We offer comprehensive Insurance Services systems maintained by trained accounting.
Ask a Query
Client Login
|
46. Requirements of foreign limited liability partnerships (1) Notwithstanding anything under this Act, a foreign limited liability partnership shall appoint at all times at least one compliance officer from amongst its partners or persons qualified to act as secretaries under the companies Act 1965 who- (a) is a citizen or permanent resident of Malaysia; and (b) ordinarily resides in Malaysia. (2) A foreign limited liability partnership shall ensure that the particulars of every person who acts as compliance officer of the foreign limited liability partnership and his consent to act as such are lodged with the Registrar. (3) The compliance officer shall give notice in writing of his intention to vacate the office to the foreign limited liability partnership.
(4) Upon giving the notice under subsection (3), the compliance officer may lodge with the Registrar a notice of his intention to vacate the office.
(5) Where the compliance officer has lodged a notice under subsection (4), the compliance officer shall cease to be the compliance officer of the foreign limited liability partnership on the expiry of one month from the date of the lodgment of the notice.
(6) A foreign limited liability partnership and every partner of the foreign limited liability partnership who fail to comply with subsection (1) commit an offence under this Act.
(7) A foreign limited liability partnership shall have a registered office in Malaysia to which all communications and notices may be addressed.
(8) in addition to the requirements under section 19, the foreign limited liability partnership shall keep at the registered office the following documents:
(a) a certified copy of the certificate of registration or any other similar document in its place of incorporation, establishment or origin; and
(b) a certified copy of its charter or instrument defining its constitution, if any.
(9) A foreign limited liability partnership shall lodge with the Registrar a declaration as specified in subsection 68(1) annually within thirty days of the anniversary of its registration under the Act or any other period as the Registrar may upon application allow.
(10) A foreign limited liability partnership which fails to comply with subsection (9) commits an offence and shall, on conviction, be liable to a fine not exceeding twenty thousand ringgit and, in the case of a continuing offence, to a further fine not exceeding five hundred ringgit for each day during which the offence continues after conviction.
|
Amit R Gupta
Our Services
Investment Services
We offer comprehensive Investment Services systems maintained by trained accoun.
Due Diligence and Advisory Ser
We offer comprehensive Due Diligence and Advisory Services systems maintained by traine.
Corporate Services
We offer comprehensive Corporate Services systems maintained by trained accounting.
AMITRGUPTA
What We Do
Tax Consulting
We offer comprehensive Tax Consulting systems maintained by trained accounting professionals. This local service coul...
Due Diligence
Investors, bankers and acquirers rely on Due Diligence as a standard of care during Mergers and ...
Taxation Services
We offer comprehensive Taxation Services systems maintained by trained accounting professionals. This local service could be...