Key Features of Limited Liability Partnership (Amendment) Act, 2021 (126 Views)
Recently, LLP form of business got some advantages on certain offences and introducing some new concepts & provisions in LLPs.
Objectives & key features of the LLP (Amendment) Act 2021:
Decriminalization of certain offences
Concept of Small LLP introduced like small companies
Change in the name of LLP
Increase in punishment in case of fraud
Prescribing Standards of Accounting & Standard of Auditing
Special courts for speedy trial of offences
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