LLP eligibility to raise External Commercial Borrowings is precluded where LLPs are ineligible to receive foreign direct investment. LLPs are not eligible to receive foreign direct investment and therefore cannot raise External Commercial Borrowings or trade credits treated as ECBs, with LLP ineligibility for FDI determining ECB ineligibility under the regulatory framework.
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.
LLP eligibility to raise External Commercial Borrowings is precluded where LLPs are ineligible to receive foreign direct investment.
LLPs are not eligible to receive foreign direct investment and therefore cannot raise External Commercial Borrowings or trade credits treated as ECBs, with LLP ineligibility for FDI determining ECB ineligibility under the regulatory framework.
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