https://www.taxtmi.com/article/detailed?id=9951 The Amendment replaces many criminal penalties with fixed monetary penalties and continuing daily fines for specified defaults, introduces section 76A establishing adjudicating officers (not below Registrar) to impose penalties after hearing, permits rectification to avoid penalties for certain defaults within thirty days, provides reduced penalties for small and start up LLPs, and creates appeal rights to the Regional Director with limited extension powers; non compliance with adjudicating orders attracts higher fines and individual defaulting partners may face imprisonment or fines. en-us Sun, 15 Aug 2021 15:26:42 +0530 Wed, 11 Feb 2026 15:59:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9951 The Amendment replaces many criminal penalties with fixed monetary penalties and continuing daily fines for specified defaults, introduces section 76A establishing adjudicating officers (not below Registrar) to impose penalties after hearing, permits rectification to avoid penalties for certain defaults within thirty days, provides reduced penalties for small and start up LLPs, and creates appeal rights to the Regional Director with limited extension powers; non compliance with adjudicating orders attracts higher fines and individual defaulting partners may face imprisonment or fines. Articles Limited Liability Partnership - LLP Sun, 15 Aug 2021 15:26:42 +0530 https://www.taxtmi.com/article/detailed?id=9951