Monday, November 15, 2010

FINMIN, RESERVE BANK OPPOSE ECB FOR LLPs

LIMITED Liability Partnerships in the country may not have access to cheap overseas funds,
which could discourage big firms from switching to this form of business that combines the features
of companies and partnerships. The finance ministry and the Reserve Bank of India (RBI) have
opposed changes in the external commercial borrowings (ECB) policy to allow overseas
borrowings by LLPs.

0 comments:

Post a comment