Ministry of Corporate Affairs (MCA) had issued a public notice with respect to Decriminalization of Compoundable Offences under the Limited Liability Partnership (LLP) Act, 2008 for improving Business Sentiments.
Accordingly, the Committee held its meetings on 26th August, 2020 and 2nd September, 2020 respectively and after considering suggestions received from the stakeholders, it has submitted its report.
In the report, the Committee inter-alia has recommended twelve offences to be decriminalized and to be shifted to In-house Adjudication Mechanism and two offences to be omitted.
Further, it stated that public comments/ suggestions are invited on the recommendations of the Committee to this Ministry latest by 2nd February, 2021.
Click here for official notice:
MCA’s New Scheme for Condonation of Delay