The Limited Liability Partnership (Amendment) Bill, 2021, was introduced in Rajya Sabha on 30th July 2021, which subsequently became an Act on 9th August 2021 after being passed in the lower house with a majority of voice votes. Thereafter, the Amendment Act received assent from the President on 13th August 2021. The bill was passed amid the parliamentary protests of the opposition parties against the Pegasus Case and Farm Laws.
The 2021 Bill amended certain regulations of the Limited Liability Partnership Act, 2008, which as per the government, will strengthen the startup ecosystem via boosting the ease of doing business for MSMEs in India. The Amendment follows the recommendations of the Company Law Committee (CLC) given in January 2021.
To know more about it , click on this link : LIMITED LIABILITY PARTNERSHIP (AMENDMENT) ACT, 2021 – Niti Tantra