Question
Download Solution PDFOn 9 August 2021, the Parliament had passed the Limited Liability Partnership (Amendment) Bill, 2021. It amended the:
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFKey Points
- The Parliament passed the Limited Liability Partnership (Amendment) Bill, 2021 on 9 August 2021.
- This bill amended the Limited Liability Partnership Act, 2008.
- The amendments aimed to decriminalize several offenses under the act and introduce new concepts like small LLPs.
- These changes were intended to improve the ease of doing business for LLPs in India.
Additional Information
- The Limited Liability Partnership (LLP) Act, 2008 was enacted to introduce and legally recognize the concept of LLPs in India.
- An LLP is a hybrid structure that combines the advantages of both a company and a partnership.
- It provides the benefit of limited liability to its partners while allowing them the flexibility of organizing their internal structure as a partnership.
- The 2021 amendment was part of the government's broader initiative to reform corporate laws and improve the business environment.
Last updated on May 28, 2025
-> The SSC has released the SSC CHSL exam calendar for various exams including CHSL 2025 Recruitment. As per the calendar, SSC CHSL Application process will be active from 23rd June 2025 to 18th July 2025.
-> The Exam Date for the SSC CHSL 2025 will be from 8th September 2025 to 18th September, 2025.
-> The SSC CHSL is conducted to recruit candidates for various posts such as Postal Assistant, Lower Divisional Clerks, Court Clerk, Sorting Assistants, Data Entry Operators, etc. under the Central Government.
-> The SSC CHSL Selection Process consists of a Computer Based Exam (Tier I & Tier II).
-> To enhance your preparation for the exam, practice important questions from SSC CHSL Previous Year Papers. Also, attempt SSC CHSL Mock Test.