Limited Liability Partnerships: amendment raises penalties, establishes special courts, introduces adjudicating officers and registration offices, and prescribes accounting standards. The Amendment updates references and definitions (including Regional Director, Registrar, and small LLP), restructures penalties with daily continuance fines and reduced penalties for small and start-up LLPs, empowers compounding of fine-only offences by Regional Directors, establishes adjudicating officers to impose penalties and direct rectification, creates registration offices and appointable Registrars, inserts authority to prescribe accounting and auditing standards, and provides for Special Courts and related procedural and appellate mechanisms.