LIMITED LIABILITY PARTNERSHIP Subject : Economics Context : 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. Concept : LLP is an alternative […]

    LIMITED LIABILITY PARTNERSHIP Subject : Economics Context :Decriminalising various offences and permitting LLPs to issue non-convertible debentures are among the changes being proposed under the Limited Liability Partnership (LLP) Act. Concept : LLP is an alternative corporate business form that gives the benefits of limited liability of a company and the flexibility of […]