Thursday, June 30, 2016

NOW 100% FDI in Limited Liability Partnerships (LLPs) IS ALLOWED UNDER AUTOMATIC ROUTE From June 7 2016 onwards



NOW 100% FDI in Limited Liability Partnerships (LLPs) IS ALLOWED UNDER AUTOMATIC ROUTE From June 7 2016 onwards


As per Consolidated FDI Policy issued by the Department of Industrial Policy and Promotion with effect (Effective from June 07, 2016)


FDI in LLPs is permitted subject to the following conditions:

(i) FDI is permitted under the automatic route in Limited Liability Partnership (LLPs) operating in sectors/activities where 100% FDI is allowed, through the automatic route and there are no FDI-linked performance conditions

(ii) An Indian company or an LLP, having foreign investment, is also permitted to make downstream investment in another company or LLP in sectors in which 100% FDI is allowed under the automatic route and there are no FDI-linked performance conditions. 

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