Foreign investment in LLPs: allows non-resident capital contributions where full foreign investment is permitted under automatic route. Non-resident persons and foreign entities (excluding Pakistan and Bangladesh and certain investor categories) may invest in LLPs where full foreign investment is permitted under the automatic route and no FDI-linked performance conditions exist. Investment may be by capital contribution or profit share (reinvestment of earnings). All transfers and contributions must be at a fair price as per internationally accepted valuation norms, certified by an authorized valuer or qualified accountant. Payments must be by inward remittance or from NRE/FCNR(B) accounts, and disinvestment proceeds may be repatriated or credited to such accounts.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Foreign investment in LLPs: allows non-resident capital contributions where full foreign investment is permitted under automatic route.
Non-resident persons and foreign entities (excluding Pakistan and Bangladesh and certain investor categories) may invest in LLPs where full foreign investment is permitted under the automatic route and no FDI-linked performance conditions exist. Investment may be by capital contribution or profit share (reinvestment of earnings). All transfers and contributions must be at a fair price as per internationally accepted valuation norms, certified by an authorized valuer or qualified accountant. Payments must be by inward remittance or from NRE/FCNR(B) accounts, and disinvestment proceeds may be repatriated or credited to such accounts.
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