FDI in LLPs: permitted in sectors allowing full automatic foreign investment, subject to sectoral prohibitions and funding rules. FDI in LLPs is permitted only in sectors allowing full foreign investment through the automatic route without FDI-linked performance conditions; LLPs with FDI cannot engage in agricultural/plantation activity, print media or real estate, nor make downstream investments. Foreign capital must be received by inward remittance or by debit to permitted foreign currency accounts via authorized banks. FIIs, FVCIs and ECBs are not permitted. Designated partners must satisfy residency requirements under foreign exchange law, corporate designated partners must be Companies Act-registered companies, conversion of FDI companies to LLPs needs prior government approval, and designated partners are liable for compliance and penalties.
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.
FDI in LLPs: permitted in sectors allowing full automatic foreign investment, subject to sectoral prohibitions and funding rules.
FDI in LLPs is permitted only in sectors allowing full foreign investment through the automatic route without FDI-linked performance conditions; LLPs with FDI cannot engage in agricultural/plantation activity, print media or real estate, nor make downstream investments. Foreign capital must be received by inward remittance or by debit to permitted foreign currency accounts via authorized banks. FIIs, FVCIs and ECBs are not permitted. Designated partners must satisfy residency requirements under foreign exchange law, corporate designated partners must be Companies Act-registered companies, conversion of FDI companies to LLPs needs prior government approval, and designated partners are liable for compliance and penalties.
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