Highlights of the amendments passed in the LLP Act, 2008 through the LLP (Amendment) Act, 2021

Shree | Last updated: 24 August 2021

Save Share

Quick Summary

The LLP (Amendment) Act, 2021, operative since August 13, 2021, introduces significant changes to the Limited Liability Partnership Act, 2008. Key amendments aim to simplify compliance and promote ease of doing business by decriminalising certain offences, converting them into civil defaults with monetary penalties. The Act also introduces the concept of a 'small LLP', provides for the establishment of special courts for speedy trials, and empowers the Central Government to prescribe accounting and auditing standards.

Highlights of the amendments passed in the Limited Liability Partnership Act, 2008 through the Limited Liability Partnership (Amendment) Act, 2021 by CLCGC ICAI The LLP (Amendment) Act, 2021 (herein after referred to as the Amendment Act) got the assent of Honble President as on 13th August, 2021

Daily Limit Reached

You have reached your daily limit of 2 Free Articles

Subscribe to CCI PRO for unlimited access

Why Upgrade to CCI PRO?

No Ads
WhatsApp Community
Daily E-Newsletter
Unlimited Articles Access
Profile Visitors
Link Social Profiles
Featured Job Posts
Pro Badge
Expert GST Guidance
Unlimited Forum Replies
Download Content in PDF

1 Year PLAN

1999

(Excl. of GST ₹359)

BEST VALUE

2 Years PLAN

3499

(Excl. of GST ₹629)

3 Months PLAN

999

(Excl. of GST ₹179)

View all CCI PRO benfits

Already a PRO member? Login here for an ad-free experience.

7673 Views Comment Share Corporate Law Report

About the Author

Shree

Finance Professional

I write practical, research-driven articles on finance, insurance, taxation, business compliance, investing, labour laws, and digital platforms. My goal is to simplify complex topics into clear, actionable insights that help readers make informed financial and business decisions.

View Articles

Comments :