Malaysia legislation
Section 66
of LABUAN LIMITED PARTNERSHIPS AND LIMITED LIABILITY PARTNERSHIPS ACT 2010
Section 66
(a)
that those accounts show that the Labuan limited liability partnership was solvent at the date to which they were made up;
(b)
that he is unaware of any circumstances which render those accounts untrue; and
(c)
that no circumstances have occurred since the date to which those accounts were made up which would render the Labuan limited liability partnership insolvent, and if such a certificate cannot be given without qualification, the respects in which it is qualified shall be set out.
Act 707
(2)
Any Labuan limited liability partnership which fails to comply with subsection (1)—
(a)
commits an offence and shall, on conviction, be liable to a fine not exceeding ten thousand ringgit; and
(b)
upon conviction under paragraph (a), shall be wound up by the court pursuant to the provisions of Part X (in so far as they relate to a company limited by shares) of the *Companies Act 1965 [Act 125] and the Companies
(Winding-Up) Rules 1972 [P.U. (A) 289/1972], subject to such modifications and adaptations as may be necessary, and in particular, the modifications referred to in subsection 67(2).
(3)
A designated partner who files a certificate referred to in subsection (1) without having reasonable grounds for his opinion commits an offence and shall, on conviction, be liable to a fine not exceeding ten thousand ringgit.