Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Second Amendment) Regulations, 2017 - 385/2017-RB - Foreign Exchange Management
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FDI in LLPs permitted under automatic route with valuation, payment and reporting requirements for foreign investors. The notification permits FDI in LLPs by eligible non-resident persons or entities (excluding Pakistan/Bangladesh) via capital contribution or acquisition/transfer of profit shares under the automatic route in sectors allowing full foreign investment without FDI-linked conditions; investments must comply with the LLP Act. Pricing must meet a fair price determined by accepted valuation norms with an appropriate certificate; payments are by inward remittance or specified NRE/FCNR(B) accounts. Reporting and annual RBI return obligations apply.
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.
FDI in LLPs permitted under automatic route with valuation, payment and reporting requirements for foreign investors.
The notification permits FDI in LLPs by eligible non-resident persons or entities (excluding Pakistan/Bangladesh) via capital contribution or acquisition/transfer of profit shares under the automatic route in sectors allowing full foreign investment without FDI-linked conditions; investments must comply with the LLP Act. Pricing must meet a fair price determined by accepted valuation norms with an appropriate certificate; payments are by inward remittance or specified NRE/FCNR(B) accounts. Reporting and annual RBI return obligations apply.
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