Partnerships Ordinance Amendment (No. 6) Bill

What does the bill do?

The proposal replaces the requirement to publish in the Official Gazette (Reshumot) notices regarding the registration of partnerships and changes to them with publication on the Ministry of Justice website and making them available for public inspection in the partnership file. The proposal also abolishes the requirement to deliver the partnership agreement to the registrar and the requirement for the Minister of Justice's approval of the regulations, and allows notices to be submitted in additional ways, including online. The proposal also introduces authorization for the Minister of Justice to set actions that will not be considered participation in management on the part of a limited partner, in order to clarify their status and rights.