Foreign Direct Investment in LLPs requires prior government approval plus specific valuation, payment and reporting conditions under FEMA. Foreign direct investment in LLPs is allowed only in LLPs formed under the LLP Act and limited to sectors permitting 100% automatic FDI without performance conditions. All foreign investment requires prior Government/FIPB approval. Eligible investment is capital contribution (profit share treated as reinvestment). Pricing must meet fair price valuation certified by an approved valuer or prescribed accountant. Payments must be by inward remittance or debit to specified non resident accounts via AD Category I banks. LLPs must report transactions to the Reserve Bank through AD Category I banks with supporting FIRCs, valuation and KYC documentation to obtain a Unique Identification Number.
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 Direct Investment in LLPs requires prior government approval plus specific valuation, payment and reporting conditions under FEMA.
Foreign direct investment in LLPs is allowed only in LLPs formed under the LLP Act and limited to sectors permitting 100% automatic FDI without performance conditions. All foreign investment requires prior Government/FIPB approval. Eligible investment is capital contribution (profit share treated as reinvestment). Pricing must meet fair price valuation certified by an approved valuer or prescribed accountant. Payments must be by inward remittance or debit to specified non resident accounts via AD Category I banks. LLPs must report transactions to the Reserve Bank through AD Category I banks with supporting FIRCs, valuation and KYC documentation to obtain a Unique Identification Number.
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