Government notifies applicability of Sec 1 to 29 of LLP (Amendment) Act, 2021 w.e.f. 01.04.2022

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  • Last Updated on 17 February, 2022

Government notifies applicability of Sec 1 to 29 of LLP (Amendment) Act 2021; small LLPs; Accounting & auditing standards for certain classes of LLPs

Notification No. S.O. 621(E), Dated: 11.02.2022

The Govt. has appointed the 01st day of April 2022 as the date on which the provisions of sections 1 to 29 of the said Act would come into force. The major provisions include the Introduction of the small LLPs, Accounting & auditing standards for certain classes of LLPs, the Decriminalization of various penalties, the establishment of special courts & tribunals, period of residence as mentioned u/s 7 of the principal Act is reduced from 182 days to 22 days.

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