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Section 51

Return to be filed where particulars, etc., changed

of Labuan Limited Partnerships and Limited Liability Partnerships Act 2010

ActIn forceProvision 51 of 91
Section 51
(1)

If a change is made or occurs in any of the particulars in respect of a recognized limited liability partnership registered under section 48, that recognized limited liability partnership shall within thirty days after the change, or such further period as the Authority may on application allow, file with the Authority a notice specifying the nature of the change.

Act 707

(2)

Upon receipt of the particulars of the change under subsection (1), the Authority shall, subject to this Act, register the change and may, where the Authority deems fit, issue a certificate under its hand and seal, and that certificate shall be prima facie evidence in all courts as to the change of the particulars of the recognized limited liability partnership.

(3)

If a recognized limited liability partnership fails to comply with subsection (1), the recognized limited liability partnership shall be liable to an administrative penalty as may be specified by the Authority.