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<h1>Foreign Exchange Management Act allows non-resident investment in LLPs under automatic route with sector restrictions</h1> Foreign Exchange Management Act regulations establish a scheme for foreign direct investment in Limited Liability Partnerships formed under the LLP Act 2008. Non-resident persons and entities, excluding those from Pakistan/Bangladesh and certain SEBI-registered investors, may invest through capital contribution or profit share acquisition. Investment is permitted under automatic route only in sectors allowing 100% FDI without performance conditions. Pricing must meet fair value requirements certified by qualified professionals. Payments require banking channel remittances or authorized account debits. Companies with foreign investment may make downstream investments in compliant sectors. LLPs must report investments within specified timeframes and submit annual returns to Reserve Bank of India.