The extension of Section 241 of Companies Act to LLPs represents a crucial step in addressing the current inadequacies in legal protection.

The author sees the amendment to the LLP Act as encouraging entrepreneurs and other professionals to consider forming LLPs.

[Alok Bhardwaj is a third-year B.A.LL.B. (Hons.) student at Dr. Ram Manohar Lohiya National Law University, Lucknow.] There are broadly...