Entities Following Legal Requirements Should Not Face Aggressive Penalties During Conversion to LLPs and Offense Compounding.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Conversion of the companies into LLPs - compounding of offence - Adopting a blood thirsty approach and that too against compliant entities is unwarranted moreso when such entities complied with the legal requirements and made compliances in accordance with the then prevailing system.....