Malaysia legislation
Section 24
of LABUAN LIMITED PARTNERSHIPS AND LIMITED LIABILITY PARTNERSHIPS ACT 2010
Section 24
(2)
When a notice of dissolution is filed with the Authority, the Authority may cancel the registration of the Labuan limited partnership.
(3)
If the Labuan limited partnership is dissolved in contravention of subsection (1), each of the general partners commits an offence and shall, on conviction, be liable to a fine not exceeding ten thousand ringgit.
Labuan Limited Partnerships and Limited
Liability Partnerships 31
Dissolution of Labuan limited partnership