https://www.taxtmi.com/article/detailed?id=9948 The Amendment creates a Small LLP category with prescribed contribution and turnover thresholds, empowers the Central Government to prescribe accounting and auditing standards for classes of LLPs, revises penalty structures converting many offences into monetary penalties or civil defaults, authorises Regional Directors to compound fines-only offences with specified limits and procedures, establishes Special Courts for speedy trial with defined summary-trial and jurisdictional rules, and provides for registration offices and appointment of adjudicating officers to impose penalties and direct rectification, with tailored relief for Small and start-up LLPs. en-us Thu, 12 Aug 2021 11:07:26 +0530 Wed, 11 Feb 2026 15:59:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9948 The Amendment creates a Small LLP category with prescribed contribution and turnover thresholds, empowers the Central Government to prescribe accounting and auditing standards for classes of LLPs, revises penalty structures converting many offences into monetary penalties or civil defaults, authorises Regional Directors to compound fines-only offences with specified limits and procedures, establishes Special Courts for speedy trial with defined summary-trial and jurisdictional rules, and provides for registration offices and appointment of adjudicating officers to impose penalties and direct rectification, with tailored relief for Small and start-up LLPs. Articles Limited Liability Partnership - LLP Thu, 12 Aug 2021 11:07:26 +0530 https://www.taxtmi.com/article/detailed?id=9948