LLP Amendment Bill 2021

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Last updated: 04 August 2021
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This document is the Limited Liability Partnership (Amendment) Bill, 2021, presented to the Rajya Sabha. It proposes several changes to the existing Limited Liability Partnership Act, 2008. Key amendments include the introduction of the concept of a 'small limited liability partnership', converting certain offences into civil defaults with monetary penalties, and empowering the Central Government to prescribe accounting and auditing standards. The bill also aims to streamline the compounding of offences and establish special courts for speedy trial of offences. This document is essential for legal professionals, businesses operating as LLPs, and anyone involved in corporate law.

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Submitted by · Posted 04 August 2021 · Other files by Shree · Report
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