Malaysia legislation
Section 23
Section 23
the principal Act is amended by inserting after section 75a the following section:
“limited liability partnership and business trust 75b. (1) the responsibility for doing all acts and things required to be done—
(a)
by or on behalf of a limited liability partnership for the purposes of this Act shall lie jointly and severally—
(i)
with the compliance officer who is appointed amongst the partners of the limited liability partnership; or
(ii)
if no compliance officer is appointed as such, any one or all of the partners thereof; and
(b)
by or on behalf of a business trust for the purposes of this Act shall lie jointly and severally with the trustee manager of such business trust.
18
Act 755
(2)
for the purpose of this section, “compliance officer”
has the meaning assigned to it in section 27 of the Limited
Liability Partnerships Act 2012.”.
amendment of section 77