Approval for FDI in Limited Liability Partnership firms

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..... s will be implemented in a calibrated manner, beginning with the open sectors where monitoring is not required, subject to the following conditions : (a) LLPs with FDI will be allowed, through the Government approval route, in those sectors/activities where 100% FDI is allowed, through the automatic route and there are no FDI-linked performance related conditions. (b) LLPs with FDI will no .....

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..... t of the person concerned, maintained with an authorized dealer/authorized bank; and (c) Foreign Institutional Investors (FIIs) and Foreign Venture Capital Investors (FVCIs) will not be permitted to invest in LLPs. LLPs will also not be permitted to avail External Commercial Borrowings (ECBs.) II. Ownership and management of LLPs : (a) For the purpose of determination of the designate .....

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..... firm or a proprietary concern, subject to certain conditions. FDI in a trust is also allowed with prior Government approval, provided it is a Venture Capital Fund (VCF). The CCEA s approval will benefit the Indian economy by attracting greater FDI, creating employment and bringing in international best practices and latest technologies in the country. The Limited Liability Partnership Act, 200 .....

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