Malaysia legislation
Section 71
of LABUAN LIMITED PARTNERSHIPS AND LIMITED LIABILITY PARTNERSHIPS ACT 2010
Section 71
Liability Partnerships 65
(2)
Notwithstanding subsection (1), the Minister may by notice published in the Gazette, order that a Labuan limited partnership or Labuan limited liability partnership be restricted or prohibited from carrying on any specified business in Labuan and may, by notice published in the Gazette, impose conditions subject to which a specified business may be carried on by a Labuan limited partnership or a Labuan limited liability partnership.
Act 707
(3)
Any Labuan limited partnership or Labuan limited liability partnership which fails to comply with subsection (1) or fails to comply with the order of the Minister under subsection (2)
commits an offence and shall, on conviction, be liable to a fine not exceeding ten thousand ringgit.
Fees