Malaysia legislation

Section 8

of LABUAN LIMITED PARTNERSHIPS AND LIMITED LIABILITY PARTNERSHIPS ACT 2010

Section 8

(2)

Where a Labuan limited partnership changes its name, it shall, within thirty days, file a notice of the change signed by a general partner to the Authority specifying the nature of the change.

(3)

If the Authority approves the change of name, the Authority shall, on payment of the prescribed fee, issue a certificate of registration of the Labuan limited partnership under the new name and upon the issue of the certificate of registration the change of name shall become effective.

Act 707

(4)

If the name of a Labuan limited partnership is, whether through inadvertence or otherwise and whether originally or by a change of name, a name by which the Labuan limited partnership could not be registered without contravention of section 7, the

Labuan limited partnership shall change its name to a name to be approved by the Authority and if the Authority so directs, shall so change it within thirty days after the date of direction or such longer period as the Authority allows.

(5)

If the Labuan limited partnership fails to comply with the direction given by the Authority under subsection (4), it shall be liable to an administrative penalty as specified by the Authority.

(6)

A change of name pursuant to this Act shall not affect the identity of the Labuan limited partnership or any rights or obligations of the Labuan limited partnership, or render defective any legal proceedings by or against the Labuan limited partnership.

(7)

Any legal proceedings that might have been continued or commenced by or against the Labuan limited partnership by its former name may be continued or commenced by or against the

Labuan limited partnership by its new name.

Registered office of Labuan limited partnership

Section 8 — AKTA PERKONGSIAN TERHAD DAN PERKONGSIAN LIABILITI TERHAD LABUAN 2010