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?

CA. Anuj Gupta

CA. Anuj Gupta (Expert)
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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
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