MCA decides to initiate process of de-criminalisation of compoundable offence under LLP Act, 2008 for greater ease of doing business for law abiding LLPs, proposes to introduce new concept of Small LLPs further proposes to allow LLPs to raise capital through fully secured non-convertible debentures. Proposed norms aims to remove the fear of criminal prosecutions for offenses where no malafide intentions are involved.MCA decides to initiate process of de-criminalisation of compoundable offence under LLP Act, 2008 for greater ease of doing business for law abiding LLPs, proposes to introduce new concept of Small LLPs further proposes to allow LLPs to raise capital through fully secured non-convertible debentures. Proposed norms aims to remove the fear of criminal prosecutions for offenses where no malafide intentions are involved.taxmann.com Latest Statutory HappeningsRead More
