Malaysia legislation
Section 5
of LABUAN LIMITED PARTNERSHIPS AND LIMITED LIABILITY PARTNERSHIPS ACT 2010
Section 5
(2)
The Authority shall not register a Labuan limited partnership unless there has been filed with the Authority a certified copy of a partnership agreement executed by each person who is, on the formation of the Labuan limited partnership, to be a partner and the partnership agreement shall state—
(a)
the name under which the Labuan limited partnership is to be conducted;
(b)
the intended address of the registered office of the Labuan limited partnership;
(c)
the full name and address of each general partner or, in the case of a corporation, the place where it is incorporated and its registered or principal office;
(d)
the term, if any, for which the Labuan limited partnership is to exist or, if for unlimited duration, a statement to that effect;
(e)
the nature of business to be undertaken; and
(f)
such other information as may be specified by the Authority.
(3)
The Authority shall maintain a register of Labuan limited partnerships registered under this Act.
(4)
Upon the registration of a Labuan limited partnership, the
Authority shall issue a certificate of registration which shall be signed by the Authority or any of its authorized officers and sealed with its seal.
(5)
A certificate issued under subsection (4) shall be conclusive evidence that a Labuan limited partnership has been registered with the Authority.
(6)
The Authority may impose or attach any condition, restriction or term as it thinks fit to a registration under this section.
(7)
Nothing in this section shall be construed as to require the
Authority to register a limited partnership if it is not satisfied with the particulars or other information furnished under this Act.
Act 707
Amendment of partnership agreement