https://www.taxtmi.com/circulars?id=52773 Foreign direct investment in LLPs is allowed only in LLPs formed under the LLP Act and limited to sectors permitting 100% automatic FDI without performance conditions. All foreign investment requires prior Government/FIPB approval. Eligible investment is capital contribution (profit share treated as reinvestment). Pricing must meet fair price valuation certified by an approved valuer or prescribed accountant. Payments must be by inward remittance or debit to specified non resident accounts via AD Category I banks. LLPs must report transactions to the Reserve Bank through AD Category I banks with supporting FIRCs, valuation and KYC documentation to obtain a Unique Identification Number. en-us Wed, 16 Apr 2014 00:00:00 +0530 Thu, 17 Apr 2014 18:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=52773 Foreign direct investment in LLPs is allowed only in LLPs formed under the LLP Act and limited to sectors permitting 100% automatic FDI without performance conditions. All foreign investment requires prior Government/FIPB approval. Eligible investment is capital contribution (profit share treated as reinvestment). Pricing must meet fair price valuation certified by an approved valuer or prescribed accountant. Payments must be by inward remittance or debit to specified non resident accounts via AD Category I banks. LLPs must report transactions to the Reserve Bank through AD Category I banks with supporting FIRCs, valuation and KYC documentation to obtain a Unique Identification Number. Circulars FEMA Wed, 16 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/circulars?id=52773