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Limited Liability Partnerships Act 2012

LIMITED LIABILITY PARTNERSHIPS ACT 2012

AKTA PERKONGSIAN LIABILITI TERHAD 2012

Act 743 · consolidated to 1 Aug 2022 · 67 pp

Socio-economic rights
This copy of the Act is 4 years old. Any amendment made since 1 August 2022 is not in this text. Check the AGC record for later amendments.
Why it matters

What this does to artists

The LLP is the practical middle form for a small studio, collective or production partnership: limited liability without the full compliance weight of a company.

Start here

What to read first

Section numbers read out of the AGC text itself

s.6Formation of limited liability partnerships
s.21Limited liability of partners
s.9Limited liability partnership agreement
s.11Registration of limited liability partnerships
s.32Registration of conversion
In practice

Where this one bites

Scenario

Run an arts organisation or collective

A collective that never chose a vehicle is already a partnership, with liabilities it never agreed to.…

Full arrangement of sections 67 sections · show / hide

Extracted from the AGC PDF on this page.

s.1Short title and commencement
s.2Interpretation
s.3Separate legal personality and capacity
s.4Non-applicability of partnership law
s.6Formation of limited liability partnerships
s.7Carrying on business with less than minimum partners
s.8Partnership for professional practice
s.9Limited liability partnership agreement
s.10Application for registration
s.11Registration of limited liability partnerships
s.12Power to refuse registration
s.13Name of limited liability partnership
s.14Reservation of names
s.15Change of name of limited liability partnership
s.16Power of Registrar to require change of names
s.17Registration of changes in particulars
s.18Registered office
s.19Registers and documents to be kept at the registered office
s.20Publication of names
s.21Limited liability of partners
s.22Liability of partners when limited liability partnership is insolvent
s.23Power of partner to bind the limited liability partnership
s.24Cessation of partnership interest
s.25Bankruptcy of partner
s.26Assignment of interests
s.27Compliance officer Disqualification to act as a compliance officer
s.29Conversion from conventional partnership to limited liability partnership
s.30Conversion from private company to limited liability partnership
s.31Statements to be lodged
s.32Registration of conversion
s.33Effect of registration
s.34Pending proceedings
s.35Continuance of conviction, ruling, order or judgement
s.36Existing agreements
s.37Existing contracts, etc
s.38Continuance of employment Limited Liability Partnerships
s.39Existing appointment, authority or power
s.40Non-application of sections 33 to
s.41Liabilities and obligations of partner before conversion
s.42Notice of conversion in invoices and correspondence
s.43Existing statutory books, registers, records, etc
s.44Foreign limited liability partnerships
s.45Registration of foreign limited liability partnerships
s.46Requirements of foreign limited liability partnerships
s.47Cessation of business in Malaysia
s.48Liquidation or dissolution of foreign limited liability partnerships in place of incorporation, establishment or origin
s.49Receivership and winding-up by the Court
s.50Voluntary winding-up
s.51Power of Registrar to strike-off limited liability partnerships from the register
s.52Revocation of dissolution
s.53Power of Registrar to represent dissolved limited liability partnerships in certain circumstances
s.54Outstanding assets of dissolved limited liability partnerships to vest in Registrar
s.68Annual declaration
s.69Accounting and other records to be kept
s.70Registers
s.71Rectification of registers Relodging of lost registered documents
s.73Service for electronic lodgement of documents
s.74Issuing documents electronically
s.75Information certified by Registrar admissible in evidence
s.76Service of documents on limited liability partnerships
s.79Fees
s.80Offence of false and misleading statements
s.81Offence for improper use of the words “Perkongsian Liabiliti Terhad”
s.86General Penalty
s.90Protection to certain partners, officers or employees who make disclosures
s.91Power to make regulations Limited Liability Partnerships
s.92Power to amend Schedules
Full text

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English text

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Teks Bahasa Malaysia

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Source of record · lom.agc.gov.my/act-detail.php?act=743&lang=BI

Who this reaches
Visual artsMusicFilm & TVPerforming artsLiterature, writing & publishingFashion & craftDigital & mediaMuseum & archivingContent creationEverything else
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