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of <h1>RBI Amends Foreign Exchange Management Regulations, Requires LLPs with FDI to Submit Annual Return by July 15</h1> The Reserve Bank of India has issued the Seventh Amendment to the Foreign Exchange Management Regulations concerning the transfer or issue of security by persons resident outside India. Effective from its publication date, this amendment modifies the 2000 regulations, specifically Schedule 9. It mandates that all Limited Liability Partnerships (LLPs) receiving Foreign Direct Investment (FDI) in the current or previous years must submit an 'Annual Return on Foreign Liabilities and Assets' to the Reserve Bank by July 15 each year. This requirement aims to enhance transparency and compliance in reporting foreign investments.
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