Section 5
Registration of Labuan limited partnership
of Labuan Limited Partnerships and Limited Liability Partnerships Act 2010
An application for the registration of a Labuan limited partnership shall be made to the Authority and accompanied by the prescribed fee and such documents as may be specified by the Authority.
Labuan Limited Partnerships and Limited
Liability Partnerships 15
(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