https://www.taxtmi.com/news?id=1835 FDI in LLPs is permitted in sectors allowing full automatic FDI without performance conditions, via Government approval, excluding agriculture, print media and real estate, and prohibiting downstream investments. Foreign capital must be remitted in cash through authorized banking channels or debited to permitted nonresident accounts; FII/FVCI investments and ECBs are disallowed. Indian companies with FDI may invest in LLPs only where both operate in fully open automatic sectors. Body corporate designated partners must be companies under the Companies Act. Conversion of a company with FDI into an LLP requires prior government approval, and designated partners are liable for compliance and penalties. en-us Wed, 11 May 2011 18:46:51 +0530 Wed, 11 May 2011 18:46:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=1835 FDI in LLPs is permitted in sectors allowing full automatic FDI without performance conditions, via Government approval, excluding agriculture, print media and real estate, and prohibiting downstream investments. Foreign capital must be remitted in cash through authorized banking channels or debited to permitted nonresident accounts; FII/FVCI investments and ECBs are disallowed. Indian companies with FDI may invest in LLPs only where both operate in fully open automatic sectors. Body corporate designated partners must be companies under the Companies Act. Conversion of a company with FDI into an LLP requires prior government approval, and designated partners are liable for compliance and penalties. News - Wed, 11 May 2011 18:46:51 +0530 https://www.taxtmi.com/news?id=1835