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of <h1>RBI Amends Foreign Exchange Regulations: FDI Allowed in LLPs with Conditions; Excludes Pakistan, Bangladesh Investors</h1> The Reserve Bank of India issued amendments to the Foreign Exchange Management Regulations, allowing foreign direct investment (FDI) in Limited Liability Partnerships (LLPs) under specific conditions. Foreign residents, excluding citizens or entities from Pakistan and Bangladesh, can invest in LLPs through capital contributions or profit share acquisitions. LLPs must operate in sectors allowing 100% FDI under the automatic route without performance conditions. Investments require government approval and must adhere to fair pricing norms. LLPs with FDI cannot make downstream investments, and specific reporting requirements apply. The amendments retroactively apply from May 20, 2011.
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