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Rajya Sabha Passes Limited Liability Partnership Amendment Bill

Rajya Sabha Passes Limited Liability Partnership Amendment Bill

NDTV
Wednesday, August 04, 2021 10:33:01 AM UTC

The bill, which was passed after a short debate, seeks to decriminalise 12 offences under the law and help to improve the ease of doing business by amending the Limited Liability Partnership (LLP) Act, 2008.

The Rajya Sabha on Wednesday passed the Limited Liability Partnership (Amendment) Bill, which seeks to encourage the start-up ecosystem and further boost ease of doing business, amid uproar by the opposition on Pegasus snooping row and other issues. The bill, which was passed after a short debate, seeks to decriminalise 12 offences under the law and help to improve the ease of doing business by amending the Limited Liability Partnership (LLP) Act, 2008. Finance Minister Nirmala Sitharaman moved the bill for consideration and passage. The bill was introduced in the House last week. While some MPs, including Ram Nath Thakur, Kanakmadela Ravindra Kumar, M Thambidurai, and Sujeet Kumar, spoke on the bill, several opposition members were raising slogans against the government in the Well of the House.
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