Which of the following statements is/are correct with reference to the Limited Liability Partnership (Amendment) Bill 2021?

Which of the following statements is/are correct with reference to the Limited Liability Partnership (Amendment) Bill 2021?

A. Limited Liability Partnership (Amendment) Bill 2021, that was introduced in Rajya Sabha got the approval from union cabinet on 28 July 2021.

B. The Amendment Bill seeks to facilitate greater ease of living to law-abiding corporates and to decriminalise certain provisions of the Act.

C. Both A & B

D. None of these

Explanation:

Limited Liability Partnership (Amendment) Bill 2021, that was introduced in Rajya Sabha got the approval from union cabinet on 28 July 2021. The Amendment Bill seeks to facilitate greater ease of living to law-abiding corporates and to decriminalise certain provisions of the Act.