All areas of taxation : Personal Tax, Corporate Tax. | Suggesting legal structure of business entities. | Transactional advisory - optimal deal structure | T
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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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