MCA initiates decriminalisation of LLP Act

The ministry of corporate affairs (MCA) has initiated the process of
decriminalisation of the Limited Liability Partnership (LLP) Act, based
on the recommendations of a high-level government panel.

“The objective of the decriminalisation exercise is to remove
criminality of offences from business laws where no malafide intentions
are involved,” the ministry said in a statement on Wednesday.

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