On 9 August 2021, the Parliament had passed the Limited Liability Partnership (Amendment) Bill, 2021. It amended the:
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. Limited Liability Partnership Act, 2008.
The Limited Liability Partnership (Amendment) Bill, 2021, passed by the Indian Parliament on 9 August 2021, amended the Limited Liability Partnership (LLP) Act, 2008. The amendments aimed to decriminalize various compoundable offenses under the Act, introduce the concept of "small LLPs" with fewer compliance requirements, and enhance the ease of doing business. It also empowered the central government to establish special courts for quick resolution of disputes related to LLPs, promoting transparency and encouraging entrepreneurship in India.