https://www.taxtmi.com/circulars?id=8746 FDI in LLPs is permitted only for LLPs operating in sectors where 100 per cent FDI is allowed via the automatic route and without FDI-linked performance conditions, and such FDI must be through the Government approval route. LLPs with FDI are prohibited from agricultural/plantation activity, print media and real estate, cannot make downstream investments, and may not receive investment from FIIs or FVCIs or access ECBs. Foreign participation must be by cash inward remittance or debit to permitted foreign currency accounts; designated partners must satisfy residency definitions and bear compliance responsibility. Conversion of a company with FDI into an LLP requires prior approval and compliance. en-us Fri, 20 May 2011 00:00:00 +0530 Fri, 27 May 2011 15:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=8746 FDI in LLPs is permitted only for LLPs operating in sectors where 100 per cent FDI is allowed via the automatic route and without FDI-linked performance conditions, and such FDI must be through the Government approval route. LLPs with FDI are prohibited from agricultural/plantation activity, print media and real estate, cannot make downstream investments, and may not receive investment from FIIs or FVCIs or access ECBs. Foreign participation must be by cash inward remittance or debit to permitted foreign currency accounts; designated partners must satisfy residency definitions and bear compliance responsibility. Conversion of a company with FDI into an LLP requires prior approval and compliance. Circulars LLP Fri, 20 May 2011 00:00:00 +0530 https://www.taxtmi.com/circulars?id=8746