Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Third Amendment) Regulations, 2014 - 298/2014-RB - Foreign Exchange Management
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Foreign investment in LLPs requires prior government approval, fair valuation, specified payment modes and RBI reporting within set timelines. FDI into LLPs is permitted subject to prior Government/FIPB approval, eligibility limited to sectors allowing 100% automatic FDI without performance conditions, exclusion of investors from Pakistan/Bangladesh and certain SEBI-registered categories, pricing at or above a fair price certified by an approved valuer, payment by inward remittance or NRE/FCNR(B) accounts, mandatory RBI reporting through prescribed forms within 30/60 days with FIRCs, KYC and valuation certificates, restrictions on downstream investment and ECBs, and designated partners' compliance obligations.
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 investment in LLPs requires prior government approval, fair valuation, specified payment modes and RBI reporting within set timelines.
FDI into LLPs is permitted subject to prior Government/FIPB approval, eligibility limited to sectors allowing 100% automatic FDI without performance conditions, exclusion of investors from Pakistan/Bangladesh and certain SEBI-registered categories, pricing at or above a fair price certified by an approved valuer, payment by inward remittance or NRE/FCNR(B) accounts, mandatory RBI reporting through prescribed forms within 30/60 days with FIRCs, KYC and valuation certificates, restrictions on downstream investment and ECBs, and designated partners' compliance obligations.
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