Email This Page

*Denotes are mandatory fields.

Your Name : *
 
Your Email : *
 
Friend's Email : *
 
Friend's Name : *
 
Page URL : *
 
Message : *
 
Enter Captcha : *
 
 
Captcha

Try another one

 

Sending Mail Please Wait ...

MCA initiates process of De-criminalisation of compoundable offences under Limited Liability Act, 2008   Feb 03, 2021

A press release issued by the MCA has stated that a process has been initiated for De-criminalisation of compoundable offences under Limited Liability Act, 2008.

Principles adopted for Decriminalization of Compoundable Offences:

Principle 1: Offences that relate to minor/ less serious compliance issues, involving predominantly objective determinations, are proposed to be shifted to the In-house Adjudication Mechanism (IAM) framework instead of being treated as criminal offences.

Principle 2: Offences that are more appropriate to be dealt with under other laws, are proposed to be omitted from the LLP Act, 2008.

Principle 3: For non-Compoundable offences that are very serious violations entailing an element of fraud, intent to deceive and caused injury to public interest or non- compliance of order of statutory authorities impinging on effective regulation, Status Quo would be maintained.

In all, twelve (12) offences are proposed to be decriminalized and one (1) provision (Section 73) entailing criminal liability is proposed to be omitted. The 12 de-criminalized offences would then get shifted to IAM thereby de-clogging the criminal courts from routine cases.


Copy of the press release attached   

 

NEWS

POLL
No Poll Created
Close

Name : *
Email : *
Comment : *

(Max characters allowed 522.)
File Upload :
 
Captcha

Try another one

Enter Captcha Code*