Gupta Saurabh & Co.

LIMITED LIABILITY PARTNERSHIPS ACT 2012

1. Short title and commencement

2. Interpretation

3. Separate legal personality and capacity

4. Non-applicability of partnership law

5. Appointment of the registrar of limited liability partnerships etc.

6. Formation of limited liability partnerships

7. Carrying on business with less than minimum partners

8. Partnership for professional practice

9. Limited liability partnership agreement

10. Application for registration

11. Registration of limited liability partnerships

12. Power to refuse registration

13. Name of limited liability partnership

14. Reservation of names

15. Change of name of limited liability partnership

16. Power of registrar to require change of names

17. Registration of changes in particulars

18. Registered office

19. Registers and documents to be kept at registered office

20. Publication of names

21. Limited liability of partners

22. Liability of partners when limited liability partnership is insolvent

23. Power of partner to bind the limited liability partnership

24. Cessation of partnership interest

25. Bankruptcy of partner

26. Assignment of interests

27. Compliance officer

28. Disqualification to act as a compliance officer

29. Conversion from conventional partnership to limited liability partnership

30. Conversion from private company to limited liability partnership

31. Statements to be lodged

32. Registration of conversion

33. Effect of registration

34. Pending proceedings

35. Continuance of conviction, ruling, order or judgment

36. Existing agreements

37. Existing contracts, etc.

38. Continuance of employment

39. Existing appointment, authority or power

40. Non-application of sections 33 to 39

41. Liabilities and obligations of partners before conversion

42. Notice of conversion in invoices and correspondence

43. Existing statutory books, registers, records, etc.

44. Foreign limited liability partnerships

45. Registration of foreign limited liability partnerships

46. Requirements of foreign limited liability partnerships

47. Cessation of business in Malaysia

48. Liquidation or dissolution of foreign limited liability partnerships in place of incorporation, establishment or origin

49. Receivership and winding-up by the court

50. Voluntary winding-up

51. Power of registrar to strike-off limited liability partnerships from the register

52. Revocation of dissolution

53. Power of registrar to represent dissolved limited liability partnerships in certain circumstances

54. Outstanding assets of dissolved limited liability partnerships to vest in registrar

55. Provision of information

56. Power to conduct inspection

57. Power of investigation

58. Search and seizure with warrant

59. Search and seizure without warrant

60. Access to computerized data

61. Warrant admissible notwithstanding defects

62. List of things seized

63. Release of things seized

64. Power to require attendance of person acquainted with case

65. Examination of person acquainted with case

66. Admissibility of statements in evidence

67. No cost or damages arising from seizure to be recoverable

68. Annual declaration

69. Accounting and other records to be kept

70. Registers

71. Rectification of registers

72. Relodging of lost registered documents

73. Service for electronic lodgement of documents

74. Issuing documents electronically

75. Information certified by registrar admissible in evidence

76. Service of documents on limited liability partnerships

77. Power to issue guidelines, practice notes, etc.

78. Power to take action

79. Fees

80. Offence of false and misleading statements

81. Offence for improper use of the words "Perkongsian liabiliti terhad"

82. Destruction, concealment, mutilation and alteration of records

83. Obstruction

84. Tipping-off

85. Offences by body corporate

86. General penalty

87. Compounding of offences

88. Institution of prosecution

89. Protection against suit and legal proceedings

90. Protection to certain partners, officers or employees who make disclosures

91. Power to make regulations

92. Power to amend schedules

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