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The Corporate Affairs Ministry has withdrawn its directions restricting Limited Liability Partnerships (LLPs) from engaging in manufacturing activities. Concerns were raised in various quarters about an office memorandum issued by the Ministry earlier this month, wherein LLPs were restricted from manufacturing and allied activities.
The Ministry implements the Limited Liability Partnership Act. Consultancy Corporate Professionals’ Founder Pavan Kumar Vijay said there was a misinterpretation with the memorandum and that has now been rectified.
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