https://www.taxtmi.com/circulars?id=8745 Permits Foreign Direct Investment in LLPs only where the LLP operates in sectors allowing 100% FDI under the automatic route without FDI-linked performance conditions, via the Government approval route. LLPs with FDI cannot engage in agricultural/plantation activities, print media or real estate, nor make downstream investments. Foreign institutional and venture capital investors are barred and LLPs cannot access external commercial borrowings. Foreign capital must be by cash inward remittance or debit to specified foreign currency accounts. Designated partners bear compliance obligations and liability; corporate designated partners must be Indian companies. Conversion of a company with FDI into an LLP requires prior government approval. en-us Fri, 20 May 2011 00:00:00 +0530 Thu, 26 May 2011 12:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=8745 Permits Foreign Direct Investment in LLPs only where the LLP operates in sectors allowing 100% FDI under the automatic route without FDI-linked performance conditions, via the Government approval route. LLPs with FDI cannot engage in agricultural/plantation activities, print media or real estate, nor make downstream investments. Foreign institutional and venture capital investors are barred and LLPs cannot access external commercial borrowings. Foreign capital must be by cash inward remittance or debit to specified foreign currency accounts. Designated partners bear compliance obligations and liability; corporate designated partners must be Indian companies. Conversion of a company with FDI into an LLP requires prior government approval. Circulars FEMA Fri, 20 May 2011 00:00:00 +0530 https://www.taxtmi.com/circulars?id=8745