Limited Liability Partnerships Order, 2010 · s 22

Suggest a correction

Tell us what is wrong in this text. We check every suggestion against the official version before we change anything.

What is wrong?Wrong or mistyped wordsWrong structure or numberingWrong title or detailsText that appears twice

What should change, and whyUp to 2,000 characters.The text as it should read (optional)Edit the text above. Up to 20,000 characters.Where you checked it (optional)A link to the official version, if you have one.

The text as we hold it

Open the official text

s 22Conversion from private company to limited liability partnership

( 1)

A private company may convert to a limited liability partnership by complying with the requirements set out in the Third Schedule.

(2)

Upon such conversion, the private company, its shareholders, the limited liability partnership to which the private company has converted and the partners of that limited liability partnership shall be bound by the provisions of the Third Schedule.

(3)

The Minister may, with the approval of His Majesty the Sultan and Yang

Di-Pertuan and by order published in the Gazette amend the Third Schedule.

(4)

In this section, "convert", in relation to a private company converting to a limited liability partnership, means a transfer of the property, assets, interests, rights, privileges, liabilities, obligations and the undertaking of the private company to the limited liability partnership in accordance with the Third

Schedule.