Amendment to LLP Act

Media: Industry development

Industry development

Response statement

This is a welcome, founder-friendly development. The amendment will make Limited Liability Partnerships an even more attractive vehicle and Indian a more sought-after destination.

We at ADIF encourage and look forward to a similar progressive exercise being undertaken with respect to private limited companies as well, which will greatly benefit the startup ecosystem.

The move will help simplify the life of founders and exudes confidence in the government’s intent towards bringing about real of ease of doing business.

Coverage

https://www.thehindubusinessline.com/economy/cabinet-approves-amendments-to-llp-act/article35588398.ece

https://inc42.com/buzz/startups-get-compliance-credit-boosts-from-amendments-to-factoring-llp-acts/

https://www.daijiworld.com/news/newsDisplay?newsID=857851