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of <h1>Amendment to Foreign Trade Policy 2009-2014: 'Group Company' now includes LLPs, excludes partnerships; new criteria for export benefits.</h1> The amendment to Paragraph 9.28 of the Foreign Trade Policy, 2009-2014, redefines 'Group Company' to include Limited Liability Partnerships (LLPs) alongside Public and Private Limited Companies. It specifies that a Group Company can exercise at least 26% of voting rights or appoint over 50% of the board members in another enterprise. Partnership and proprietorship firms are excluded from this definition. To claim export benefits, a group company must have existed for at least two years before applying under any export promotion schemes.
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