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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