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← Partnership Act 1961

Partnership Act 1961 s 3

Partnership Act 1961 s 3

Text recovered by OCR from a scanned copy — section numbers and wording may be wrong. Check the official PDF on lom.agc.gov.my before citing.

s 3 Definition of partnership

(1) Partnership is the relation which subsists between persons carrying on business in common with a view of profit. (2) The relation between members of any company or association which is— (a) registered as a company under the Companies Act 1965 [Act 125] or as a co-operative society under any written law relating to co-operative societies; or (b) formed or incorporated by or in pursuance of— (i) any other law having effect in Malaysia or any part thereof; or (ii) any letters patent, Royal Charter or Act of the Parliament of the United Kingdom, is not a partnership within the meaning of this Act. Certain circumstances not prima facie partnerships

Malay text (authoritative)

(1) Perkongsian ialah perhubungan yang wujud di Takrif antara orang-orang yang menjalankan urusan bersama perkongsian. dengan tujuan untuk mendapat keuntungan. [Bah. II, S. 3-4] Akta 125. Keadaankeadaan tertentu yang bukan perkongsian prima facie. (2) Perhubungan di antara anggota-anggota sesuatu syarikat atau persatuan yang- (a) didaftarkan sebagai suatu syarikat di bawah Akta Syarikat 1965 atau sebagai suatu koperasi di bawah mana-mana undang-undang bertulis berhubungan dengan koperasi; atau (b) ditubuhkan atau diperbadankan oleh atau menurut— (i) mana-mana undang-undang lain yang berkuatkuasa di Malaysia atau manamana bahagiannya; atau (iї) sesuatu surat kurnia, Piagam Diraja atau Akta Parlimen United Kingdom, bukanlah suatu perkongsian dalam erti Akta ini.

Read this section in the full act → · Open Part II →

Find Act 135 on lom.agc.gov.my ↗

Text as at 1 June 2000 (LOM reprint); amendments made after that date may not be incorporated.

Source: Laws of Malaysia, Attorney General's Chambers of Malaysia (lom.agc.gov.my). Not a copy of the Gazette printed by the Government Printer (Interpretation Acts 1948 and 1967, s 61).

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