akta perkongsian 1961 partnership act 1961
Partnership Act 1961Malaysia business partnershipMalaysian partnership lawAkta Perkongsian 1961legal framework partnerships
The Partnership Act 1961, also known as "Akta Perkongsian 1961" in Malay, serves as the foundational legal framework governing business partnerships throughout Malaysia. This crucial legislation outlines the formation, operation, rights, duties, and dissolution of partnerships, providing clarity for business owners. It's essential for anyone involved in a Malaysian business partnership to understand the provisions within this act to ensure compliance and effective management.