Driven by excellence, focused on strategies for the longer term.

This is the crux of who we are. It is an articulation of precision in purpose, from the Firm’s beginnings to where we are today. Our collective eye is unerringly trained on tomorrow.

Deep sectoral expertise across services and industries.

Our insistence on strategic advisory exacts an in-depth understanding of and involvement with our clients’ businesses and industries. We engage not just individual businesses, but also contribute to the country’s legal and regulatory frameworks.

Personal commitment supported by experience and grit.

We commit early. We pull together internally for greater support. Every effort is sincere, every individual deeply dedicated to their task, their role, to the Firm.

Our undertakings for long-term impact are an organic extension of our purpose.

They are to employ our deep knowledge of the law beyond the business, the transaction, the deal. To use the opportunities and skills we possess, to reflect on the culture we’re creating. Individually and collectively, these are our efforts to help shape the thinking of our future generations, and arm them with strategies for true, sustainable growth.

Knowledge-sharing is intrinsic to equity and inclusivity.

This is a repository of thought leadership, deep insights and strong viewpoints, legal and other news and events and how they impact the industry and our clients.

Relevance is critical to growth. It necessitates a firm that is dynamic and responsive.

Amplifying intrinsic talent, sharpening skills, expanding knowledge, is vital to leading. It defines every aspect of how our firm functions and transacts. This is how we create new benchmarks and set industry standards.

  • Connect
Mar 31, 2022

Commencement of Limited Liability Partnership (Amendment) Act, 2021

The Ministry of Corporate Affairs (‘MCA’) by a Notification dated February 11, 2022, has appointed April 1, 2022, as the date of commencement of Sections 1 to 29 of the Limited Liability Partnership (Amendment) Act, 2021, which had been previously notified by the Ministry of Law, by its Notification dated August 13, 2021. Through these amendments to the Limited Liability Partnership Act, 2008, the Government seeks to improve ease of doing business and these amendments inter alia deal with de-criminalisation of offences by providing for monetary penalties, recognition of the concept of start-up limited liability partnerships (‘LLP’), introduction of the concept of small LLPs, empowering the Regional Director to compound the offences, and establishment of special Courts for speedy adjudication of offences.

TAGS

SHARE

Subscribe

DISCLAIMER

These are the views and opinions of the author(s) and do not necessarily reflect the views of the Firm. This article is intended for general information only and does not constitute legal or other advice and you acknowledge that there is no relationship (implied, legal or fiduciary) between you and the author/AZB. AZB does not claim that the article's content or information is accurate, correct or complete, and disclaims all liability for any loss or damage caused through error or omission.

RELATED READING

Inter Alia

Amendments to Disclosure and Compliance Requirements with respect to Listed Non-Convertible Debt Securities

Oct 30, 2024 | Regulatory & Securities
Inter Alia

Supreme Court Clarifies Relevant Date for Determining Conversion Rate of Foreign Arbitral Award Expressed in Foreign Currency

Oct 30, 2024 | Dispute Resolution
Inter Alia

Bombay High Court Strikes Down Goa Government’s Circular on Use of Sound Recordings During Weddings

Oct 30, 2024 | Intellectual Property