Key amendments to India’s Limited Liability Partnership regime

Aug 27, 2021

On August 9, 2021, the lower house of the Indian Parliament passed the Limited Liability Partnership (Amendment) Bill, 2021 (LLP Bill).  Once the LLP Bill receives the assent of the President, it can be notified. The LLP Bill is the first amendment to the Limited Liability Partnership Act, 2008 (LLP Act) since its enactment.

Majmudar & Partners has put together an analysis of these amendments.

Click here to download the full presentation.

More Insights

Fact-check units: Unchecked fact checkers

Download .pdf In the case of Kunal Kamra v. Union of India, on January 31, 2024, the petitioners challenged the constitutional validity of the 2023 amendment (the “2023 Amendment”) made to Rule 3(1)(b)(v) (pertaining to due diligence by an intermediary) (the “Impugned...

read more

Foreign investment liberalised in India’s space sector

Download .pdf Recently, India's Union Cabinet approved a significant amendment (the “FDI Amendment”) to India’s Foreign Direct Investment (“FDI”) Policy (the “FDI Policy”) in the space sector.  The FDI Amendment aims to open India’s space sector for foreign...

read more

Indian tax implications in cryptocurrency transactions

Download .pdf India’s Finance Minister introduced a specific tax regime for virtual digital assets (“VDAs”) in the Finance Bill 2022. Section 2(47A) of the Income-tax Act, 1961 (the “IT Act”) was brought in and defines VDAs to mean any information or code or number or...

read more
Share This