https://www.taxtmi.com/news?id=23563 The Committee recommends decriminalizing twelve compoundable offences and omitting one provision of the LLP Act, moving those defaults to an In-house Adjudication Mechanism with revised penalty schedules; retaining criminal sanctions for offences involving fraud, deceit or public interest harm. It also proposes a Small LLP category, authority for LLPs to issue secured non convertible debentures to regulated entities, relaxation of additional fee rules under Section 69, new provisions for registration offices and adjudication officers, and enabling accounting and auditing standards for classes of LLPs. en-us Tue, 19 Jan 2021 10:34:54 +0530 Wed, 11 Feb 2026 15:59:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=23563 The Committee recommends decriminalizing twelve compoundable offences and omitting one provision of the LLP Act, moving those defaults to an In-house Adjudication Mechanism with revised penalty schedules; retaining criminal sanctions for offences involving fraud, deceit or public interest harm. It also proposes a Small LLP category, authority for LLPs to issue secured non convertible debentures to regulated entities, relaxation of additional fee rules under Section 69, new provisions for registration offices and adjudication officers, and enabling accounting and auditing standards for classes of LLPs. News - Tue, 19 Jan 2021 10:34:54 +0530 https://www.taxtmi.com/news?id=23563