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President gives assent to the Limited Liability Partnership (Amendment) Act, 2021

August 14, 2021
The Limited Liability Partnership (Amendment) Bill, 2021 has received the assent of the President on August 13, 2021. The Amendment Act seeks to facilitate ease of living to law-abiding entities and to decriminalise certain provisions of the Act. Key changes in the Amendment Act include introduction of the concept of ‘small LLPs’, de-criminalisation of certain offences, empowering Govt. to establish special courts, Authorisation to Regional directors
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