Foreign direct investment in LLPs requires filing a report via AD Category I bank to RBI within 30 days, with KYC and valuation. An investee LLP must file a report of receipt of consideration for capital contribution or acquisition/transfer of profit shares through its Authorised Dealer Category I bank to the Reserve Bank regional office within 30 days, providing LLP and investor identification, transaction amounts, business activity, route eligibility, government approvals where required, and enclosing KYC, FIRC and a valuation certificate; the AD bank endorses the filing and the Reserve Bank issues a Unique Identification Number for the remittance.
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Foreign direct investment in LLPs requires filing a report via AD Category I bank to RBI within 30 days, with KYC and valuation.
An investee LLP must file a report of receipt of consideration for capital contribution or acquisition/transfer of profit shares through its Authorised Dealer Category I bank to the Reserve Bank regional office within 30 days, providing LLP and investor identification, transaction amounts, business activity, route eligibility, government approvals where required, and enclosing KYC, FIRC and a valuation certificate; the AD bank endorses the filing and the Reserve Bank issues a Unique Identification Number for the remittance.
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