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Context: In this episode of The Big Picture based on Limited Liability Partnership (Amendment) Bill, 2021. The government on Friday introduced in the Rajya Sabha the Limited Liability Partnership (Amendment) Bill, which seeks to encourage the startup ecosystem and further boost ease of doing business in the country. In this episode we will discuss and analyse all aspects of this issue. Introduction of Small LLPs
II. De-criminalisation of monetary penalties
III. Accounting Standards for classes of LLPs
IV. Compounding of offence
V. Establishment of Special Court for speedy trial of offences
VI. Establishment of the Appellate Tribunal
Key Points
Key Amendment
About Limited Liability Partnership (LLP)
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