New Delhi:
The Rajya Sabha on Wednesday passed the Limited Liability Partnership (Amendment) Bill, which seeks to encourage the start-up ecosystem and further boost ease of doing business, amid uproar by the opposition on Pegasus snooping row and other issues.
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 the Limited Liability Partnership (LLP) Act, 2008.
Finance Minister Nirmala Sitharaman moved the bill for consideration and passage. The bill was introduced in the House last week.Amid the uproar, Sitharaman made a brief reply following which the amendment bill was passed with voice vote.
The minister said it is a very timely bill and will bring positivity in the LLP eco-system. She stressed that the legislation will lead to ease of doing business.
Some opposition members tried to raise their issues when called for speaking on the bill. However, Deputy Chairman Harivansh did not allow them.
Earlier, this week, the Union Cabinet had approved amendments to the Act including decriminalising 12 offences under the law.