Malaysia legislation
Section 80
of LABUAN LIMITED PARTNERSHIPS AND LIMITED LIABILITY PARTNERSHIPS ACT 2010
Section 80
(a)
has failed to pay any prescribed fees under this Act; or
(b)
has contravened any provision of this Act,
Act 707
the Authority may serve a notice on the Labuan limited partnership or Labuan limited liability partnership notifying it that its name may be struck-off the register, unless the Labuan limited partnership or Labuan limited liability partnership takes any step or action to remedy the breach as may be specified in the notice within thirty days from the date of the notice or such longer period as may be extended by the Authority.
(2)
In the event the Authority—
(a)
receives from the Labuan limited partnership or Labuan limited liability partnership, a notice stating that it is likely to be unable to remedy the breach specified in the notice under subsection (1); or
(b)
receives no reply from the Labuan limited partnership or
Labuan limited liability partnership to the notice under subsection (1), the Authority may within thirty days from the date of the expiration of the period mentioned in the notice or thereafter, strike-off the name of the Labuan limited partnership or Labuan limited liability partnership from the register unless the Labuan limited partnership or Labuan limited liability partnership satisfies the
Authority that the name should not be struck-off.
(3)
A Labuan limited partnership or Labuan limited liability partnership that has been struck-off the register under this section remains liable for all its claims, debts, liabilities and obligations, and the striking-off shall not affect the liability of any of its partners.
Restoration to register