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Second amendment to LLP Rules will ease procedural burden: Experts

At the time of incorporation, five can be appointed designated partners

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4 min read Last Updated : Mar 09 2022 | 2:53 AM IST

According to the Economic Survey 2021-22, India has 83 unicorns. Of these, 44 were created in 2021. One factor that has aided this development is the introduction of limited liability partnership (LLP) — a platform that allows business to be carried out in partnership, but limits the liability of each partner.

Recently, the Ministry of Corporate Affairs (MCA) notified the LLP (Second Amendment) Rules, 2022, to amend the existing LLP Rules, 2009. This was the

Topics : Economic Survey LLP Ministry of Corporate Affairs PAN TAN

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