We are in the process of forming an LLP. We are 4 people, 2 resident in India and 2 in USA (Indian Citizens). We all have our DSC and applied for our respective DPIN.
The two members resident in India got their DPIN without any problem. But for the two of us who applied from USA, the DPIN status says "Held in abeyance" and the explanation given is "Since applicant is NRI, As per instruction of RBI, NRI cannot obtain DPIN or invest in INDIA in LLP till the time FDI norms are prescribed by Govt."
The llp site (llp.gov.in) and the form-7 mentions that anyone (including foreign nationals which we are not) can receive a DPIN. I haven't called the LLP helpline yet clarify it, but thought would ask the experts/experienced members of CAClubindia for their gudance.
Any information will be appreciated.
CAclubindia
