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Limited Liability Partnerships News

Limited Liability Partnerships

15 Feb 2022

Corporate affairs ministry amends rules for LLPs

Among other requirements, prior to adjudging the penalty for a violation, an adjudicating officer concerned has to issue a show-cause notice to LLP, partner or any other person concerned. The rules will be effective from April 1, 2022. Last year, various provisions under the LLP Act were decriminalised.

Insolvency and Bankruptcy Board of India

23 Apr 2017

Govt proposes to fast-track insolvency resolution for startups

The government plans to put in place a fast-track resolution process for startups and small companies under the Insolvency and Bankruptcy Code.

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