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<h1>Rule 10 Exempts LLPs with Government, SEBI, RBI, IRDAI, or PFRDA Control from Beneficial Ownership Rules</h1> The Limited Liability Partnership (Significant Beneficial Owners) Rules, 2023, specifically Rule 10, outlines the non-applicability of these rules. They do not apply when the contribution of the reporting LLP is held by the Central or State Government, local authorities, or entities controlled by these governments. Additionally, the rules are not applicable to investment vehicles registered with and regulated by the Securities and Exchange Board of India, such as mutual funds and REITs, or those regulated by the Reserve Bank of India, the Insurance Regulatory and Development Authority of India, or the Pension Fund Regulatory and Development Authority.