Limited liability partnership Current Affairs, GK & News

RBI’s Second Cohort under Regulatory Sandbox

The Reserve Bank of India recently announced the second cohort under Regulatory Sandbox. It was announced under the theme of “Cross Border Payments”. What is Regulatory Sandbox? The Regulatory Sandbox refers to live testing of new products and services in a controlled environment. The companies can test their product viability without the need for a ..

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MCA proposes decriminalisation of compoundable offences under LLP Act

The Ministry of Corporate Affairs (MCA) has proposed to decriminalise certain compoundable offences under the Limited Liability Partnership (LLP) Act. These offences include minor, procedural or technical violations. This is to enhance ease of doing business in India to law abiding LLPs. The ministry listed 20 sections of the LLP Act in a public draft ..

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Injeti Srinivas Committee to look into offences under the Companies Act

The government has constituted a committee under Injeti Srinivas, secretary of the Corporate Affairs Ministry to look at recategorization of certain offences under the Companies Act as civil offences as well as review other provisions of the Companies Act and the Limited Liability Partnerships Act 2008. Mandate of the Committee The committee will look into ..

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Government integrates LLP with MCA

The government merged e-Governance project for Limited Liability Partnership (LLP) under the portal of Ministry of Corporate Affairs (MCA) The merger will provide for all state of the art services like credit card payment, online banking from six banks, payment though NEFT from any bank and host of other services. Any user willing to avail ..

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