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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
Govt brings schemes for 'fresh start' for cos, LLPs amid Covid1-9 outbreak
The entities would get immunity from penal proceedings with respect to delay in submission of requisite filings
Alternative investment funds explore conversion to LLPs over tax surcharge
Compliance burden may, however, make conversion difficult to execute
After targeting over 200,000 shell firms, govt is trying to weed out LLPs
An LLP is a company in which partners are not always responsible for each other's actions
