LLP Act amendment removes a specific clause, modifying LLP governance and aligning the Act with the insolvency schedule. The Tenth Schedule to the Insolvency and Bankruptcy Code, 2016 amends the Limited Liability Partnership Act, 2008 by omitting clause (c) of section 64, ... Summary
LLP Act amendment removes a specific clause, modifying LLP governance and aligning the Act with the insolvency schedule.
The Tenth Schedule to the Insolvency and Bankruptcy Code, 2016 amends the Limited Liability Partnership Act, 2008 by omitting clause (c) of section 64, effecting a textual removal of that provision from the Act and thereby changing the statutory framework applicable to limited liability partnerships.
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