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DE-TRUSTIFYING AIFS: SECTION 57A’S MISSING TAX COMPANION
This post is authored by Moksha Pancholi, fourth-year B.B.A. LL.B student at OP Jindal Global University. Introduction The Corporate Laws (Amendment) Bill, 2026 proposes a new section 57A in the Limited Liability Partnership Act, 2008, accompanied by a new Fifth Schedule. The provision allows a “specified trust” the one constituted under the Indian Trusts Act, 1882 (or any Central or State enactment) and registered with SEBI or the IFSCA to convert into a limited liability pa