<h1>India Eases Business Rules: LLP Act 2021 Decriminalizes Offenses, Introduces Small LLPs, Allows Non-Convertible Debentures.</h1> The Limited Liability Partnership (Amendment) Act, 2021, was announced on August 14, 2021. This legislative change aims to enhance the ease of doing business by simplifying regulations for Limited Liability Partnerships (LLPs) in India. Key amendments include decriminalizing certain offenses, introducing small LLPs, and allowing LLPs to issue non-convertible debentures. These measures are intended to attract more investment and foster a conducive environment for business growth. The amendments reflect the government's commitment to reforming business laws and promoting entrepreneurship.