Tuesday, June 18, 2024

𝗝𝘂𝗱𝗶𝗰𝗶𝗮𝗹𝗗𝗿𝗲𝗮𝗺™

𝙰𝙵𝙵𝙾𝚁𝙳𝙰𝙱𝙻𝙴 & 𝙰𝙲𝙲𝙴𝚂𝚂𝙸𝙱𝙻𝙴

LEGAL AFFAIRS

2 AUGUST 2021

UNION CABINET APPROVES LIMITED LIABILITY PARTNERSHIP (AMENDMENT) BILL, 2021

  1. Limited Liability Partnership (Amendment) Bill, 2021, has been approved by the Union Cabinet with an aim to improve the ease of doing business and boost ‘Atmanirbhar Bharat’.
  2. Limited Liability Partnership (Amendment) Bill, 2021, has been introduced in the Upper House by the Rao Inderjit Singh Minister of State for Corporate Affairs.
  3. According to this Amendment, the number of compoundable offences will be reduced to seven and non- compoundable offences will be three.

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