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Limited Liability Partnerships 1

laws OF MalaYsIa

a 743

lIMIted lIabIlItY PartnershIPs act 2012

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2 Laws of Malaysia Act 743

Date of Royal Aent ... ... 2 February 2012

Date of publaton n theGazette ... ... ... 9 February 2012

Pui copyig c

Percetakan nasIOnal MalaYsIa berhadAll rght reerved. No part of th publaton may be reprodued, tored n a retreval ytem or tranmtted n any form or by any meaneletron, mehanal, photoopyng, reordng and/or otherwe wthout the pror permon ofP nio Myi b(appoi Pi o Govm of Myi).

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laws OF MalaYsIa

a 743


ARRANGEMENT OF sEcTiONs

Part i

PRELiMiNARY

seton

1. short ttle and ommenement

2. interpretaton

Part ii

FUNDAMENTALs OF A LiMiTED LiABiLiTY PARTNERsHiP

3. separate legal peronalty and apaty

4. Non-applablty of partnerhp law

Part iii

FORMATiON AND REGisTRATiON

5. Appontment of the Regtrar of Lmted Lablty Partnerhp, etc.

6. Formaton of lmted lablty partnerhp

7. carryng on bune wth le than mnmum partner

8. Partnerhp for profeonal prate

9. Lmted lablty partnerhp agreement

10. Applaton for regtraton11. Regtraton of lmted lablty partnerhp

12. Power to refue regtraton

13. Name of lmted lablty partnerhp

14. Reervaton of name

15. change of name of lmted lablty partnerhp

16. Power of Regtrar to requre hange of name

17. Regtraton of hange n partular

18. Regtered offe19. Regter and doument to be kept at the regtered offe

20. Publaton of name

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Part iV

MANAGEMENT OF A LiMiTED LiABiLiTY PARTNERsHiP

seton

21. Lmted lablty of partner

22. Lablty of partner when lmted lablty partnerhp nolvent

23. Power of partner to bnd the lmted lablty partnerhp

24. ceaton of partnerhp nteret

25. Bankrupty of partner

26. Agnment of nteret

27. complane offer

28. Dqualfaton to at a a omplane offer

Part V

cONVERsiON TO LiMiTED LiABiLiTY PARTNERsHiPs

29. converon from onventonal partnerhp to lmted lablty

partnerhp

30. converon from prvate ompany to lmted lablty partnerhp

31. statement to be lodged

32. Regtraton of onveron

33. Effet of regtraton

34. Pendng proeedng

35. contnuane of onvton, rulng, order or judgement

36. Extng agreement

37. Extng ontrat, etc.

38. contnuane of employment

39. Extng appontment, authorty or power

40. Non-applaton of eton 33 to 39

41. Lablte and oblgaton of partner before onveron

42. Note of onveron n nvoe and orrepondene

43. Extng tatutory book, regter, reord, etc.

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Part Vi

FOREiGN LiMiTED LiABiLiTY PARTNERsHiPs

seton

44. Foregn lmted lablty partnerhp

45. Regtraton of foregn lmted lablty partnerhp

46. Requrement of foregn lmted lablty partnerhp

47. ceaton of bune n Malaya

48. Lqudaton or doluton of foregn lmted lablty partnerhp nplae of norporaton, etablhment or orgn

PartVii

WiNDiNG-UP, DissOLUTiON AND sTRiKiNG-OFF

49. Reeverhp and wndng-up by the court

50. Voluntary wndng-up

51. Power of Regtrar to trke-off lmted lablty partnerhp from theregter

52. Revoaton of doluton

53. Power of Regtrar to repreent dolved lmted lablty partnerhp

n ertan rumtane

54. Outtandng aet of dolved lmted lablty partnerhp to vet nRegtrar

Part Viii

ENFORcEMENT

55. Provon of nformaton

56. Power to ondut npeton

57. Power of nvetgaton

58. searh and ezure wth warrant

59. searh and ezure wthout warrant

60. Ae to omputerzed data

61. Warrant admble notwthtandng defet

62. Lt of thng ezed

63. Releae of thng ezed

64. Power to requre attendane of peron aquanted wth ae

65. Examnaton of peron aquanted wth ae

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66. Admblty of tatement n evdene

67. No ot or damage arng from ezure to be reoverable

Part iX

GENERAL

68. Annual delaraton

69. Aountng and other reord to be kept

70. Regter

71. Retfaton of regter

72. Relodgng of lot regtered doument

73. serve for eletron lodgement of doument

74. iung doument eletronally

75. informaton ertfed by Regtrar admble n evdene

76. serve of doument on lmted lablty partnerhp

77. Power to ue gudelne, prate note, etc.

78. Power to take aton

79. Fee80. Offene of fale and mleadng tatement

81. Offene for mproper ue of the word Perkongan Lablt Terhad

82. Detruton, onealment, mutlaton and alteraton of reord

83. Obtruton

84. Tppng-off

85. Offene by body orporate

86. General penalty

87. compoundng of offene

88. inttuton of proeuton

89. Proteton agant ut and legal proeedng

90. Proteton to ertan partner, offer or employee who makedloure

91. Power to make regulaton

92. Power to amend shedule

First schedule

second schedule

third schedule

seton

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laws OF MalaYsIa

a 743


An At to provde for the regtraton, admntraton and

doluton of lmted lablty partnerhp and to provde forrelated matter.

[ ]

enacted by the Parlament of Malaya a follow:

Part i

PRELiMiNARY

so i ommm

1. (1) Th At may be ted a the Lmted Lablty Partnerhp

At 2012.

(2) Th At ome nto operaton on a date to be appontedby the Mnter by notfaton n the Gazette.

Ipio

2. in th At, unle the ontext otherwe requre

annual delaraton mean a delaraton requred to be lodgedby a lmted lablty partnerhp under eton 68;

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approved lqudator ha the meanng agned to t n thecompane At 1965 [Act 125] and nlude the Dretor Generalof inolveny when atng a a lqudator of a lmted lablty

partnerhp;

body orporate mean any body orporate formed ornorporated or extng wthn Malaya or outde Malaya andnlude any foregn ompany, lmted lablty partnerhp andforegn lmted lablty partnerhp regtered under th At butdoe not nlude

(a) any body orporate that norporated wthn Malayaand by note of the Mnter publhed n the Gazettedelared to be a publ authorty or an ntrumentalty orageny of the Government of Malaya or of any stateor to be a body orporate whh not norporated forommeral purpoe;

(b) any orporaton ole;

(c) any oety regtered under any wrtten law relatng too-operatve oete; and

(d) any trade unon regtered under any wrtten law a a

trade unon;

common mean the compane common of Malayaetablhed under the compane common of Malaya At2001 [Act 614];

onventonal partnerhp mean a partnerhp regteredunder the Regtraton of Bunee At 1956 [Act 197] and apartnerhp etablhed by two or more peron for the purpoeof arryng on any profeonal prate;

court mean the Hgh court or a judge of the Hgh court;

Dretor General of cutom and Exe mean the DretorGeneral of cutom and Exe apponted under eton 3 of thecutom At 1967 [Act 235];

Dretor General of inolveny ha the meanng agned tot n the Bankrupty At 1967 [Act 360];

dtrbuton mean dtrbuton of dvdend, proft, returnor refund of aptal by the lmted lablty partnerhp, whethern ah or n knd;

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doument ha the meanng agned to t n the EvdeneAt 1950 [Act 56];

fnanal year mean the perod n repet of whh anyproft and lo aount of a lmted lablty partnerhp madeup, whether that perod a year or not;

inland Revenue Board mean the inland Revenue Board ofMalaya etablhed under the inland Revenue Board of MalayaAt 1995 [Act 533];

lmted lablty partnerhp mean a lmted lablty partnerhp

regtered under eton 11 or a foregn lmted lablty partnerhpregtered under eton 45;

lmted lablty partnerhp agreement, n relaton to a lmtedlablty partnerhp, mean a wrtten agreement between thepartner of the lmted lablty partnerhp or between the lmtedlablty partnerhp and t partner whh determne the mutualrght and dute of the partner among themelve and therrght and dute n relaton to the lmted lablty partnerhp;

Mnter mean the Mnter harged wth the reponbltyfor domet trade;

partner, n relaton to a lmted lablty partnerhp, mean anyperon who ha been admtted a a partner n the lmted labltypartnerhp n aordane wth the lmted lablty partnerhpagreement, and nlude a alared partner whether or not he an employee of the lmted lablty partnerhp;

prerbed mean prerbed by the Mnter by regulatonmade under th At;

prvate ompany ha the meanng agned to t n thecompane At 1965;

profeonal prate mean the prate a pefed n thefrt olumn of the Frt shedule whh governed by the wrttenlaw a pefed n the eond olumn of the Frt shedule,

repetvely;

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property, n relaton to a lmted lablty partnerhp, nlude

land, money, good, hoe n aton, goodwll, and every valuable

thng, whether orporeal or norporeal, movable or mmovable,

and whether tuated n Malaya or elewhere and alo nludeoblgaton, ervtude, and every derpton of etate, nteret

and proft, preent or future, veted or ontngent, arng out of

or ndent to the property;

regter mean any regter kept and mantaned under th

At;

Regtrar mean the Regtrar of Lmted Lablty Partnerhp

a degnated under ubeton 5(1) and nlude any AtantRegtrar apponted under ubeton 5(2).

Part ii

FUNDAMENTALs OF A LiMiTED LiABiLiTY PARTNERsHiP

sp g poiy piy

3. (1) A lmted lablty partnerhp a body orporate andhall have legal peronalty eparate from that of t partner.

(2) A lmted lablty partnerhp hall have perpetual

ueon.

(3) Any hange n the partner of a lmted lablty partnerhp

hall not affet the extene, rght or lablte of the lmted

lablty partnerhp.

(4) A lmted lablty partnerhp hall have unlmted apaty

and hall be apable of

(a) ung and beng ued;

(b) aqurng, ownng, holdng and developng or dpong

of property; and

(c) dong and ufferng uh other at and thng a bode

orporate may lawfully do and uffer.

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no-ppiiiy of pip

4. The provon of the Partnerhp At 1961 [Act 135], and the

rule of equty and of ommon law applable to partnerhp,hall not be applable to a lmted lablty partnerhp regteredunder th At.

Part iii

FORMATiON AND REGisTRATiON

appoim of rgi of limi liiiy Pip,etc.

5. (1) The chef Exeutve Offer of the common hall bethe Regtrar of Lmted Lablty Partnerhp.

(2) The common may appont, on uh term and ondtona t may determne, from amongt the peron n the employmentof the common uh number of Atant Regtrar or otheremployee for the proper admntraton of th At, and mayrevoke the appontment of any peron o apponted.

(3) subjet to the general dreton and ontrol of the Regtrarand to uh retrton and lmtaton a may be prerbed,anythng apponted or authorzed or requred by th At to bedone or gned by the Regtrar may be done or gned by anAtant Regtrar and hall be a vald and effetual a f doneor gned by the Regtrar.

(4) No peron dealng wth an Atant Regtrar hall beonerned to ee or nqure whether any retrton or lmtatonhave been prerbed, and every at or omon of an AtantRegtrar o far a t affet any uh peron hall be a valdand effetual a f done or omtted by the Regtrar.

Fomio of imi iiiy pip

6. subjet to eton 7 and 8, any two or more peron, ontngof, wholly or partly, ndvdual or bode orporate, aoated

for arryng on any lawful bune wth a vew to proft mayform a lmted lablty partnerhp n aordane wth the termof the lmted lablty partnerhp agreement.

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cyig o ui i miimum p

7. (1) A lmted lablty partnerhp may arry on bune wth

fewer than two partner for a perod not exeedng x month ora longer perod a may be determned by the Regtrar upon anapplaton from the remanng partner, provded that the perodo extended by the Regtrar doe not exeed one year.

(2) if a lmted lablty partnerhp arre on bune wthfewer than two partner for a perod longer than the perod referredto n ubeton (1), a peron hall, notwthtandng ubeton21(1) and (2), be peronally lable, jontly and everally wththe lmted lablty partnerhp, for any oblgaton of the lmtedlablty partnerhp nurred durng the perod that the lmtedlablty partnerhp o arre on bune after the perod referredto n ubeton (1) f, at the tme the oblgaton wa nurred,the peron

(a) wa a partner of the lmted lablty partnerhp; and

(b) knew or ought to have known that the lmted labltypartnerhp wa arryng on bune wth fewer thantwo partner for a perod longer than the perod referred

to n ubeton (1).

(3) if a lmted lablty partnerhp arre on bune wthfewer than two partner for a perod longer than the perodreferred to n ubeton (1)

(a) the lmted lablty partnerhp; and

(b) the peron who a partner durng the perod that thelmted lablty partnerhp o arre on bune after

the perod referred to n ubeton (1) and ognzantof the fat that t arryng on bune wth fewerthan two partner durng that perod,

ommt an offene and hall, on onvton, be lable to a fnenot exeedng two hundred thouand rnggt.

(4) Upon onvton of the lmted lablty partnerhp underubeton (3), the ourt may order the lmted lablty partnerhp

to be dolved and t name to be truk-off the regter.

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Pip fo pofio pi

8. A lmted lablty partnerhp may be formed for the purpoe

of arryng on a profeonal prate whh partner hall (a) ont of natural peron who are pratng the ame

profeonal prate and no one ele; and

(b) have n fore profeonal ndemnty nurane over foran amount of not le than the amount

() approved by the Regtrar; or

() n the ae where the profeonal prate governed

by a governng body a pefed under the thrdolumn of the Frt shedule, approved by theRegtrar after onultaton wth the governngbody.

limi iiiy pip gm

9. (1) Exept a otherwe provded by th At, the mutual rght

and dute of the partner of a lmted lablty partnerhp, andthe mutual rght and dute of the lmted lablty partnerhpand t partner, hall be governed

(a) by the lmted lablty partnerhp agreement; and

(b) n the abene of agreement a to any matter et out nthe seond shedule, by any provon relatng to thatmatter a et out n the seond shedule.

(2) The lmted lablty partnerhp agreement hall be n thenatonal language or Englh language, and hall ont of thefollowng partular:

(a) the name of the lmted lablty partnerhp;

(b) the nature of bune of the l mted labl typartnerhp;

(c) the amount of aptal ontrbuton by eah partner; and

(d) that the partner have agreed to beome partner of thelmted lablty partnerhp.

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appiio fo giio

10. (1) A peron may apply for regtraton of a lmted lablty

partnerhp to the Regtrar and the applaton hall be aompanedby the prerbed fee and uh doument a may be pefed

by the Regtrar.

(2) The applaton under ubeton (1) hall nlude a

tatement whh gned by every peron who to be a partner

of the lmted lablty partnerhp ontanng the followng

partular:

(a) the name of the propoed lmted lablty partnerhp;

(b) the general nature of the propoed bune of the lmted

lablty partnerhp;

(c) the propoed regtered offe of the lmted lablty

partnerhp;

(d) the name, natonalty and the uual plae of redene of

every peron who to be a partner and, where any of the

partner a body orporate, the orporate name, plae

of norporaton, etablhment or orgn, regtraton

number and regtered offe of the body orporate;

(e) the name, natonalty and the uual plae of redene of

every peron who to be a omplane offer of the

lmted lablty partnerhp; and

(f) uh other relevant nformaton a may be pefed by

the Regtrar.

(3) Where a lmted lablty partnerhp formed for the

purpoe of arryng on any profeonal prate, the applaton

under ubeton (1) hall be aompaned by an approval letter

from the relevant governng body a pefed n the thrd olumn

of the Frt shedule, where applable.

(4) The Regtrar may, n any partular ae, requre the

tatement and approval letter referred to n ubeton (2) and

(3) repetvely, to be verfed n uh manner a the Regtraronder ft.

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rgiio of imi iiiy pip

11. (1) Upon beng atfed that the applaton under eton 10

ha ompled wth the requrement of regtraton under thAt, the Regtrar hall

(a) regter the lmted lablty partnerhp and alloate aregtraton number for the lmted lablty partnerhp;and

(b) ue a note of regtraton n uh form a the Regtrarmay determne.

(2) On and from the date of regtraton pefed n the note

of regtraton ued under ubeton (1), there hall be a lmtedlablty partnerhp by the name and regtraton number apefed n the note.

(3) The note of regtraton under ubeton (1) onluveevdene that the requrement of th At n repet of theregtraton have been ompled wth and that the lmted labltypartnerhp duly regtered under th At.

(4) Upon applaton by a lmted lablty partnerhp and onpayment of the prerbed fee, the Regtrar may ue to thatlmted lablty partnerhp a ertfate of regtraton n uhform a the Regtrar may determne.

(5) The regtraton of any lmted lablty partnerhp hallnot be taken to mply that the requrement of any other wrttenlaw n relaton to any bune arred on by that lmted labltypartnerhp have been ompled wth.

Po o fu giio

12. (1) Notwthtandng any provon of th At, the Regtrarhall refue to regter a lmted lablty partnerhp under thAt where he atfed that

(a) the regtraton of the lmted lablty partnerhp wouldbe ontrary to the natonal eurty or nteret; or

(b) the propoed bune lkely to be ued for() a hartable purpoe;

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() an unlawful purpoe; or

() purpoe prejudal to publ peae, welfare orgood order or moralty n Malaya.

(2) Any peron aggreved by the deon of the Regtrarunder ubeton (1) may, wthn thrty day of the date of thedeon, appeal to the Mnter whoe deon hall be fnal.

nm of imi iiiy pip

13. (1) The name of a lmted lablty partnerhp hall end

wth the word Perkongan Lablt Terhad or the abbrevatonPLT.

(2) Exept wth the onent of the Mnter, a lmted labltypartnerhp hall not be regtered under a name that n the opnonof the Regtrar

(a) underable;

(b) dental to an extng body orporate or bune;

(c) dental to a name that beng reerved under th Ator the compane At 1965; or

(d) a name of a knd that the Mnter ha dreted theRegtrar not to aept for regtraton.

(3) The Regtrar hall publh n the Gazette any dretonreferred to n paragraph (2)(d).

rvio of m

14. (1) A peron may apply to the Regtrar for the reervatonof a name a

(a) the name of the propoed lmted lablty partnerhppror to t regtraton; or

(b) the name to whh a lmted lablty partnerhp propoe

to hange t name under eton 15.

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(2) Upon beng atfed that the name not one whh maybe refued on any ground referred to n ubeton 13(2) andon payment of the prerbed fee, the Regtrar may reerve the

name for a perod of thrty day from the date of lodgment of theapplaton or uh longer perod a the Regtrar may allow.

cg of m of imi iiiy pip

15. (1) A lmted lablty partnerhp may hange t name toa name that aeptable by the Regtrar n aordane wtheton 13.

(2) Where a lmted lablty partnerhp hange t name underth eton, the Regtrar hall

(a) enter the new name n the regter n plae of the formername; and

(b) ue a note of onfrmaton of the hange of name.

(3) The hange of name under th eton hall have effetfrom the date on whh the note of onfrmaton wa ued

under paragraph (2)(b).

(4) A hange of name of a lmted lablty partnerhp underth At doe not

(a) affet any rght or oblgaton of the lmted labltypartnerhp; or

(b) render defetve any legal proeedng by or agant thelmted lablty partnerhp.

(5) Any legal proeedng that mght have been ontnued orommened agant the lmted lablty partnerhp by t formername may be ontnued or ommened agant t by t newname.

Po of rgi o qui g of m

16. (1) The Regtrar may dret a lmted lablty partnerhp to

hange t name, f n h opnon, the name by whh the lmtedlablty partnerhp regtered a name whh prohbtedfrom regtraton under ubeton 13(2).

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(2) if a dreton ued under ubeton (1), the lmted

lablty partnerhp hall omply wth the dreton wthn thrty

day from the date of the dreton or uh longer perod a the

Regtrar may allow.

(3) Any lmted lablty partnerhp whh fal to omply wth

a dreton gven under ubeton (2) ommt an offene and

hall, on onvton, be lable to a fne not exeedng ten thouand

rnggt and, n the ae of a ontnung offene, to a further fne

not exeedng fve hundred rnggt for eah day durng whh the

offene ontnue after onvton.

rgiio of g i piu

17. (1) if any hange made or our n the regtered partular

of a lmted lablty partnerhp, the lmted lablty partnerhp

hall notfy the Regtrar of uh hange wthn fourteen day or

uh further perod a the Regtrar may on applaton allow.

(2) The Regtrar may, upon reept of the notfaton referred

to n ubeton (1) and on payment of the prerbed fee, regteruh hange.

(3) Notwthtandng ubeton (1), f any peron who eae to

be a partner n a lmted lablty partnerhp reaonably beleve

that the lmted lablty partnerhp ha not notfed the fat of the

eaton to the Regtrar uh partner may lodge the notfaton

of eaton wth the Regtrar.

(4) The Regtrar may, n any partular ae, requre a notfatonlodged under ubeton (1) to be retfed by the lmted lablty

partnerhp n uh manner a the Regtrar onder ft.

(5) A lmted lablty partnerhp whh fal to omply wth

ubeton (1) ommt an offene and hall, on onvton, be

lable to a fne not exeedng ten thouand rnggt and, n the

ae of a ontnung offene, to a further fne not exeedng fve

hundred rnggt for eah day durng whh the offene ontnue

after onvton.

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rgi offi

18. (1) A lmted lablty partnerhp hall at all tme have a

regtered offe n Malaya to whh all ommunaton andnote may be addreed.

(2) A lmted lablty partnerhp may hange the addre oft regtered offe from tme to tme by lodgng a note ofhange wth the Regtrar n aordane wth eton 17.

(3) Notwthtandng ubeton (2), untl the end of a perod ofthrty day begnnng on the date on whh a hange of addre

of a lmted lablty partnerhp regtered, a peron mayvaldly erve any doument on the lmted lablty partnerhpat t prevou regtered offe.

(4) A lmted lablty partnerhp and t partner who falto omply wth ubeton (1) ommt an offene and hall, ononvton, be lable to a fne not exeedng ten thouand rnggtand, n the ae of a ontnung offene, to a further fne notexeedng fve hundred rnggt for eah day durng whh theoffene ontnue after onvton.

rgi oum o p gi offi

19. (1) A lmted lablty partnerhp hall keep at t regteredoffe

(a) a note of regtraton ued under paragraph 11(1)(b);

(b) a regter of the name and addre of eah partner andomplane offer;

(c) a opy of the mot reent annual delaraton;

(d) a opy of any tatement lodged wth the Regtrar underth At;

(e) a opy of any ertfate, f any, ued by the Regtrarunder th At;

(f) a opy of the lmted lablty partnerhp agreement andany amendment thereto;

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(g) a opy of any ntrument relatng to any harge reatedby the lmted lablty partnerhp; and

(h) any other doument that the Regtrar may, from tme

to tme, requre to be kept.

(2) The doument kept under ubeton (1) hall be madeavalable for npeton and opyng durng ordnary bunehour at the requet of a partner.

(3) A lmted lablty partnerhp whh fal to omply wthubeton (1) ommt an offene and hall, on onvton, belable to a fne not exeedng ten thouand rnggt and, n the

ae of a ontnung offene, to a further fne not exeedng fvehundred rnggt for eah day durng whh the offene ontnueafter onvton.

Puiio of m

20. (1) Every lmted lablty partnerhp hall dplay t nameand regtraton number outde t regtered offe and plae ofbune.

(2) Notwthtandng ubeton (1), the Regtrar may, onthe applaton of a lmted lablty partnerhp, exempt thelmted lablty partnerhp from all or any requrement underubeton (1) f he atfed that t not pratable for thelmted lablty partnerhp to do o.

(3) The name and regtraton number of the lmted labltypartnerhp hall appear on every letterhead, nvoe, bll, publatonnludng eletron medum, webte or other offal doumentued by the lmted lablty partnerhp.

(4) if a lmted lablty partnerhp ha hanged t name undereton 15, the former name of the lmted lablty partnerhphall appear beneath t preent name on every letterhead, nvoe,bll, publaton nludng eletron medum, webte or otheroffal doument ued by the lmted lablty partnerhp fora perod of twelve month from the date of uh hange.

(5) A lmted lablty partnerhp whh fal to omply wthth eton ommt an offene and hall, on onvton, be lableto a fne not exeedng ten thouand rnggt and, n the ae of a

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ontnung offene, to a further fne not exeedng fve hundredrnggt for eah day durng whh the offene ontnue afteronvton.

Part iV

MANAGEMENT OF A LiMiTED LiABiLiTY PARTNERsHiP

limi iiiy of p

21. (1) Any oblgaton of a lmted lablty partnerhp whetherarng n ontrat, tort or otherwe, olely the oblgaton ofthe lmted lablty partnerhp.

(2) A partner not peronally lable, dretly or ndretly, byway of ndemnfaton, ontrbuton, aement or otherwe,for an oblgaton referred to n ubeton (1) olely by reaonof beng a partner of the lmted lablty partnerhp.

(3) subeton (1) and (2) hall not affet the peronal labltyof a partner n tort for h own wrongful at or omon, but apartner hall not be peronally lable for the wrongful at or omon

of any other partner of the lmted lablty partnerhp.

(4) Where a partner of a lmted lablty partnerhp lableto any peron, other than another partner of the lmted labltypartnerhp, a a reult of that partner wrongful at or omonn the oure of the bune of the lmted lablty partnerhpor wth t authorty, the lmted lablty partnerhp lable tothe ame extent a the partner.

(5) The lablte of the lmted lablty partnerhp hall be

borne out of the property of the lmted lablty partnerhp.

liiiy of p imi iiiy pip iiov

22. (1) Notwthtandng anythng under th At, a partner orformer partner of a lmted lablty partnerhp who reeve adtrbuton from the lmted lablty partnerhp

(a) when the lmted lablty partnerhp nolvent and knewor ought to have known at the tme of the dtrbutonthat the lmted lablty partnerhp wa nolvent; or

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(b) whh reult n the lmted lablty partnerhp beomngnolvent and knew or ought to have known at the tmeof dtrbuton that the lmted lablty partnerhp would

beome nolvent a a reult of the dtrbuton,

hall be peronally lable to the lmted lablty partnerhp forthe amount or value of the dtrbuton f t wa reeved wthna perod of two year before the ommenement of the wndng-up of the lmted lablty partnerhp.

(2) For the purpoe of th eton

(a) a lmted lablty partnerhp nolvent f t , at that

tme, unable to pay t debt a they beome due n thenormal oure of bune; and

(b) a partner or former partner hall be deemed to havereeved a dtrbuton f the dtrbuton reeved bythat partner or former partner agnee or nomnee.

Po of p o i imi iiiy pip

23. (1) Every partner of a lmted lablty partnerhp theagent of the lmted lablty partnerhp.

(2) Notwthtandng ubeton (1), a lmted lablty partnerhp not bound by anythng done by a partner n dealng wth aperon f

(a) the partner atng wthout authorty; and

(b) the peron wth whom the partner dealng

() know that the partner ha no authorty; or

() doe not know that he a partner of the lmtedlablty partnerhp.

(3) Where a peron ha eaed to be a partner of a lmtedlablty partnerhp, the former partner to be regarded, n relatonto any peron dealng wth the lmted lablty partnerhp, atll beng a partner of the lmted lablty partnerhp unle

(a) the peron dealng wth the lmted lablty partnerhpknow that the former partner ha eaed to be a partnerof the lmted lablty partnerhp; or

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(b) a note that the former partner ha eaed to be a partnerof the lmted lablty partnerhp ha been lodged wththe Regtrar by the lmted lablty partnerhp or the

former partner.

(4) For the purpoe of ubeton (2), no peron deemed tohave note of any lak of authorty of a partner by reaon onlythat the fat made avalable by the Regtrar for npeton.

cio of pip i

24. (1) A partner of a lmted lablty partnerhp may eae to

be a partner

(a) n aordane wth the lmted lablty partnerhpagreement; or

(b) n the abene of uh agreement, by that partner gvngthrty day note to the other partner of that partnerntenton to regn a a partner.

(2) Wthout affetng the generalty of ubeton (1)

(a) a partner of a lmted lablty partnerhp hall eae tobe a partner upon the death or doluton of the partner;and

(b) n the ae of a lmted lablty partnerhp whh formed for the purpoe of arryng on any profeonalprate, a partner hall eae to be a partner f he habeen dqualfed from arryng out the profeonalprate under the relevant governng law a pefedn the thrd olumn of the Frt shedule.

(3) Where a partner of a lmted lablty partnerhp eaeto be a partner, unle otherwe provded n the lmted labltypartnerhp agreement, uh partner, h peronal repreentatveor t lqudator, a the ae may be, hall be enttled to reevefrom the lmted lablty partnerhp an amount

(a) equal to the former partner aptal ontrbuton to thelmted lablty partnerhp and that former partnerrght to hare n the aumulated proft of the lmtedlablty partnerhp after the deduton of loe of thelmted lablty partnerhp; and

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(b) determned a at the date the former partner eaed tobe a partner.

(4) Where a partner eae to be a partner, uh partner, orh peronal repreentatve or t lqudator, a the ae may be,hall eae nvolvement n the management of the lmted labltypartnerhp.

(5) Any former partner, or the former partner peronalrepreentatve or lqudator who fal to omply wth ubeton(4) ommt an offene.

bupy of p

25. (1) if a partner of a lmted lablty partnerhp adjudateda bankrupt

(a) h bankrupty hall not by telf aue hm to eaebeng a partner of the lmted lablty partnerhp;

(b) the Dretor General of inolveny or trutee of theetate of the bankrupt partner hall be enttled to reeve

dtrbuton from the lmted lablty partnerhp whhthe bankrupt partner enttled to reeve under thelmted lablty partnerhp agreement; and

(c) the bankrupt partner, the Dretor General of inolvenyor trutee of the etate of the bankrupt partner hallnot nterfere n the management of the lmted labltypartnerhp.

(2) Notwthtandng paragraph (1)(c), a bankrupt partner may take

part n the management of the lmted lablty partnerhp(a) wth the leave of the Dretor General of inolveny;

or

(b) wth the leave of the court provded that a note ofntenton to apply for leave ha been erved on theDretor General of inolveny and the Dretor Generalof inolveny heard on the applaton.

(3) A bankrupt partner who ha been adjudated bankruptoutde Malaya hall not take part n the management of thelmted lablty partnerhp unle the leave of the court habeen obtaned.

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(4) Any peron who fal to omply wth paragraph (1)(c) orubeton (3) ommt an offene and hall, on onvton, belable to a fne not exeedng two hundred and ffty thouand

rnggt or to mpronment for a term not exeedng fve yearor to both.

aigm of i

26. (1) Unle otherwe provded n the lmted lablty partnerhpagreement, a partner may agn the whole or any part of thatpartner nteret n the dtrbuton from the lmted labltypartnerhp but only to the extent that the partner would have

been enttled to reeve.

(2) An agnment under ubeton (1) hall not by telf

(a) aue the partner to eae beng a partner of the lmtedlablty partnerhp; and

(b) enttle the agnee to nterfere n the management of thelmted lablty partnerhp.

compi offi

27. (1) A lmted lablty partnerhp hall appont at leat oneomplane offer from amongt t partner or peron qualfedto at a eretare under the compane At 1965 who

(a) a tzen or permanent redent of Malaya; and

(b) ordnarly rede n Malaya.

(2) Every lmted lablty partnerhp hall enure that thepartular of every peron who at a a omplane offer ofthe lmted lablty partnerhp and h onent to at a uhare lodged wth the Regtrar.

(3) The omplane offer hall gve note n wrtngof h ntenton to vaate the offe to the lmted labltypartnerhp.

(4) Upon gvng the note under ubeton (3), the omplaneoffer may lodge wth the Regtrar note of h ntenton tovaate the offe.

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(5) Where the omplane offer ha lodged the note wth the

Regtrar under ubeton (4), the omplane offer hall eae

to be the omplane offer of the lmted lablty partnerhp

on the expry of one month from the date of the lodgment of thenote.

(6) Notwthtandng any provon of th At, where no

omplane offer apponted then all partner hall be deemed

a the omplane offer of the lmted lablty partnerhp.

(7) A omplane offer hall be

(a) anwerable for the dong of all at, matter and thng a

are requred to be done by the lmted lablty partnerhp

under eton 17, 19 and 20; and

(b) peronally lable to all penalte nludng admntratve

penalte mpoed on the lmted lablty partnerhp for

any ontraventon of thoe eton unle he atfe

the ourt hearng the matter that he hould not be o

lable.

(8) Where a lmted lablty partnerhp ha more than oneomplane offer

(a) anythng that requred by th At to be done by the

omplane offer may be done by any one of the

omplane offer; and

(b) anythng whh onttute an offene by the omplane

offer under th At onttute an offene by eah of

the omplane offer.

diquifiio o ompi offi

28. (1) A peron hall not at a a omplane offer f

(a) he an undharged bankrupt; or

(b) he dqualfed to at a a dretor or eretary under

the compane At 1965.

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(2) A peron who fal to omply wth ubeton (1) ommt anoffene and hall, on onvton, be lable to a fne not exeedngtwo hundred and ffty thouand rnggt or to mpronment for a

term not exeedng three year or to both.

Part V

cONVERsiON TO LiMiTED LiABiLiTY PARTNERsHiPs

covio fom ovio pip o imi iiiypip

29. (1) A onventonal partnerhp may onvert to a lmtedlablty partnerhp f and only f the partner of the lmtedlablty partnerhp to whh the onventonal partnerhp to be onverted, ompre all the partner of the onventonalpartnerhp and no one ele.

(2) in th Part, onvert, n relaton to a onventonalpartnerhp onvertng to a lmted lablty partnerhp, mean atranfer of the properte, nteret, rght, prvlege, lablte,oblgaton and the undertakng of the onventonal partnerhp

to the lmted lablty partnerhp.

covio fom piv ompy o imi iiiypip

30. (1) A prvate ompany may onvert to a lmted labltypartnerhp f and only f

(a) there no eurty nteret n t aet ubtng or n

fore at the tme of applaton; and

(b) the partner of the lmted lablty partnerhp to whht to be onverted ompre all the hareholder ofthe prvate ompany and no one ele.

(2) in th Part, onvert, n relaton to a prvate ompanyonvertng to a lmted lablty partnerhp, mean a tranfer ofthe properte, nteret, rght, prvlege, lablte, oblgatonand the undertakng of the prvate ompany to the lmted lablty

partnerhp.

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sm o og

31. (1) A onventonal partnerhp may apply to onvert to a

lmted lablty partnerhp by lodgng wth the Regtrar

(a) a tatement gnedby all of t partner n uh medum

and form a the Regtrar may determne ontanng the

followng partular:

() the name and regtraton number of the onventonal

partnerhp, where applable;

() the date on whh the onventonal partnerhp wa

regtered under the Regtraton of Bunee At1956 or any other wrtten law; and

() that a at the date of the applaton, the onventonal

partnerhp appear to be able to pay t debt a

they beome due n the normal oure of bune;

and

(b) a tatement and an approval letter referred to n ubeton

10(2) and (3), repetvely.

(2) A prvate ompany may apply to onvert to a lmted

lablty partnerhp by lodgng wth the Regtrar

(a) a tatement gnedby all of t hareholder n uh medum

and form a the Regtrar may determne ontanng the

followng partular:

() the name and regtraton number of the prvate

ompany;

() the date on whh the prvate ompany wa

norporated under the compane At 1965;

() that a at the applaton date, the prvate ompany

appear to be able to pay t debt a they beome

due n the normal oure of bune;

(v) that a at the applaton date, all outtandng tatutory

fee or any amount owng to any government

ageny ha been ettled;

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(v) that the prvate ompany ha plaed an advertementn at leat one wdely rulated newpaper nMalaya and publhed a notfaton n the Gazette

of t ntenton to onvert to a lmted labltypartnerhp; and

(v) that all of t redtor have agreed wth the applatonto onvert to a lmted lablty partnerhp; and

(b) a tatement referred to n ubeton 10(2).

(3) The Regtrar may, n any partular ae, requre thetatement referred to n ubeton (1) or (2) to be verfed n

uh manner a the Regtrar onder ft.

rgiio of ovio

32. (1) On reevng the tatement from the onventonal partnerhpor prvate ompany under eton 31, the Regtrar may, ubjet tothe provon of th At, regter the lmted lablty partnerhpand ue a note of regtraton n uh form a the Regtrarmay determne tatng that the lmted lablty partnerhp , on

and from the date pefed n the note, regtered under thAt.

(2) Nothng n th eton hall be ontrued a to requrethe Regtrar to regter a lmted lablty partnerhp f he not atfed wth the partular or other nformaton furnhedunder the provon of th At.

eff of giio

33. (1) On and from the date of regtraton

(a) there hall be a lmted lablty partnerhp by the namepefed n the note of regtraton, wth all theattrbute derbed n Part ii of th At and ubjetto the provon of th At;

(b) all properte veted n the onventonal partnerhp or

prvate ompany, all nteret, rght, prvlege, lablteand oblgaton relatng to the onventonal partnerhpor prvate ompany, and the whole of the undertakng of

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the onventonal partnerhp or prvate ompany, a the

ae may be, hall be tranferred to and hall vet n the

lmted lablty partnerhp wthout further aurane,

at or deed;

(c) the onventonal partnerhp or prvate ompany hall be

deemed to be dolved; and

(d) the onventonal partnerhp, f regtered under the

Regtraton of Bunee At 1956, hall be removed

from the regter of bunee mantaned under that

At, and the prvate ompany hall be removed from the

regter of ompane mantaned under the compane

At 1965.

(2) if any property to whh paragraph (1)(b) apple regtered

wth a relevant authorty, the lmted lablty partnerhp hall, a

oon a pratable after the date of regtraton, take all neeary

tep a requred by the relevant authorty to notfy that relevant

authorty of the onveron and of the partular of the lmted

lablty partnerhp n uh medum and form a the Regtrar

may determne.

(3) in th Part, date of regtraton mean the date a pefed

n the note of regtraton ued under ubeton 32(1).

Pig poig

34. All proeedng by or agant the onventonal partnerhp or

prvate ompany, a the ae may be, whh are pendng on the

date of regtraton may be ontnued, ompleted and enfored

by or agant the lmted lablty partnerhp.

coiu of oviio, uig, o o jugm

35. Any onvton, rulng, order or judgment n favour of or

agant the onventonal partnerhp or prvate ompany may be

enfored by or agant the lmted lablty partnerhp.

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exiig gm

36. Every agreement to whh the onventonal partnerhp orprvate ompany wa a party mmedately before the date ofregtraton, whether or not of uh nature that the rght andlablte thereunder ould be agned, hall have effet a fromthat day a f

(a) the lmted lablty partnerhp were a party to uh anagreement ntead of the onventonal partnerhp orprvate ompany; and

(b) for any referene to the onventonal partnerhp or prvateompany, a the ae may be, there were ubttuted

n repet of anythng to be done on or after thedate of regtraton a referene to the lmted labltypartnerhp.

exiig o, etc.

37. All deed, ontrat, heme, bond, agreement, applaton,ntrument and arrangement ubtng mmedately before thedate of regtraton relatng to the onventonal partnerhp or

prvate ompany, or to whh the onventonal partnerhp or prvateompany a party, hall ontnue n fore on and after that datea f they relate to the lmted lablty partnerhp and hall beenforeable by or agant the lmted lablty partnerhp a f thelmted lablty partnerhp were named theren or were a partythereto ntead of the onventonal partnerhp or prvate ompany.

coiu of mpoym

38. Every ontrat of employment to whh eton 36 or 37apple hall ontnue n fore on or after the date of regtratona f the lmted lablty partnerhp were the employer under theontrat of employment ntead of the onventonal partnerhpor prvate ompany, a the ae may be.

exiig ppoim, uoiy o po

39. (1) Every appontment of the onventonal partnerhp or prvate

ompany n any role or apaty whh n fore mmedatelybefore the date of regtraton hall take effet and operate fromthat date a f the lmted lablty partnerhp were apponted.

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(2) Any authorty or power onferred on the onventonalpartnerhp or prvate ompany whh n fore mmedately beforethe date of regtraton hall take effet and operate from that

date a f t were onferred on the lmted lablty partnerhp.

no-ppiio of io 33 o 39

40. seton 33 to 39 hall not apply to any approval, permt orlene ued under any wrtten law to the onventonal partnerhpor prvate ompany whh n fore mmedately before the dateof regtraton of the lmted lablty partnerhp.

liiii oigio of p fo ovio

41. (1) Notwthtandng eton 33 to 39, every partner of aonventonal partnerhp that ha onverted to a lmted labltypartnerhp hall ontnue to be peronally lable, jontly andeverally wth the lmted lablty partnerhp, for the lablteand oblgaton of the onventonal partnerhp whh were nurredpror to the onveron or whh aroe from any ontrat enterednto pror to the onveron.

(2) if any uh partner dharge any lablty or oblgatonreferred to n ubeton (1), that partner hall be enttled,ubjet to any agreement wth the lmted lablty partnerhpto the ontrary, to be fully ndemnfed by the lmted labltypartnerhp n repet of uh lablty or oblgaton.

noi of ovio i ivoi opo

42. (1) The lmted lablty partnerhp hall enure that for aperod of twelve month ommenng fourteen day after the dateof regtraton, every nvoe or offal orrepondene of thelmted lablty partnerhp bear the followng:

(a) a tatement that t wa, a from the date of regtraton,onverted from a onventonal partnerhp or prvateompany, a the ae may be, to a lmted labltypartnerhp; and

(b) the name and regtraton number, f applable, of theonventonal partnerhp or prvate ompany from whht wa onverted.

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(2) A lmted lablty partnerhp whh fal to omply wthubeton (1) ommt an offene and hall, on onvton, belable to a fne not exeedng ten thouand rnggt and, n the

ae of a ontnung offene, to a further fne not exeedng fvehundred rnggt for eah day durng whh the offene ontnueafter onvton.

exiig uoy oo, gi, o, etc.

43. (1) All tatutory book, regter and other reord that arerequred to be mantaned or kept by a prvate ompany under thecompane At 1965 hall be tranferred to the lmted lablty

partnerhp and kept at t regtered offe for a perod of evenyear from the date of regtraton.

(2) A lmted lablty partnerhp and every partner ofthe lmted lablty partnerhp who fal to omply wthubeton (1) ommt an offene and hall, on onvton, belable to a fne not exeedng ten thouand rnggt and, n theae of a ontnung offene, to a further fne not exeedng fvehundred rnggt for eah day durng whh the offene ontnueafter onvton.

Part Vi

FOREiGN LiMiTED LiABiLiTY PARTNERsHiPs

Foig imi iiiy pip

44. (1) A foregn lmted lablty partnerhp hall not arry onbune n Malaya unle t regtered a a foregn lmtedlablty partnerhp under th At.

(2) A foregn lmted lablty partnerhp hall not be regardeda arryng on bune n Malaya for the reaon only thatwthn Malaya t arre on atvte a pefed n the Thrdshedule.

(3) A peron who fal to omply wth ubeton (1) ommt anoffene and hall, on onvton, be lable to a fne not exeedng

two hundred and ffty thouand rnggt or to mpronment for aterm not exeedng three year or to both.

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rgiio of foig imi iiiy pip

45. (1) For the purpoe of regtraton of a foregn lmted

lablty partnerhp, n addton to the requrement under eton10, the foregn lmted lablty partnerhp hall lodge wth theRegtrar

(a) a ertfed opy of the ertfate of regtratonor anyother mlar doument n t plae of norporaton,etablhment or orgn; and

(b) a ertfed opy of t harter or ntrument defnng tonttuton, f any.

(2) Upon beng atfed that the requrement of th At havebeen ompled wth and on payment of the prerbed fee, theRegtrar hall

(a) regter the foregn lmted lablty partnerhpand alloatea regtraton number for the foregn lmted labltypartnerhp; and

(b) ue a note of regtraton n uh form a the Regtrarmay determne.

rquim of foig imi iiiy pip

46. (1) Notwthtandng anythng under th At, a foregnlmted lablty partnerhp hall appont at all tme at leat oneomplane offer from amongt t partner or peron qualfedto at a eretare under the compane At 1965 who

(a) a tzen or permanent redent of Malaya; and

(b) ordnarly rede n Malaya.

(2) A foregn lmted lablty partnerhp hall enure that thepartular of every peron who at a omplane offer of theforegn lmted lablty partnerhp and h onent to at a uhare lodged wth the Regtrar.

(3) The omplane offer hall gve note n wrtng ofh ntenton to vaate the offe to the foregn lmted lablty

partnerhp.

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(4) Upon gvng the note under ubeton (3), the omplane

offer may lodge wth the Regtrar a note of h ntenton to

vaate the offe.

(5) Where the omplane offer ha lodged a note under

ubeton (4), the omplane offer hall eae to be the

omplane offer of the foregn lmted lablty partnerhp on

the expry of one month from the date of the lodgment of the

note.

(6) A foregn lmted lablty partnerhp and every partner of

the foregn lmted lablty partnerhp who fal to omply wth

ubeton (1) ommt an offene under th At.

(7) A foregn lmted lablty partnerhp hall have a regtered

offe n Malaya to whh all ommunaton and note may

be addreed.

(8) in addton to the requrement under eton 19, the foregn

lmted lablty partnerhp hall keep at the regtered offe the

followng doument:

(a) a ertfed opy of the ertfate of regtraton or anyother mlar doument n t plae of norporaton,

etablhment or orgn; and

(b) a ertfed opy of t harter or ntrument defnng t

onttuton, f any.

(9) A foregn lmted lablty partnerhp hall lodge wth the

Regtrar a delaraton a pefed n ubeton 68(1) annually

wthn thrty day of the annverary of t regtraton under theAt or any other perod a the Regtrar may upon applaton

allow.

(10) A foregn lmted lablty partnerhp whh fal to

omply wth ubeton (9) ommt an offene and hall, on

onvton, be lable to a fne not exeedng twenty thouand

rnggt and, n the ae of a ontnung offene, to a further fne

not exeedng fve hundred rnggt for eah day durng whh the

offene ontnue after onvton.

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cio of ui i Myi

47. (1) if a foregn lmted lablty partnerhp eae to have

a plae of bune or to arry on bune n Malaya, t halllodge wth the Regtrar a note of that fat wthn even dayafter the date of eaton.

(2) The eaton of bune hall take effet upon the lodgementof the note under ubeton (1).

(3) On and from that date of the lodgement of the note underubeton (1), the oblgaton of the foregn lmted labltypartnerhp to lodge any doument wth the Regtrar hall eae

exept thoe doument that ought to have been lodged beforeuh date.

(4) The Regtrar hall only remove the name of the foregnlmted lablty partnerhp from the regter upon the expratonof x month from the date of the lodgement of the note underubeton (1).

liquiio o iouio of foig imi iiiy pip

i p of iopoio, im o oigi

48. (1) if a foregn lmted lablty partnerhp goe nto lqudatonor dolved n t plae of norporaton, etablhment or orgn,the foregn lmted lablty partnerhp hall, wthn one monthafter the ommenement of the lqudaton or the doluton orwthn uh further perod a the Regtrar n peal rumtaneallow, lodged or aue to be lodged wth the Regtrar

(a) a note of uh lqudaton or doluton;

(b) where a foregn lqudator apponted to the foregnlmted lablty partnerhp n t plae of norporaton,etablhment or orgn, a note of uh appontment;and

(c) where an approved lqudator apponted to theforegn lmted lablty partnerhp, a note of uhappontment.

(2) Upon reept of the note under paragraph (1)(a)

(a) where an approved lqudator ha been apponted, theRegtrar hall forthwth endore the appontment; or

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(b) where an approved lqudator ha not been apponted, theRegtrar hall forthwth appont an approved lqudator anduntl uh tme that an approved lqudator apponted

to the foregn lmted lablty partnerhp, the foregnlqudator referred to n ubeton (1) hall have thepower and funton of an approved lqudator.

(3) if the foregn lmted lablty partnerhp fal to lodgethe note under paragraph (1)(a), the Regtrar may, at any tmethereafter, appont an approved lqudator to the foregn lmtedlablty partnerhp.

(4) Upon the endorement of appontment or appontment of

an approved lqudator under ubeton (2), or appontment ofan approved lqudator under ubeton (3), the court hall bedeemed to have ordered that the foregn lmted lablty partnerhpbe wound-up.

(5) The approved lqudator hall get n all properte of theforegn lmted lablty partnerhp tuate or reoverable nMalaya and hall, n dong o, have all the power of an approvedlqudator of a ompany under the compane At 1965.

(6) The approved lqudator hall adverte n one wdelyrulated newpaper n the natonal language and one wdelyrulated newpaper n the Englh language nvtng all redtorto make ther lam to the foregn lmted lablty partnerhpwthn a perod of not le than thrty day from the date of theadvertement.

(7) Before payng or tranferrng to a foregn lqudator referred

to under ubeton (1) any properte got n wthn Malaya,the approved lqudator hall make payment n the followngorder:

(a) frtly, the remuneraton of the approved lqudator;

(b) eondly, all penalte, ot, fee and harge due andowng to the Regtrar;

(c) thrdly, all wage and alary of any employee of theforegn lmted lablty partnerhp, at the tme of

the appontment of the approved lqudator, a um notexeedng ffteen thouand rnggt;

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(d) fourthly, all amount n repet of worker ompenaton,employee uperannuaton or provdent fund heme, oroal eurty ontrbuton under any wrtten law relatng

to worker ompenaton, employee uperannuaton orprovdent fund heme, or oal eurty ontrbutonarued before the appontment of the approvedlqudator;

(e) ffthly, all remuneraton payable to any employee nrepet of vaaton leave, or n the ae of h death toany other peron n h rght, arued n repet of anyperod before the appontment of theapproved lqudator;and

(f) xthly, the amount due of all federal taxe aeed underany wrtten law,

and uh penalte, ot, fee, harge, taxe and debt hall be aharge upon the properte of the foregn lmted lablty partnerhpn prorty to all other harge and lam whatoever.

(8) The foregn lmted lablty partnerhp hall be deemed toontnue to ext n Malaya untl the wndng-up of t affar

n Malaya ompleted.

Part Vii

WiNDiNG-UP, DissOLUTiON AND sTRiKiNG-OFF

rivip iig-up y cou

49. (1) subjet to eton 47 and 48

(a) n the ae of reeverhp of a lmted lablty partnerhp,the provon of Part Viii (n o far a they relate to aompany lmted by hare) of the compane At 1965hall apply; and

(b) n the ae of wndng-up of a lmted lablty partnerhpby the court, the provon of Dvon 2 and 4 ofPart X (n o far a they relate to a ompany lmted byhare) of the compane At 1965 and the compane(Wndng-up) Rule 1972 [P.U. (A) 289/1972] hallapply.

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(2) The applaton of Part Viii and Dvon 2 and 4 ofPart X (n o far a they relate to a ompany lmted by hare) ofthe compane At 1965, and the compane (Wndng-up) Rule1972 under ubeton (1) hall be ubjet to uh modfatonand adaptaton a may be neeary, and n partular the followngmodfaton:

(a) referene to a ompany hall be taken a refereneto a lmted lablty partnerhp;

(b) referene to a dretor or to a member of a ompanyhall be taken a referene to a partner of a lmtedlablty partnerhp;

(c)referene to the memorandum and artle of aompany hall be taken a referene to the partnerhpagreement of a lmted lablty partnerhp;

(d) referene to a reoluton of a ompany hall be takena referene to a determnaton or deon of a lmtedlablty partnerhp; and

(e) referene to hare of any member of a ompany hallbe taken a referene to the nteret of any partner ofa lmted lablty partnerhp.

Vouy iig-up

50. (1) Th eton hall apply to a voluntary wndng-up of almted lablty partnerhp.

(2) Where a lmted lablty partnerhp ha eaed to operateand ha dharged all t debt and lablte, a partner of thelmted lablty partnerhp may, after gvng note n aordane

wth ubeton (4), apply n wrtng to the Regtrar for adelaraton of doluton of the lmted lablty partnerhp.

(3) An applaton for a delaraton of doluton hall be madewthn even day from the date of the publaton or notfatonreferred to n ubeton (4), whhever the later, and hall beaompaned by

(a) a tatutory delaraton made by one of the partner ofthe lmted lablty partnerhp tatng

() that the lmted lablty partnerhp ha eaedto operate and ha dharged all t debt andlablte, other than thoe owed to t partner; and

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() that the note requred under ubeton (4) ha

been gven n aordane wth that ubeton;

(b) a opy of the note gven under ubeton (4); and

(c) a wrtten note from the inland Revenue Board tatng that

t ha no objeton to the Regtrar makng a delaraton

of doluton of the lmted lablty partnerhp.

(4) Before makng an applaton to the Regtrar under th

eton, the applant hall enure that a note to the effet that

the applant propoe to apply to the Regtrar for a delaraton

of doluton of the lmted lablty partnerhp

(a) ha been publhed n at leat one wdely rulated

Malayan newpaper n the natonal language and one

wdely rulated Malayan newpaper n the Englh

language; and

(b) ha been ent by regtered pot to eah partner of the

lmted lablty partnerhp to the lat-known addre

of the partner.

(5) A partner or redtor may make a wrtten objeton agant

the propoed doluton of the lmted lablty partnerhp to the

Regtrar wthn thrty day of the date of publaton or potng

of the note, whhever the later.

(6) On reept of a wrtten objeton to the doluton of the

lmted lablty partnerhp under ubeton (5), the Regtrar hall

forthwth notfy the applant for the delaraton of doluton of

the reept of the objeton and of the dentty of the objetor.

(7) The Regtrar may, by note n wrtng, delare that the

lmted lablty partnerhp dolved f

(a) no objeton reeved under ubeton (5);

(b) the partner or redtor, a the ae may be, wthdraw

the objeton made under ubeton (5); or

(c) the Regtrar dede that the objeton made under

ubeton (5) wthout jutfaton.

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(8) Upon delaraton of doluton of the lmted labltypartnerhp under ubeton (7), the Regtrar hall notfy thelmted lablty partnerhp that, ubjet to the lmted lablty

partnerhp agreement, t enttled to dtrbute t urpluaet among t partner aordng to ther repetve rght andnteret.

(9) The lmted lablty partnerhp hall notfy the Regtrarthat t urplu aet have been dtrbuted n aordane wthubeton (8) wthn fourteen day after the dtrbuton ompleted.

(10) The delaraton of doluton under ubeton (7) hall

only take effet upon reept of the notfaton referred to underubeton (9) by the Regtrar.

(11) Notwthtandng the delaraton of doluton underubeton (7) and the dtrbuton of aet under ubeton (8),the lablty of the lmted lablty partnerhp hall ontnue andmay be enfored a f the lmted lablty partnerhp had notbeen dolved.

Po of rgi o i-off imi iiiy pipfom gi

51. (1) Notwthtandng any provon of th At, f the Regtrarha reaon to beleve that

(a) a lmted lablty partnerhp not arryng on buneor not n operaton;

(b) a lmted lablty partnerhp ha ontravened th At;

(c) t prejudal to the natonal nteret for a lmtedlablty partnerhp to reman on the regter;

(d) there no lqudator atng n ae of wndng-up bythe court a pefed under paragraph 49(1)(b); or

(e) the affar of a lmted lablty partnerhp are fullywound-up under eton 49 or 50 and there are no aetor the aet avalable are not uffent to pay the otof obtanng an order of the court dolvng the lmtedlablty partnerhp,

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he may erve a note on the lmted lablty partnerhp notfyngthat t name may be truk-off the regter unle the lmtedlablty partnerhp gve reaon why t name hould not be

truk-off the regter wthn thrty day of the date pefed nthe note or a longer perod a extended by the Regtrar.

(2) The Regtrar may trke the name of the lmted labltypartnerhp off the regter after the expraton of the perodpefed n the note or uh longer perod a extended underubeton (1), f he

(a) reeve a onfrmatonfrom the lmted lablty partnerhpor t partner that the lmted lablty partnerhp no

longer arryng on bune or not n operaton;

(b) reeve no reply from the lmted lablty partnerhpto the note referred to n ubeton (1); or

(c) not atfed wth the reaon a to why the name ofthe lmted lablty hould not be truk-off.

(3) Where the name of a lmted lablty partnerhp ha beentruk-off the regter under th eton

(a) the lablty of every partner ontnue and may be enforeda f the name of the lmted lablty partnerhp hadnot been truk-off; and

(b) the lmted lablty partnerhp deemed to have beendolved.

rvoio of iouio

52. (1) Where a lmted lablty partnerhp ha been dolvedunder eton 49, 50 or 51, any partner, redtor or aggrevedperon at any tme wthn two year from the date of the dolutonmay apply to the court for revoaton of the doluton on theground that

(a) the lmted lablty partnerhp ha not dharged all tdebt and lablte; or

(b) t jut and reaonable that the doluton of the lmtedlablty partnerhp be revoked.

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(2) if the court atfed wth the applaton made under

ubeton (1), the court may order that the doluton of the

lmted lablty partnerhp be revoked and upon a ealed opy

of the order beng delvered to the Regtrar for regtraton, thelmted lablty partnerhp hall be deemed to have ontnued

n extene a f t had not been dolved.

(3) The court may, by the order made under ubeton (2),

gve uh dreton and make uh provon a t deem jut

for plang the lmted lablty partnerhp and all other peron

affeted by the dolutonn the ame poton a nearly a may be

a f the lmted lablty partnerhp had not been dolved.

Po of rgi o p iov imi iiiy

pip i i ium

53. (1) The Regtrar may repreent a lmted lablty partnerhp

whh ha been dolved under eton 49, 50 or 51 or t approved

lqudator to do or aue to be done any admntratve aton

to arry out, omplete or gve effet to any dealng, tranaton

or matter whh the lmted lablty partnerhp f tll extngwould be legally or equtably bound to arry out, omplete or

gve effet thereto.

(2) When the Regtrar exeute or gn any relevant ntrument

or doument n arryng out the admntratve aton under

ubeton (1), he hall tate that he ha done o n puruane of

th eton and the exeuton or gnature hall have the ame

fore, valdty and effet a f the lmted lablty partnerhp f

extng had duly exeuted uh ntrument or doument.

Ouig of iov imi iiiy pip

o v i rgi

54. (1) Notwthtandng any wrtten law to the ontrary, where

a lmted lablty partnerhp ha been dolved under eton

49, 50 or 51 and there reman any outtandng property whh

wa veted n the lmted lablty partnerhp or to whh t waenttled or over whh t had a dpong power at the tme t wa

o dolved but whh wa not got n, realzed upon or otherwe

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dpoed of or dealt wth by the lmted lablty partnerhp or tapproved lqudator, the property hall be veted n the Regtrarfor all the etate and nteret theren, legal or equtable, at the

date the lmted lablty partnerhp wa dolved together wthall lam, rght and remede thereof.

(2) Where any lam, rght or remedy of the approved lqudatormay under th At be made, exered or avaled of only wth theapproval or onurrene of the court or ome other peron, theRegtrar may, for the purpoe of th eton, make, exere oraval hmelf of that lam, rght or remedy wthout uh approvalor onurrene.

(3) The Mnter may, by regulaton, prerbe the mannern whh the Regtrar may deal wth the property veted underubeton (1) nludng the manner the property to be old orotherwe dpoed of, the defrayment of ndental ot nurredand the ommon to be remunerated to the Regtrar.

(4) The money reeved by the Regtrar n ellng or otherwedpong the property hall be appled n defrayng all ot,expene, ommon and fee ndental thereto and thereafter

the urplu, f any, hall be dealt wth a f they were unlamedmoney under the law relatng to unlamed money.

Part Viii

ENFORcEMENT

Poviio of ifomio

55. (1) Notwthtandng any other wrtten law, f the Regtrarha reaonable ground to beleve that any peron

(a) ha any nformaton or doument that relevant to theperformane of the Regtrar funton and powerunder th At or t ubdary leglaton; or

(b) apable of gvng any evdene whh the Regtrarha reaonable ground to beleve relevant to theperformane of the Regtrar funton and power

under th At or t ubdary leglaton,

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the Regtrar may, by wrtten note, order that peron

(A) to gve any uh nformaton to the Regtrar n the

manner and form and wthn the perod a pefed n

the note or uh extended perod a the Regtrar may

grant;

(B) to produe any uh doument, whether n phyal form

or n eletron meda, to the Regtrar n the manner

and wthn the perod a pefed n the note or uh

extended perod a the Regtrar may grant;

(c) to make ope of any uh doument and to produe

thoe ope to the Regtrar n the manner and wthn

the perod a pefed n the note or uh extended

perod a the Regtrar may grant;

(D) f the peron an ndvdual, to appear, at a prvate

hearng, before the Regtrar at a tme and plae pefed

n the note to gve any evdene, ether orally or n

wrtng, and produe any doument, whether n phyal

form or n eletron meda, n the manner and wthn

the perod a pefed n the note or uh extended

perod a the Regtrar may grant;

(E) f the peron a body orporate or a publ body, to

aue a ompetent offer of the body to appear, at a

prvate hearng, before the Regtrar at a tme and plae

pefed n the note to gve any evdene, ether orally

or n wrtng, and produe any doument, whether n

phyal form or n eletron meda, n the manner

and wthn the perod a pefed n the note or uh

extended perod a the Regtrar may grant; or(F) f the peron a partnerhp, to aue an ndvdual who

a partner n the partnerhp or an employee of the

partnerhp to appear, at a prvate hearng, before the

Regtrar at a tme and plae pefed n the note

to gve any evdene, ether orally or n wrtng, and

produe any doument, whether n phyal form or n

eletron meda, n the manner and wthn the perod

a pefed n the note or uh extended perod a

the Regtrar may grant.

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(2) Any peron requred to provde nformaton or doumentunder ubeton (1) hall enure that the nformaton or doumentprovded are true, aurate and omplete and uh peron hould

provde a repreentaton to that effet, nludng a repreentatonthat he not aware of any other nformaton or doument whhwould make the nformaton or doument provded untrue ormleadng.

(3) A peron who fal to omply wth an order of the Regtrarn aordane wth th eton ommt an offene and hall,on onvton, be lable to a fne not exeedng ffty thouandrnggt or to mpronment for a term not exeedng x month

or to both.

Po o ou ipio

56. (1) For the purpoe of aertanng whether a lmted labltypartnerhp, t partner or omplane offer omplyng wthth At, the Regtrar hall have ae to any plae or buldngand may npet and make ope of or take extrat from anybook, mnute book, regter or other doument requred by theRegtrar or under th At to be kept by the lmted labltypartnerhp.

(2) For the purpoe of th eton, the Regtrar may bynote n wrtng requre any partner or omplane offer of almted lablty partnerhp or any peron to produe to hm uhbook, mnute book, regter or other doument a are n theutody or under the ontrol of that partner, omplane offeror peron.

(3) A lmted lablty partnerhp or any peron who

(a) fal to produe any book, mnute book, regter or otherdoument a requred by the Regtrar under th eton;or

(b) obtrut, ntmdate, dtrat, harae or hnder theRegtrar whle exerng any of the power under theton,

ommt an offene.

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Po of ivigio

57. (1) The Regtrar may nvetgate the ommon of any

offene under th At or t ubdary leglaton.

(2) in any ae relatng to the ommon of an offene underth At or t ubdary leglaton, the Regtrar arryng out annvetgaton may exere all or any of the power n relaton topole nvetgaton, exept the power to arret wthout warrant,gven by the crmnal Proedure code [Act 593].

s izu i

58. (1) if t appear to a Magtrate, upon wrtten nformatonon oath from the Regtrar and after uh nqury a he onderneeary, that there reaonable aue to beleve that an offeneunder th At or t ubdary leglaton beng or ha beenommtted on any preme, o that any evdene or thng whh neeary to the ondut of an nvetgaton nto an offenemay be found n any preme, the Magtrate may ue awarrant authorzng the Regtrar named n the warrant to enterthe preme at any reaonable tme by day or by nght, wth orwthout atane and f need be by fore and there to earhfor and eze any uh evdene or thng, provded that nothnghall authorze any ourt other than the court to grant a warrantto earh for a potal artle, telegram or other doument n theutody of the potal or telegraph authorte.

(2) Wthout affetng the generalty of ubeton (1), thewarrant ued by the Magtrate may authorze the earh andezure of

(a) ope of any book, aount or other doument, nludngomputerzed data, whh ontan or are reaonablyupeted to ontan nformaton a to any offene oupeted to have been ommtted; or

(b) any other doument, equpment, ntrument or matterthat reaonably beleved to furnh evdene of theommon of the offene.

(3) The Regtrar ondutng a earh under ubeton (1)may, for the purpoe of nvetgatng nto the offene, earh anyperon who n or on the preme.

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(4) The Regtrar makng a earh of a peron underubeton (3) or eton 59 may eze, or take poeon of, andplae n afe utody all thng other than the neeary lothng,

found upon the peron, and any other thng, for whh there reaon to beleve were the ntrument or other evdene of therme, and they may be detaned untl the dharge or aquttalof the peron.

(5) No peron hall be earhed exept by another peron ofthe ame gender, and uh earh hall be onduted wth trtregard to deeny.

(6) if, by the reaon of t nature, ze or amount, t notpratable to remove any book, aount, doument, omputerzeddata, gnboard, ard, letter, pamphlet, leaflet, note, equpment,ntrument or matter ezed under th eton, the Regtrar hallby any mean eal uh book, aount, doument, omputerzeddata, gnboard, ard, letter, pamphlet, leaflet, note, equpment,ntrument or matter n the preme or ontaner n whh t found.

(7) A peron who, wthout lawful authorty, break, tamper

wth or damage the eal referred to n ubeton (6) or removeany book, aount, doument, omputerzed data, gnboard, ard,letter, pamphlet, leaflet, note, equpment, ntrument or matterunder eal or attempt to do o ommt an offene and hall,on onvton, be lable to a fne not exeedng ffty thouandrnggt or to mpronment for a term not exeedng x monthor to both.

s izu iou

59. if the Regtrar atfed upon nformaton reeved thathe ha reaonable aue to beleve that by reaon of delay nobtanng a earh warrant under eton 58 the nvetgatonwould be adverely affeted or evdene of the ommon ofan offene lkely to be tampered wth, removed, damaged ordetroyed, the Regtrar may enter the preme and exere n,upon and n repet of the preme all the power referred to n

eton 58 n a full and ample a manner a f he were authorzedto do o by a warrant ued under that eton.

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a o ompuiz

60. (1) The Regtrar ondutng a earh under eton 58

or 59 hall be gven ae to omputerzed data whether toredn a omputer or otherwe.

(2) For the purpoe of th eton, ae

(a) nlude beng provded wth the neeary paword,

enrypton ode, derypton ode, oftware or hardware

and any other mean requred to enable omprehenon

of omputerzed data; and

(b) ha the meanng agned to t by ubeton 2(2) and (5)of the computer crme At 1997 [Act 563].

w mii oiig f

61. A earh warrant ued under th At hall be vald and

enforeable notwthtandng any defet, mtake or omon

theren or n the applaton for uh warrant and any equpment,

ntrument, materal, book, reord, aount, doument or thngezed under uh warrant hall be admble n evdene n any

proeedng under th At or t ubdary leglaton.

li of ig iz

62. (1) Exept a provded n ubeton (2), where any equpment,

ntrument, materal, book, reord, aount, doument or thng

ezed under th Part, the Regtrar hall a oon a pratableprepare a lt of the thng ezed and of the plae n whh they

are repetvely found and delver a opy of the lt gned by

hm to the ouper of the preme whh ha been earhed, or

to h agent or employee, at the preme.

(2) Where the preme are unouped, Regtrar hall whenever

poble pot a lt of the thng ezed onpuouly on the

preme.

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r of ig iz

63. (1) if any equpment, ntrument, materal, book, reord,

aount, doument or thng ha been ezed under th At, theRegtrar who effeted the ezure, may at any tme after thatreleae the equpment, ntrument, materal, book, reord, aount,doument or thng to the peron a he determne to be lawfullyenttled to the equpment, ntrument, materal, book, reord,aount, doument or thng f he atfed that the equpment,ntrument, materal, book, reord, aount, doument or thng not otherwe requred for the purpoe of any proeedngunder th At or t ubdary leglaton, or for the purpoe ofany proeuton under any other wrtten law, and n uh event

nether the Regtrar nor the Federal Government or any peronatng on behalf of the Regtrar or Government hall be lableto any proeedng by any peron f the ezure and the releaeof the equpment, ntrument, materal, book, reord, aount,doument or thng had been effeted n good fath.

(2) A reord n wrtng hall be made by the Regtrar effetngthe releae of any equpment, ntrument, materal, book, reord,aount, doument or thng under ubeton (1) pefyng ndetal the rumtane of and the reaon for the releae and hehall end a opy of the reord to the Publ Proeutor and to theinpetor-General of Pole wthn even day of the releae.

Po o qui of po qui i

64. (1) The Regtrar makng an nvetgaton under th Ator t ubdary leglaton may by order n wrtng requre theattendane before hmelf of any peron who appear to the

Regtrar to be aquanted wth the fat and rumtane ofthe ae, and uh peron hall attend a o requred.

(2) Any peron who fal to omply wth the order gven underubeton (1) ommt an offene under th At.

exmiio of po qui i

65. (1) The Regtrar makng an nvetgaton under th At or

t ubdary leglaton may examne orally any peron uppoedto be aquanted wth the fat and rumtane of the ae.

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(2) The peron examned under ubeton (1) hall be legallybound to anwer all queton relatng to uh ae put to hm bythe Regtrar, but uh peron may refue to anwer any queton

the anwer to whh would have a tendeny to expoe hm to armnal harge or penalty or forfeture.

(3) A peron makng a tatement under th eton hall belegally bound to tate the truth, whether or not uh tatement made wholly or partly n anwer to the queton.

(4) The Regtrar examnng a peron under ubeton (1)hall frt nform the peron of the provon of ubeton (2)and (3).

(5) A tatement made by any peron under th eton hall,wherever poble, be redued nto wrtng and gned by theperon makng t or affxed wth h thumbprnt, a the ae maybe

(a) after t ha been read to hm n the language n whhhe made t; and

(b) after he ha been gven an opportunty to make any

orreton he may wh.

(6) if the peron examned refue to gn or affx h thumbprnt on the tatement a requred under ubeton (5), theRegtrar hall endore thereon under h hand the fat of uhrefual and the reaon therefore, f any, tated by the peronexamned.

amiiiiy of m i vi

66. (1) if any peron harged wth an offene under th Ator t ubdary leglaton, any tatement, whether the tatementamount to a onfeon or not or whether t oral or n wrtng,made at any tme, whether before or after the peron arretedand whether n the oure of an nvetgaton under th At ornot and whether or not wholly or partly n anwer to queton, bythat peron to or n the hearng of the Regtrar or other peron,hall be admble n evdene at h tral and, f the peronharged tender hmelf a wtne, any uh tatement may beued n ro-examnaton and for the purpoe of mpeahng hredt.

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(2) No tatement under ubeton (1) hall be admble or

ued

(a) f the makng of the tatement appear to the ourt to have

been aued by an nduement, threat or prome havng

referene to the harge agant uh peron proeedng

from a peron n authorty and uffent n the opnon

of the ourt to gve the peron harged ground whh

would appear to hm reaonable for uppong that by

makng t he would gan any advantage or avod any

evl of a temporal nature n referene to the proeedng

agant hm; or

(b) n the ae of a tatement made by the peron after harret, unle the ourt atfed that he wa autoned

n the followng word or word to the lke effet:

it my duty to warn you that you are not oblged to

ay anythng or to anwer any queton, but anythng

you ay, whether n anwer to a queton or not, may

be gven n evdene..

(3) A tatement made by a peron before there tme to

auton hm hall not be rendered nadmble n evdene merely

by reaon of h not havng been autoned f he autoned a

oon a poble after that.

(4) Notwthtandng anythng to the ontrary ontaned n any

wrtten law, a peron aued of an offene to whh ubeton (1)

apple hall not be bound to anwer any queton relatng to

the ae after any auton a referred to n paragraph (2)(b) ha

been admntered to hm.

no o o mg iig fom izu o ov

67. No peron hall, n any proeedng before any ourt n

repet of any equpment, ntrument, materal, book, reord,

aount, doument or thng ezed n the exere or the purported

exere of any power onferred under th At, be enttled to

the ot of uh proeedng or to any damage or other relef

unle uh ezure wa made wthout reaonable aue.

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Part iX

GENERAL

au io

68. (1) Every lmted lablty partnerhp hall lodge wth theRegtrar a delaraton, ontanng the partular a determned bythe Regtrar and aompaned by uh doument a are requredto be nluded n the delaraton, by any two of t partner thatn ther opnon, the lmted lablty partnerhp

(a) appear a at that date to be able to pay t debt a theybeome due n the normal oure of bune; or

(b) doe not appear a at that date to be able to pay t debta they beome due n the normal oure of bune.

(2) The delaraton referred to n ubeton (1) hall be lodgedannually wthn nnety day from the end of the fnanal yearof the lmted lablty partnerhp.

(3) in the ae of the frt annual delaraton, t hall be lodgednot later than eghteen month from the date of the regtraton

of the lmted lablty partnerhp.

(4) Notwthtandng ubeton (2) and (3), the Regtrar may,on applaton by a lmted lablty partnerhp and f he thnkft, grant an extenon of tme for the lodgng of the delaratonreferred to n ubeton (1).

(5) if a lmted lablty partnerhp fal to lodge the delaratonreferred to n ubeton (1) wthn the tme or extended tme

referred to n ubeton (2), (3) or (4), a the ae may be, thelmted lablty partnerhp ommt an offene and hall, ononvton, be lable to a fne not exeedng twenty thouandrnggt and, n the ae of a ontnung offene, to a further fnenot exeedng fve hundred rnggt for eah day durng whh theoffene ontnue after onvton.

(6) Any peron who make a delaraton referred to nparagraph (1)(a) wthout havng reaonable ground for hopnon ommt an offene and hall, on onvton, be lable

to a fne not exeedng two hundred and ffty thouand rnggt orto mpronment for a term not exeedng two year or to both.

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(7) Any peron who, n onneton wth a delaraton madeunder th eton, make a tatement or furnhe nformaton,whether dretly or ndretly that fale or mleadng n a

materal partular, when he know or ought to have known thatthe tatement or nformaton fale or mleadng n a materalpartular, ommt an offene and hall, on onvton, be lableto mpronment for a term not exeedng three year or to a fneof not le than two hundred and ffty thouand rnggt and notmore than fve hundred thouand rnggt or to both.

(8) if an offene under ubeton (5), (6) or (7) ommttedwth ntent to defraud redtor of the lmted lablty partnerhpor for a fraudulent purpoe, the peron hall, on onvton, be

lable to mpronment for a term not exeedng fve year or toa fne not exeedng one mllon rnggt or to both.

aouig o o o p

69. (1) Every lmted lablty partnerhp hall keep uh aountngand other reord a wll uffently explan the tranaton andfnanal poton of the lmted lablty partnerhp and enableproft and lo aount and balane heet to be prepared fromtme to tme whh gve a true and far vew of the tate of affarof the lmted lablty partnerhp.

(2) The lmted lablty partnerhp hall retan the aountngand other reord referred to n ubeton (1) for a perod of notle than even year from the end of the fnanal year n whhthe tranaton or operaton to whh thoe reord relate areompleted.

(3) The aountng and other reord referred to n ubeton (1)hall be kept at the regtered offe or uh other plae a thepartner thnk ft provded that the Regtrar duly notfed ofthat other plae and the aountng and other reord hall at alltme be open to npeton by the partner.

(4) The Regtrar may, by note n wrtng to the lmtedlablty partnerhp or any of t partner, requre the lmtedlablty partnerhp or that partner to produe the aountngand other reord referred to n ubeton (1) for h npeton

wthn uh tme and at uh plae a may be pefed n thatnote.

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(5) subjet to the lmted lablty partnerhp agreement, theaount of a lmted lablty partnerhp hall not be requredto be audted.

(6) if a lmted lablty partnerhp fal to omply wthubeton (1), the lmted lablty partnerhp and every partnerof the lmted lablty partnerhp ommt an offene and hall,on onvton, be lable to a fne not exeedng ffty thouandrnggt or to mpronment for a term not exeedng x monthor to both.

(7) if a lmted lablty partnerhp fal to omply wthubeton (2) or (3), the lmted lablty partnerhp and every

partner of the lmted lablty partnerhp ommt an offene andhall, on onvton, be lable to a fne not exeedng ten thouandrnggt and, n the ae of a ontnung offene, to a further fnenot exeedng fve hundred rnggt for eah day durng whh theoffene ontnue after onvton.

(8) Any peron who fal to omply wth ubeton (4)ommt an offene and hall, on onvton, be lable to a fnenot exeedng ffty thouand rnggt or to mpronment for aterm not exeedng x month or to both.

rgi

70. (1) The Regtrar hall, ubjet to th At, keep uh regtera he onder neeary n uh form a he thnk ft.

(2) Any peron may, on payment of the prerbed fee

(a) npet any doument lodged wth the Regtrar underth At; or

(b) requre a ertfed or unertfed opy of, or an extratfrom, any doument that he enttled to npet.

rifiio of gi

71. (1) A peron n repet of whh an entry n a regter

(a) ha been omtted;

(b) norret; or

(c) ha been nluded n error,

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may apply to the Regtrar for retfaton of the regter.

(2) Upon reept of the applaton under ubeton (1), the

Regtrar may requre the applant to produe uh doument orto furnh the Regtrar wth uh nformaton a the Regtrardeem neeary n order to form an opnon whether the regter to be retfed.

(3) The Regtrar may requre the peron makng the applatonunder ubeton (1) to gve note of that applaton to uhother peron a the Regtrar may pefy, beng a peron whoappear to the Regtrar to be onerned or to have an nteret

n the bune.

(4) The Regtrar may, wthout an applaton beng madeunder ubeton (1), retfy the regter where, n h vew, anentry

(a) ha been omtted;

(b) norret; or

(c) ha been nluded n error.

(5) Notwthtandng ubeton (1), the Regtrar may refue anyapplaton f the error, mtake or omon doe not are n theordnary oure of the dharge of the dute of the Regtrar.

(6) Any peron aggreved by the refual of the Regtrar toretfy the partular of h bune n the regter may appealwthn thrty day of the deon of the Regtrar to the ourtwhh may determne the matter.

(7) On appeal under ubeton (6), the ourt may

(a) refue the applaton; or

(b) order the regter to be retfed by the makng of anentry, varaton or deleton theren.

(8) Any order made by the ourt under th eton hall dretthat the note of the order to be erved on the Regtrar n the

manner a determned by the ourt and the Regtrar hall, onreept of the note, retfy the regter aordngly.

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(9) Notwthtandng anythng n th eton, where t appearto a peron that any partular reorded n the regter ontanmatter that fale, fraudulent or mleadng, the peron may apply

to the ourt and the ourt may, a a reult of evdene adduedbefore t, order the Regtrar to retfy the regter n the mannerpefed n uh order and the Regtrar, upon reept of uhorder, hall retfy the regter aordngly.

rogig of o gi oum

72. (1) Where the Regtrar ha reaonable aue to beleve that

a doument n relaton to a lmted lablty partnerhp lodgedunder th At ha been lot or detroyed, he may by note nwrtng dret the lmted lablty partnerhp to relodge thedoument n the manner and form a may be determned by theRegtrar.

(2) The lmted lablty partnerhp or any omplane offerof the lmted lablty partnerhp hall, wthn fourteen dayafter the erve of the note under ubeton (1) or uh longerperod a the Regtrar may allow, omply wth the dreton ofthe Regtrar.

(3) On and from the date of the lodgement made underubeton (1), the lodgng of the doument hall have the amefore and effet a though t made at the orgnal date of thelodgement.

(4) No fee hall be payable upon the lodgng of a doumentunder th eton.

(5) if a lmted lablty partnerhp fal to omply wth thedreton of the Regtrar under ubeton (1), the lmted labltypartnerhp and the omplane offer ommt an offene.

svi fo oi ogm of oum

73. (1) The Regtrar may provde a erve for the eletron

lodgement of doument requred by th At to be lodged wththe Regtrar.

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(2) A doument eletronally lodged under th eton hallbe deemed to have atfed the requrement for lodgement f thedoument ommunated or tranmtted to the Regtrar n uh

manner a may be determned

llp_2012_act_743-bi

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