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

43. Existing statutory books, registers, records, etc.

(1) All statutory books, registers and other records that are required to be maintained or kept by a private company under the companies Act 1965 shall be transferred to the limited liability partnership and kept at its registered office for a period of seven years from the date of registration.

(2) A limited liability partnership and every partner of the limited liability partnership who fail to comply with subsection (1) commit 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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