https://www.taxtmi.com/article/detailed?id=9961 The Limited Liability Partnership (Amendment) Act, 2021 de criminalises numerous procedural and technical defaults under the LLP Act, 2008 by converting many offences into civil defaults with monetary penalties, establishes a statutory definition and reduced penalty regime for "small limited liability partnerships" and start up LLPs, empowers Regional Directors to compound fine only offences and creates adjudicating officers for penalty adjudication with appeal to the Regional Director, authorises establishment of Special Courts for speedy trials, and enables prescription of accounting and auditing standards and the establishment of registration offices and registrars. en-us Fri, 20 Aug 2021 08:11:00 +0530 Wed, 11 Feb 2026 15:59:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9961 The Limited Liability Partnership (Amendment) Act, 2021 de criminalises numerous procedural and technical defaults under the LLP Act, 2008 by converting many offences into civil defaults with monetary penalties, establishes a statutory definition and reduced penalty regime for "small limited liability partnerships" and start up LLPs, empowers Regional Directors to compound fine only offences and creates adjudicating officers for penalty adjudication with appeal to the Regional Director, authorises establishment of Special Courts for speedy trials, and enables prescription of accounting and auditing standards and the establishment of registration offices and registrars. Articles Corporate Laws / IBC / SEBI Fri, 20 Aug 2021 08:11:00 +0530 https://www.taxtmi.com/article/detailed?id=9961