited liability partnership agreement, contract of employment or other instrument by reason of the report submitted to him under subsection (1). (3) No partner, officer or employee of the limited liability partnership shall be liable to be sued in any court nor be subject to any tribunal process, including disciplinary action for any report submitted by him under subsection (1) provided that the report is made in good faith. (4) For the purpose of this section-
(a)"a serious offence involving fraud or dishonesty" means an offence that is punishable by imprisonment for a term of not less than two years; and
(b)"officer" means-
(i) a compliance officer; and
(ii) a receiver or manager of any part of the undertaking of the limited liability partnership appointed under a power contained in any instrument.
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All areas of taxation : Personal Tax, Corporate Tax. | Suggesting legal structure of business entities. | Transactional advisory - optimal deal structure | T
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