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PARTNERSHIP ACT 1961. ARRANGEMENT OF SECTIONS. PART I. PRELIMINARY. Section. 1. Short title. 2. Interpretation PART II. NATURE OF PARTNERSHIP. 3. Definition of partnership. 4. Certain circumstances not prima facie partnerships. 5. Postponement of rights of person lending or selling in consideration of share of profits in case of bankruptcy. 6.
PARTNERSHIP ACT 1961. (Click here to see Annotated Statutes of this Act) Part I PRELIMINARY. SECTION. 1.Short title. 2.Interpretation. Part II NATURE OF PARTNERSHIP. SECTION. 3.Definition of partnership. 4.Certain circumstances not prima facie partnerships.
PARTNERSHIP ACT 1961. Incorporating all amendments up to 1 January 2006. PUBLISHED BY THE COMMISSIONER OF LAW REVISION, MALAYSIA UNDER THE AUTHORITY OF THE REVISION OF LAWS ACT 1968 IN COLLABORATION WITH PERCETAKAN NASIONAL MALAYSIA BHD 2006.
In Malaysia, partnership agreements are governed by the Partnership Act 1961. This Act stipulates that a partnership can be formed by two or more persons who agree to carry on a business in common with a view to profit.
Act 135 PARTNERSHIP ACT 1961 Home Principal Act; Act 135 Timeline Subsidiary Legislation Brief Description Total Act Views Apr 1961 ... Commencement Remark: [Sabah - 29 April 1961; Other States - 1 July 1974, Act A240] Total Act Views No related document. 16 Sep 1963 Total Act Views No related document. 24 Dec 1964 ...
The provisions of the Partnership Act 1961 [Act 135], and the rules of equity and of common law applicable to partnerships, shall not be applicable to a limited liability partnership registered under this Act.
Part I PRELIMINARY. SECTION. 1961 (Sabah Ord. No.1 of 1961) 1974 (Act 135 w.e.f. 1 July 1974) Sabah - 29 April 1961; Other States - 1 July 1974. Short title. Interpretation. Part II NATURE OF PARTNERSHIP. SECTION. 3.Definition of partnership. 4.Certain circumstances not prima facie partnerships.
The document discusses key principles of partnership law in Malaysia, including sources of partnership law, definitions of partnership, and formation and registration of partnerships.
This document summarizes the Partnership Act 1961 (Revised 1974) of Malaysia. It provides the short title of the act, defines key terms like partnership and bankruptcy. It outlines rules for determining partnerships and addresses issues like how profit sharing could indicate a partnership.
May 2, 2024 · The Partnership Act 1961 specifically governs conventional partnerships. A partnership comprises 2 or more owners, with a cap of 20 owners who pool resources to pursue profit through shared business efforts.
