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What's New Important due dates for the month of September 2021     

42. Notice of conversion in invoices and correspondence

(1) The limited liability partnership shall ensure that for a period of twelve months commencing fourteen days after the date of registration, every invoice or official correspondence of the limited liability partnership bears the following:

     (a) a statement that it was, as from the date of registration, converted from a conventional partnership or private company, as the case may be, to a limited liability partnership; and

     (b) the name and registration number, if applicable, of the conventional partnership or private company from which it was converted.

(2) A limited liability partnership which fails to comply with subsection (1) commits an offence and shall, on conviction, be liable to a fine not exceeding ten 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.

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