Llp Act News Today

Central Processing Centre (CPC) streamlines filing processes under companies law and LLP Act, promoting ease of doing business with faceless and time-bound operations

Govt has shared its promises delivered via a series of tweet highlighting the major government initiatives such as faster resolution of insolvency cases, reclaiming of shares & dividends via IEPF, setting of investment and infra fund, and establishing social stock exchange, among others

The Ministry of Corporate Affairs (MCA) has firmed up a policy framework for “pre-legislative consultation” relating to the framing of rules and regulations under laws administered by it. It suggests the explanatory note and the proposed changes will have to be placed for stakeholder comments for at least 30 days.

MCA initiates review of rules under Companies Act and LLP Act  

Deadlines under Companies Act relaxed, late fee waived for various filings SECTIONS Last Updated: May 04, 2021, 08:06 AM IST Share Synopsis The relaxation of charge-related timelines shall apply in cases where the creation or modification of the charge falls between April 1 and May 31, or where due date for filing charge-related forms falls between those dates. Getty Images The corporate affairs ministry (MCA) has provided relaxations on the timelines of various statutory requirements and waive...

Parliament has okayed the corporate affairs ministry’s amendments to the limited liability partnership law

Updated: Share Article AAA The Corporate Affairs Ministry on Wednesday said it plans to decriminalise 12 offences as well as omit a provision entailing criminal liability under the Limited Liability Partnership (LLP) Act, 2008, for greater ease of doing business for law-abiding LLPs. “An exercise was undertaken to identify those provisions of the LLP Act, violations of which do not result in injury to the public interest but are presently criminal in nature with fine as well as punishment af...

As part of efforts to further improve the ease of doing business, the corporate affairs ministry has sought comments on the recommendations of a high-level committee regarding the LLP Act., , llp act, government, debentures

Company Law Committee recommends decriminalisation of LLP Act, introduction of small LLPs SECTIONS Share Synopsis The committee also suggested the introduction of the concept of a small LLP in line with small companies under the Companies Act, and provision for issuance of non-convertible debentures (NCDs) by LLPs to raise funds. Getty Images A high-level government panel recommended decriminalisation of 12 compoundable offences and the omission of one penal provision under the Limited Liabilit...