FDI in LLPs
FDI policy on Limited
Liability Partnerships (LLP) has been amended to provide that investments in
LLPs will not require Government approval. 100% FDI is now permitted under the
automatic route in LLPs operating in sectors/activities where 100% FDI is
allowed, through the automatic route and there are no FDI-linked performance
conditions. Further, the terms ‘ownership' and ‘control’ with reference to LLPs
have also been defined.
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