fdi norms
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 November 2010
respected sir,
our one of the client which is LLP having one partner is NRI but as per LLP registrar there are some restriction by RBI for Foreign Direct Investment. due to that they do not allow that partner to be designated partner. so please suggest what are the FDI norms for the LLP and its partners for Investment in India. and suggest what care should take for smooth running of business by LLP with NRI partners?
our one of the client which is LLP having one partner is NRI but as per LLP registrar there are some restriction by RBI for Foreign Direct Investment. due to that they do not allow that partner to be designated partner. so please suggest what are the FDI norms for the LLP and its partners for Investment in India. and suggest what care should take for smooth running of business by LLP with NRI partners?
CA. Anuj Gupta
(Expert)
10 March 2011
At present FDI is not permitted in LLP. If you wish to do business in India then you will need to choose the Company route.
Anuj
9810106211
Anuj
9810106211
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