Latest Amendment in LLP Act

CS Divesh Goyal | Last updated: 02 August 2021

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The Limited Liability Partnership (LLP) Act has undergone significant amendments in 2021, marking the first major changes since its inception in 2009. These updates aim to enhance the ease of doing business, encourage startups, and simplify compliance. Key changes include the introduction of a 'Small LLP' category with reduced compliances and penalties, and the decriminalisation of minor offences to reduce the burden on criminal courts.

LLP AMENDMENT BILL 2021 Summary In the Budget 2021, our honble financial minister announced about Amendment in LLP Act. In continuation of same, Ministry of Corporate Affairs issued a press release on 03rd February 2021. Further in continuation of the same Wednesday, 28th July, 2021 Cabinet

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About the Author

CS Divesh Goyal

Practicing Compnay Secretary

CAREER PROFILE He is a Fellow Member of the Institute of Companies Secretaries of India having intense expertise in Corporate Law for the last 8 years. He is a young and progressive Practicing Company Secretary with zeal to dig deep into the nuances of Corporate Laws. Being a researcher at heart, he has done ... Read more

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