https://www.taxtmi.com/circulars?id=8808 FDI in LLPs is permitted only in sectors allowing full foreign investment through the automatic route without FDI-linked performance conditions; LLPs with FDI cannot engage in agricultural/plantation activity, print media or real estate, nor make downstream investments. Foreign capital must be received by inward remittance or by debit to permitted foreign currency accounts via authorized banks. FIIs, FVCIs and ECBs are not permitted. Designated partners must satisfy residency requirements under foreign exchange law, corporate designated partners must be Companies Act-registered companies, conversion of FDI companies to LLPs needs prior government approval, and designated partners are liable for compliance and penalties. en-us Wed, 11 May 2011 00:00:00 +0530 Fri, 27 May 2011 15:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=8808 FDI in LLPs is permitted only in sectors allowing full foreign investment through the automatic route without FDI-linked performance conditions; LLPs with FDI cannot engage in agricultural/plantation activity, print media or real estate, nor make downstream investments. Foreign capital must be received by inward remittance or by debit to permitted foreign currency accounts via authorized banks. FIIs, FVCIs and ECBs are not permitted. Designated partners must satisfy residency requirements under foreign exchange law, corporate designated partners must be Companies Act-registered companies, conversion of FDI companies to LLPs needs prior government approval, and designated partners are liable for compliance and penalties. Circulars LLP Wed, 11 May 2011 00:00:00 +0530 https://www.taxtmi.com/circulars?id=8808