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The recent amendments to the Limited Liability Partnership (LLP) Act will help entities operating in unorganised forms of businesses shift into organised structures, according to a senior official

Parliament

Lok Sabha Monday passed the Limited Liability Partnership (Amendment) Bill, which seeks to encourage the start-up ecosystem and further boost the ease of doing business, amid uproar by the Opposition

The bill, which was passed after a short debate, seeks to decriminalise 12 offences under the law and help to improve the ease of doing business by amending LLP Act, 2008.

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The government will also introduce a new definition of small LLPs based on their turnover size and contributions by partners

The government on Wednesday approved amendments to the Limited Liability Partnership (LLP) Act, including decriminalising 12 offences under the law

One proposal is to create small LLPs in line with the concept of small companies

From market-cap to GDP ration touching highest in 12 quarters, to bond the market's positive reaction to RBI's moves, here are the top headlines on Monday

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One of the changes being proposed is allowing LLPs to issue non-convertible debentures (NCDs), a senior government official told Business Standard

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More than 1.45 lakh LLPs are registered under the LLP Act and a bulk of them are small and medium enterprises.

LLPs

The entities would get immunity from penal proceedings with respect to delay in submission of requisite filings

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There can't be any other explanation for the thousands of companies converting to LLPs

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Conversion of companies into LLPs picked up pace in the past three years because of easy rules

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Certain issues would require detailed evaluation before certainty can be obtained on tax treatment of LLP conversions

The run-up in the markets in these last few months, analysts at HSBC said, has made investors nervous about the markets amid multiple headwinds

markets

India has told Canada that if any of these diplomats stay after October 10, their diplomatic immunity will be revoked

Justin Trudeau

What the data suggests, however, is that India's numbers are unsustainable. They're driven by debt-fueled household consumption and government investment

Rupee, Indian Rupee, Indian currency

Asian Games 2023 Day 10 Highlights: India's athletics contingent kept the medals coming as they won 6 medals including 2 Golds. India's medals tally reached a total of 69 medals at the end of Day 10

Asian Games 2023 Day 10 live updates

Closing Bell on October 3, 2023: In the broader markets, the key indices outperformed the frontline indices with the BSE MidCap index gaining 0.09%, and the BSE SmallCap index advancing 0.6%

BSE, stock market, sensex

Asian Games 2023 Highlights, Day 8: India won three gold and a total of 15 medals to record their best-ever single-day medal haul to finish in 4th place in the medals tally in Hangzhou, China

Asian Games 2023 live updates October 1

On a visit to the state earlier, Rahul launched a blistering attack on the BJP, saying its government in Madhya Pradesh was "epicentre of corruption" and was not paying the proper price to farmers

Shivraj Singh Chouhan

The last Krishi Kumbh was organised in 2018

Yogi Adityanath, Operation Conviction

The summit, also known as Parliament 20 (P20) is expected to be held between October 12 and 14 in the new Parliament building

Vice President Jagdeep Dhankhar

On the brink of a federal government shutdown, the House on Saturday swiftly approved 45-day funding bill to keep federal agencies open as Speaker Kevin McCarthy dropped demands for steep spending cuts and relied on Democratic votes for passage to send the package to the Senate.
The new approach would leave behind aid to Ukraine, a White House priority opposed by a growing number of GOP lawmakers, but the plan would increase federal disaster assistance by $16 billion, meeting President Joe Biden's full request. The House vote was 335-91.
With hours to go for the midnight deadline to fund the government, the Senate was also in for a rare weekend session and prepared to act next.
We're going to do our job, McCarthy said ahead of voting. We're going to be adults in the room. And we're going to keep government open.
With no deal in place before Sunday, federal workers will face furloughs, more than 2 million active-duty and reserve military troops will work without pay and programmes a

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The combined market valuation of five of the top 10 most valued firms declined by Rs 62,586.88 crore last week, with IT majors Tata Consultancy Services (TCS) and Infosys taking the biggest hit, amid an overall bearish trends in equities.
Last week, the BSE benchmark fell 180.74 points or 0.27 per cent, and the Nifty declined 35.95 points or 0.18 per cent.
The market valuation of TCS plunged Rs 26,308.58 crore to Rs 12,91,919.56 crore.
Infosys witnessed an erosion of Rs 25,296.43 crore from its valuation which was at Rs 5,95,597.10 crore.
The market valuation of Reliance Industries fell by Rs 5,108.05 crore to Rs 15,87,553.37 crore and that of Hindustan Unilever declined by Rs 3,865.08 crore to Rs 5,79,373.96 crore.
The market capitalisation (mcap) of HDFC Bank dipped Rs 2,008.74 crore to Rs 11,57,145.86 crore.
However, the mcap of Bajaj Finance jumped Rs 20,413.41 crore to Rs 4,73,186.41 crore.
Bharti Airtel added Rs 8,520.13 crore to Rs 5,19,279.14 crore in its valuation while

Even if generative artificial intelligence has been overhyped, it's safe to assume that ChatGPT-type bots will only get better at routine tasks like writing computer software

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Half of India's population between the age of 30-55 years believes 59 years should be the age of retirement and thirty-two years is when one should ideally start retirement planning,

investment,saving, money, retirement, rupee

As the festival season approaches, followed by elections, state and national, there will be pressure on liquidity since cash with the public will rise

Banks credit growth

Bidhuri may be a small fry in the larger calculus of the party. Yet, in his blundering and uncultured way, he was voicing in Parliament what has already been normalised on the streets

Bidhuri

India and Bangladesh on Tuesday commenced the 11th edition of the annual joint military exercise, 'SAMPRITI-XI' in Umroi, Meghalaya, the Ministry of Defence said in a statement

SAMPRITI

External Affairs Minister S Jaishankar on Tuesday held a meeting with Dominican Republic Vice President Raquel Pena Rodriguez and discussed further strengthening of bilateral ties, particulary in trade, commerce, education, defence, space and renewables. In a post shared on X, formerly known as Twitter, Jaishankar stated, "Delighted to meet VP @RaquelPenaVice of the Dominican Republic this evening in New Delhi Discussed further strengthening of our bilateral ties, especially in trade  &  commerce, education, defence, space and renewables. Exchanged views on regional and multilateral issues as well."Earlier in the day, Dominican Republic Vice President Rodriguez met President Droupadi Murmu at Rashtrapati Bhavan. On meeting Rodriguez, President Murmu emphasised that capacity building is one of the central pillars of Indian-Dominican Republic cooperation."She was happy to note that recently, India has organized two Special Indian Technical and Economic Cooperation (ITEC) training ...

Jaishankar, EAM Jaishankar

Hundreds of small tremors have shaken a densely populated volcanic area west of the Italian city of Naples in recent weeks, pushing the government to quickly redraft mass evacuation plans, even though experts don't see an imminent risk of eruption.
In the latest of a long string of tremors, a 4.0-magnitude earthquake hit the region of Campi Flegrei (Phlegraean Fields) Monday. The region is home to a caldera, a cauldron-shaped depression left behind by the eruption of a very large volcano.
The one in Campi Flegri is the largest in Europe and last erupted in 1538. A new explosion would put half a million inhabitants at risk.
Monday's tremor followed a 4.2-magnitude quake recorded last week, the strongest in the area for 40 years, according to the National Institute of Geophysics and Volcanology (INGV).
Experts at INGV have warned authorities and residents that tremors could intensify in the near future as seismic activity continues.
However, they have clarified that the intensity of

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The GDP contribution and jobs supported more than doubled compared to 2019 despite the Covid-19 outbreak and the related restrictions

Airbnb

While telecom companies are yet to raise tariffs for 5G, the report said 40 percent of users are also willing to pay more for higher volumes of data

LLP Act

LLP Act amendments to help entities shift from unorganised to organised biz

Parliament passes LLP Amendment Bill to boost start-ups, ease of business

RS passes Limited Liability Partnership Amendment Bill to boost ease of biz

Cabinet approves amendments to LLP Act; 12 offences to be decriminalised

Govt clears amendments to LLP Act; to decriminalise 12 offences under law

Govt to decriminalise 12 offences under LLP Act for ease of doing business

Top headlines: M-cap to GDP ratio, RBI's liquidity infusion, and more

Govt to decriminalise provisions of LLP Act in upcoming Winter Session

Centre plans to decriminalise provisions of LLP Act, invites comments

Govt brings schemes for 'fresh start' for cos, LLPs amid Covid1-9 outbreak

Letter to BS: Govt may amend LLP Act to tighten noose on shell firms

Corporate Affairs Min may amend LLP Act to tighten noose on shell firms

Tax uncertainty continues on LLP conversions