https://www.taxtmi.com/news?id=1864 FDI in LLPs is permitted only where the LLP operates in sectors allowing full foreign investment on the automatic route without FDI-linked performance conditions, and admission is via the Government approval route. Excluded activities include agriculture/plantation, print media and real estate. Foreign capital must be by cash inward remittance or debit to specified non-resident accounts; FIIs and FVCIs cannot invest and LLPs with FDI cannot take ECBs or make downstream investments. Designated partners must be resident as defined under foreign exchange law, corporate designated partners must be Indian companies, and designated partners bear compliance responsibility and penalty liability. Conversion of a company with FDI to an LLP requires prior approval. en-us Tue, 24 May 2011 17:44:33 +0530 Tue, 24 May 2011 17:44:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=1864 FDI in LLPs is permitted only where the LLP operates in sectors allowing full foreign investment on the automatic route without FDI-linked performance conditions, and admission is via the Government approval route. Excluded activities include agriculture/plantation, print media and real estate. Foreign capital must be by cash inward remittance or debit to specified non-resident accounts; FIIs and FVCIs cannot invest and LLPs with FDI cannot take ECBs or make downstream investments. Designated partners must be resident as defined under foreign exchange law, corporate designated partners must be Indian companies, and designated partners bear compliance responsibility and penalty liability. Conversion of a company with FDI to an LLP requires prior approval. News - Tue, 24 May 2011 17:44:33 +0530 https://www.taxtmi.com/news?id=1864