10 January 2011
In case of Formation of LLP: 2 proposed Designated Partners are Indian and 2 are NRI.
I have following queries:- 1) DPIN Application procedure for NRI is same as DIN Application of NRI?
2) There will be Contribution from NRI in proposed LLP then what will be the RBI Formalities to be followed? Is Form FC-GPR will applicable in LLP case as like Company?
09 March 2011
There is no clarity on the NRI or Foreign Investor investing in LLP in India. Till the Govt. or RBI comes with some clarification it is my sincere advice to postpone the formation of LLP or use the Company vehicle to start the venture in India.
CAclubindia
