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Section 47

Notice of conversion in invoices and correspondence

of Labuan Limited Partnerships and Limited Liability Partnerships Act 2010

ActIn forceProvision 47 of 91
Section 47
(1)

The Labuan limited liability partnership shall ensure that for a period of twelve months commencing fourteen days after the date of registration, every invoice or official correspondence of the Labuan limited liability partnership bears the following:

(a)

a statement that it was, as from the date of registration, converted from a Labuan limited partnership or Labuan company, as the case may be, to a Labuan limited liability partnership; and

(b)

the name and registration number, if applicable, of the

Labuan limited partnership or Labuan company from which it was converted.

Labuan Limited Partnerships and Limited

Liability Partnerships 43

(2)

Any Labuan limited liability partnership which contravenes subsection (1) commits an offence and shall, on conviction, be liable to a fine not exceeding ten thousand ringgit and, in the case of a continuing offence, to a further fine not exceeding one thousand ringgit for every day or part thereof during which the offence continues after conviction.

Recognized limited liability partnership