Approval for FDI in Limited Liability Partnership firms

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....ted in a calibrated manner, beginning with the 'open' sectors where monitoring is not required, subject to the following conditions : (a) LLPs with FDI will be allowed, through the Government approval route, in those sectors/activities where 100% FDI is allowed, through the automatic route and there are no FDI-linked performance related conditions. (b) LLPs with FDI will not be allowed to operat....

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....tained with an authorized dealer/authorized bank; and (c) Foreign Institutional Investors (FIIs) and Foreign Venture Capital Investors (FVCIs) will not be permitted to invest in LLPs. LLPs will also not be permitted to avail External Commercial Borrowings (ECBs.) II. Ownership and management of LLPs : (a) For the purpose of determination of the designated partners in respect of LLPs with FDI, t....