{"id":246795,"date":"2021-04-13T12:45:11","date_gmt":"2021-04-13T07:15:11","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=246795"},"modified":"2021-04-13T12:46:26","modified_gmt":"2021-04-13T07:16:26","slug":"budget-session-18-bills-passed-by-parliament","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2021\/04\/13\/budget-session-18-bills-passed-by-parliament\/","title":{"rendered":"Budget Session | 18 Bills passed by Parliament"},"content":{"rendered":"<p style=\"text-align: justify;\">The Budget Session, 2021 of Parliament, which commenced on January 29, 2021, has been adjourned on March 25, 2021.<\/p>\n<p style=\"text-align: justify;\">During this Session a total of 20 Bills (17 in Lok Sabha and 03 in Rajya Sabha) were introduced. 18 Bills were passed by Lok Sabha and 19 Bills were passed by Rajya Sabha.<\/p>\n<ul style=\"text-align: justify;\">\n<li><a href=\"https:\/\/www.scconline.com\/blog\/post\/2021\/03\/16\/arbitration-and-conciliation-amendment-act-2021\/\"><span dir=\"ltr\"><span style=\"color: #000080;\"><strong>Arbitration and Conciliation (Amendment) Bill, 2021<\/strong><\/span><\/span><\/a><\/li>\n<\/ul>\n<p style=\"text-align: justify;\">On 11<sup>th<\/sup> March, 2021, the Central Government has notified the \u2018The Arbitration and Conciliation (Amendment) Act, 2021\u2019. The Amendment Act is deemed to have come into effect from 4<sup>th<\/sup> November, 2020. The Amendment Act seeks to repeal The Arbitration and Conciliation (Amendment) Ordinance, 2020 and amend the Arbitration and Conciliation Act, 1996 (\u201cAct\u201d).<\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #008000;\">To READ MORE: CLICK <\/span><a href=\"https:\/\/www.scconline.com\/blog\/post\/2021\/03\/16\/arbitration-and-conciliation-amendment-act-2021\/\"><span style=\"color: #008000;\">HERE<\/span><\/a><\/p>\n<ul style=\"text-align: justify;\">\n<li><a href=\"https:\/\/www.scconline.com\/blog\/post\/2021\/02\/19\/major-port-authorities-act-2021\/\"><strong><span dir=\"ltr\" style=\"color: #000080;\">Major Port Authorities Bill, 202<\/span><\/strong><span dir=\"ltr\"><span style=\"color: #000080;\"><strong>1<\/strong><\/span><\/span><\/a><\/li>\n<\/ul>\n<p style=\"text-align: justify;\">On February 17, 2021, the Major Port Authorities Act, received the assent of the President which will replace the previous Major Port Trusts Act, 1963.<\/p>\n<div class=\"page\" style=\"text-align: justify;\" title=\"Page 1\">\n<div class=\"layoutArea\">\n<div class=\"column\">\n<p>Purpose of the Act: The Act is enacted to provide for regulation, operation and planning of Major Ports in India and to vest the administration, control and management of such ports upon the Boards of Major Port Authorities and for matters connected therewith or incidental thereto.<\/p>\n<p><span style=\"color: #008000;\">To READ MORE: CLICK <\/span><a href=\"https:\/\/www.scconline.com\/blog\/post\/2021\/02\/19\/major-port-authorities-act-2021\/\"><span style=\"color: #008000;\">HERE<\/span><\/a><\/p>\n<\/div>\n<\/div>\n<\/div>\n<ul style=\"text-align: justify;\">\n<li><a href=\"https:\/\/www.scconline.com\/blog\/post\/2021\/03\/26\/medical-termination-of-pregnancy-amendment-act-2021-receives-presidents-assent\/\"><strong><span dir=\"ltr\" style=\"color: #000080;\">Medical Termination of Pregnancy (Amendment) Bill, 202<\/span><\/strong><span dir=\"ltr\"><span style=\"color: #000080;\"><strong>1<\/strong><\/span><\/span><\/a><\/li>\n<\/ul>\n<p style=\"text-align: justify;\">On March 25, 2021, the Medical Termination of Pregnancy (Amendment) Act, 2021 received President\u2019s assent which will modify the Medical Termination of Pregnancy Act, 1971.<\/p>\n<p style=\"text-align: justify;\">It shall come into force on such date as the Central Government may, by notification in the Official Gazette notifies.<\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #008000;\">To READ MORE: CLICK <\/span><a href=\"https:\/\/www.scconline.com\/blog\/post\/2021\/03\/26\/medical-termination-of-pregnancy-amendment-act-2021-receives-presidents-assent\/\"><span style=\"color: #008000;\">HERE<\/span><\/a><\/p>\n<ul style=\"text-align: justify;\">\n<li><a href=\"https:\/\/www.scconline.com\/blog\/post\/2021\/03\/22\/lok-sabha-passes-insurance-amendment-bill-2021\/\"><strong><span dir=\"ltr\" style=\"color: #000080;\">I<\/span><\/strong><span dir=\"ltr\"><span style=\"color: #000080;\"><strong>nsurance (Amendment) Bill, 2021<\/strong><\/span><\/span><\/a><\/li>\n<\/ul>\n<p style=\"text-align: justify;\">The Insurance (Amendment) Act, 2021 shall come into force, once notified in the official gazette. The Act increases the Foreign Direct Investment (FDI) limit in the sector to 74 percent and removes restrictions on ownership and control. However, such foreign investment may be subject to additional conditions as prescribed by the Central Government.<\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #008000;\">To READ MORE: CLICK <a style=\"color: #008000;\" href=\"https:\/\/www.scconline.com\/blog\/post\/2021\/03\/26\/insurance-amendment-act-2021-receives-presidents-assent\/\">HERE<\/a><\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li><a href=\"https:\/\/www.scconline.com\/blog\/post\/2021\/04\/02\/mines-and-minerals-development-and-regulation-amendment-act-2021-receives-presidents-assent\/\"><span dir=\"ltr\"><span style=\"color: #000080;\"><strong>Mines and Minerals (Developments and Regulation) Amendment Bill, 2021<\/strong><\/span><\/span><\/a><\/li>\n<\/ul>\n<p style=\"text-align: justify;\">The Mines and Minerals (Development and Regulation) Amendment Act, 2021 has come into force on March 28, 2021. It was passed in Lok Sabha on March 19, 2021 and Rajya Sabha on March 22, 2021. The Act amends the Mines and Minerals (Development and Regulation) Act, 1957, which regulates the mining sector in India.<\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #008000;\">To READ MORE: CLICK <\/span><a href=\"https:\/\/www.scconline.com\/blog\/post\/2021\/04\/02\/mines-and-minerals-development-and-regulation-amendment-act-2021-receives-presidents-assent\/\"><span style=\"color: #008000;\">HERE<\/span><\/a><\/p>\n<ul style=\"text-align: justify;\">\n<li><strong><span dir=\"ltr\" style=\"color: #000080;\">Finance Bill, 2021<\/span><\/strong><\/li>\n<\/ul>\n<p style=\"text-align: justify;\">On March 28, 2021, the Finance Act received President\u2019s assent in order to give effect <span dir=\"ltr\">to the financial proposals of the <\/span><span dir=\"ltr\">Central Government for the financial year 2021-2022<\/span>.<\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #008000;\">To READ MORE: CLICK <\/span><a href=\"https:\/\/www.scconline.com\/blog\/post\/2021\/03\/29\/finance-act-2021-receives-presidents-assent\/\"><span style=\"color: #008000;\">HERE<\/span><\/a><\/p>\n<ul style=\"text-align: justify;\">\n<li><strong><span style=\"color: #000080;\"><span dir=\"ltr\">National Commission for Allied and Healthcare Professions Bill, 202<\/span><span dir=\"ltr\">1<\/span><\/span><\/strong><\/li>\n<\/ul>\n<p style=\"text-align: justify;\">The National Commission for Allied and Healthcare Professions Bill, 2020 was passed in Rajya Sabha on 16<sup>th<\/sup> March, 2021. It was earlier passed in Lok Sabha on 15<sup>th<\/sup> September, 2020. The Bill seeks to regulate and maintain the standards of education and services by allied and healthcare professionals.<\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #008000;\">To READ MORE: CLICK <\/span><a href=\"https:\/\/www.scconline.com\/blog\/post\/2021\/03\/25\/parliament-passes-national-commission-for-allied-and-healthcare-professions-bill-2020\/\"><span style=\"color: #008000;\">HERE<\/span><\/a><\/p>\n<ul style=\"text-align: justify;\">\n<li><a href=\"https:\/\/www.scconline.com\/blog\/post\/2021\/03\/24\/national-capital-territory-of-delhi-laws-special-provisions-second-amendment-bill-2021\/\"><strong><span dir=\"ltr\" style=\"color: #000080;\">Government of National Capital Territory of <\/span><\/strong><span dir=\"ltr\"><span style=\"color: #000080;\"><strong>Delhi (Amendment) Bill, 2021<\/strong><\/span><\/span><\/a><\/li>\n<\/ul>\n<p style=\"text-align: justify;\">The Parliament has passed the National Capital Territory of Delhi Laws (Special Provisions) Second (Amendment) Bill, 2021. The Bill was passed by Lok Sabha on March 11, 2021 and it was passed by Rajya Sabha earlier last month.<\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #008000;\">To READ MORE: CLICK <\/span><a href=\"https:\/\/www.scconline.com\/blog\/post\/2021\/03\/24\/national-capital-territory-of-delhi-laws-special-provisions-second-amendment-bill-2021\/\"><span style=\"color: #008000;\">HERE<\/span><\/a><\/p>\n<ul style=\"text-align: justify;\">\n<li><strong><span dir=\"ltr\" style=\"color: #000080;\">National Bank for Financing Infrastructure and Development Bill, 2021<\/span><\/strong><\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span dir=\"ltr\">The National Bank For Financing Infrastructure And Development Act, 2021 receives President\u2019s assent on March 28, 2021. The Act seeks to establish the National Bank for Financing Infrastructure and Development (NaBFID) to fund infrastructure projects in India.<br \/>\n<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #008000;\">To READ MORE: CLICK <\/span><a href=\"https:\/\/www.scconline.com\/blog\/post\/2021\/04\/02\/national-bank-for-financing-infrastructure-and-development-act-2021-receives-presidents-assent\/\"><span style=\"color: #008000;\">HERE<\/span><\/a><\/p>\n<ul>\n<li><span style=\"color: #000080;\"><strong><span dir=\"ltr\">Jammu and Kashmir Reorganisation (Amendment) Bill, 2021<\/span><\/strong><\/span><\/li>\n<\/ul>\n<p>Lok Sabha passed the Jammu and Kashmir Reorganisation (Amendment) Bill, 2021, by a voice vote and it was passed by the Rajya Sabha on February, 2021.<\/p>\n<p>Read more about <a href=\"https:\/\/www.scconline.com\/blog\/post\/2021\/01\/08\/president-promulgates-jammu-and-kashmir-reorganisation-amendment-ordinance-2021-provisions-relating-to-services-and-legislative-assembly-amended\/\" rel=\"bookmark\">President promulgates <span class=\"search-everything-highlight-color\">Jammu<\/span> <span class=\"search-everything-highlight-color\">and<\/span> <span class=\"search-everything-highlight-color\">Kashmir<\/span> <span class=\"search-everything-highlight-color\">Reorganisation<\/span> (Amendment) Ordinance, 2021; Provisions relating to Services <span class=\"search-everything-highlight-color\">and<\/span> Legislative Assembly amended.<\/a><\/p>\n<ul style=\"text-align: justify;\">\n<li><span dir=\"ltr\">Constitution (Schedule<\/span><span dir=\"ltr\">d <\/span><span dir=\"ltr\">Castes) Order (Amendment) Bill, 2021<\/span><\/li>\n<li><span dir=\"ltr\">The Appropriation (No.2) Bill, 2021<\/span><\/li>\n<li><span dir=\"ltr\">The Appropriation Bill, 2021<\/span><\/li>\n<li><span dir=\"ltr\">The Jammu and <\/span><span dir=\"ltr\">Kashmir Appropriation Bill, 2021<\/span><\/li>\n<li><span dir=\"ltr\">The Jammu and Kashmir Appropriation (No. 2) Bill, 2021<\/span><\/li>\n<li><span dir=\"ltr\">The Puducherry Appropriation Bill, 2021<\/span><\/li>\n<li><span dir=\"ltr\">The Puducherry Appropriation (Vote on Account) Bill, 2021<\/span><\/li>\n<li><span dir=\"ltr\">National Capital Territory of Delhi Laws (Special Provisions) Second (Amendment), <\/span><span dir=\"ltr\">Bill, 2021<\/span><\/li>\n<\/ul>\n<p style=\"text-align: justify;\">\n","protected":false},"excerpt":{"rendered":"<p>The Budget Session, 2021 of Parliament, which commenced on January 29, 2021, has been adjourned on March 25, 2021. During this Session <\/p>\n","protected":false},"author":8808,"featured_media":247031,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1188,2],"tags":[],"class_list":["post-246795","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hot_off_the_press","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.4 (Yoast SEO v26.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Budget Session | 18 Bills passed by Parliament | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.scconline.com\/blog\/post\/2021\/04\/13\/budget-session-18-bills-passed-by-parliament\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Budget Session | 18 Bills passed by Parliament\" \/>\n<meta property=\"og:description\" content=\"The Budget Session, 2021 of Parliament, which commenced on January 29, 2021, has been adjourned on March 25, 2021. 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In total 30 Bills have been passed this session in 35 sittings. Bills passed by both the houses of the Parliament are listed below: The Special Economic Zones (Amendment)\u2026","rel":"","context":"In &quot;Hot Off The Press&quot;","block_context":{"text":"Hot Off The Press","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/hot_off_the_press\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Parliament_Colour.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Parliament_Colour.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Parliament_Colour.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Parliament_Colour.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Parliament_Colour.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":246103,"url":"https:\/\/www.scconline.com\/blog\/post\/2021\/03\/25\/parliament-passes-government-of-national-capital-territory-of-delhi-amendment-bill-2021\/","url_meta":{"origin":246795,"position":1},"title":"Parliament passes Government of National Capital Territory of Delhi (Amendment) Bill, 2021","author":"Prachi Bhardwaj","date":"March 25, 2021","format":false,"excerpt":"The Parliament has passed the Government of National Capital Territory of Delhi (Amendment) Bill, 2021 (hereinafter the 'Bill'). The Bill was passed by Lok Sabha on March 15, 2021 and it was passed by Rajya Sabha on March 22, 2021. The Bill seeks to amend the Government of National Capital\u2026","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/03\/MicrosoftTeams-image-30.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/03\/MicrosoftTeams-image-30.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/03\/MicrosoftTeams-image-30.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/03\/MicrosoftTeams-image-30.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/03\/MicrosoftTeams-image-30.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":252566,"url":"https:\/\/www.scconline.com\/blog\/post\/2021\/08\/12\/rajya-sabha-clears-national-commission-for-homoeopathy-amendment-bill-2021-and-national-commission-for-indian-system-of-medicine-amendment-bill-2021\/","url_meta":{"origin":246795,"position":2},"title":"Rajya Sabha clears National Commission for Homoeopathy (Amendment) Bill, 2021 and National Commission for Indian System of Medicine (Amendment) Bill, 2021","author":"Bhumika Indulia","date":"August 12, 2021","format":false,"excerpt":"On August 11, 2021, the Rajya Sabha passed the National Commission for Homoeopathy (Amendment) Bill, 2021 and the National Commission for Indian System of Medicine (Amendment) Bill, 2021.The two bills were cleared by the Lok Sabha on Tuesday. The National Commission for Indian System of Medicine (Amendment) Bill, 2021, seeks\u2026","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/12\/parliamentSM.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/12\/parliamentSM.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/12\/parliamentSM.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/12\/parliamentSM.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/12\/parliamentSM.jpg?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/12\/parliamentSM.jpg?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":222932,"url":"https:\/\/www.scconline.com\/blog\/post\/2019\/12\/07\/bills-that-received-presidents-assent-parliament-of-india-weekly-update-of-winter-session\/","url_meta":{"origin":246795,"position":3},"title":"Bills that received President&#8217;s assent &#8212; Parliament of India [Weekly Update of Winter Session]","author":"Bhumika Indulia","date":"December 7, 2019","format":false,"excerpt":"Following are the Bills that have received President's assent in this week of the Parliament Sessions: The Chit Funds (Amendment) Act, 2019 The Jallianwala Bagh National Memorial (Amendment) Act, 2019 The Transgender Persons (Protection of Rights) Act, 2019 The Prohibition of Electronic Cigarettes (Production, Manufacture, Import, Export, Transport, Sale, Distribution,\u2026","rel":"","context":"In &quot;Hot Off The Press&quot;","block_context":{"text":"Hot Off The Press","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/hot_off_the_press\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Parliament_Colour.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Parliament_Colour.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Parliament_Colour.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Parliament_Colour.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Parliament_Colour.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":245674,"url":"https:\/\/www.scconline.com\/blog\/post\/2021\/03\/16\/arbitration-and-conciliation-amendment-act-2021\/","url_meta":{"origin":246795,"position":4},"title":"Arbitration and Conciliation (Amendment) Act, 2021","author":"Prachi Bhardwaj","date":"March 16, 2021","format":false,"excerpt":"On 11th March, 2021, the Central Government has notified the \u2018The Arbitration and Conciliation (Amendment) Act, 2021\u2019. The Amendment Act is deemed to have come into effect from 4th November, 2020. The Amendment Act seeks to repeal The Arbitration and Conciliation (Amendment) Ordinance, 2020 and amend the Arbitration and Conciliation\u2026","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Parliament_Colour.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Parliament_Colour.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Parliament_Colour.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Parliament_Colour.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Parliament_Colour.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":252474,"url":"https:\/\/www.scconline.com\/blog\/post\/2021\/08\/10\/limited-liability-partnership-amendment-bill-2021-passed-by-lok-sabha\/","url_meta":{"origin":246795,"position":5},"title":"Limited Liability Partnership (Amendment) Bill, 2021 passed by Lok Sabha","author":"Bhumika Indulia","date":"August 10, 2021","format":false,"excerpt":"On August 10, 2021, the Limited Liability Partnership (Amendment) Bill, 2021 passed by the Lok Sabha. It was passed by the Rajya Sabha on August 04, 2021. The amendment seeks to amend LLP Act, 2008. Key highlights: De-criminalization of procedural & technical defaults under LLP Act, 2008 will incentivize compliance\u2026","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/12\/parliamentSM.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/12\/parliamentSM.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/12\/parliamentSM.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/12\/parliamentSM.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/12\/parliamentSM.jpg?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/12\/parliamentSM.jpg?resize=1400%2C800&ssl=1 4x"},"classes":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/246795","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/users\/8808"}],"replies":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/comments?post=246795"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/246795\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media\/247031"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=246795"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=246795"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=246795"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}