Answer & ExplanationOption: Implementation of the Companies Act as well as the Limited Liability Partnership Act.Explanation:
The Company Law Committee (CLC), headed by the Corporate Affairs Secretary Rajesh Verma, has recommended that 12 offences under the LLP Act be decriminalised and that LLPs be allowed to issue NCDs to raise funds with the aim of improving ease of doing business for limited liability partnership (LLP) firms. The Registrar of Companies would have the authority to levy penalties for any contravention of provisions of the LLP Act.
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