2 AUGUST 2021
UNION CABINET APPROVES LIMITED LIABILITY PARTNERSHIP (AMENDMENT) BILL, 2021
- 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’.
- Limited Liability Partnership (Amendment) Bill, 2021, has been introduced in the Upper House by the Rao Inderjit Singh Minister of State for Corporate Affairs.
- According to this Amendment, the number of compoundable offences will be reduced to seven and non- compoundable offences will be three.