One of the proposed changes is to allow LLPs to issue non-convertible debentures (NCDs), a senior government official told Business Standard.
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LLP Law | Winter session of parliament
After amending the Companies Law, the Ministry of Corporate Affairs now seeks to decriminalize the provisions of the Limited Liability Companies (LLP) Law at the next Winter Session of Parliament. One of the proposed changes is to allow LLPs to issue non-convertible debentures (NCDs), a senior government official told Business Standard. “Many provisions of the Companies Act are also linked to the LLP Act.
We want to make sure that both are compatible and also end criminality when it comes to procedural crimes, ”said the official. About 20 clauses in the …
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First Post: Monday, Nov 16, 2020 6:10 AM IST
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