Malaysia legislation
Section 18
Section 18
Amendment of section 53
(a)
by substituting for subsection (3) the following subsection:
“(3) In this section, “trade association” means any association of persons, of partnerships or of persons and partnerships formed with the main object of—
(a)
safeguarding or promoting the business of its members; or
(b)
developing and advancing the profession of its members.”; and
(b)
by inserting after subsection (3) the following subsection:
“(4) Notwithstanding any other provisions of this Act, a trade association shall, for the purposes of this section, be deemed to be a body of persons and not a partnership.”.
New section 53A