FEMA
This query is : Resolved
Devpura Nikunj
(Querist)
17 June 2011
Whether LLP can invest outside India ?
bhupender soni
(Expert)
20 June 2011
Yes under FEMA ACT for out side Indian territory investment make some limitation (certain amt). If any organization want to invest outside India ,under the limitation its immaterial whether incorporated or not ,no need of any kind of permission . but Intimation must be given to ROC and RBI
AND if exceed the limitation then principle permission must be obtain from RBI
No Indian organization and AOP, LLP, HUF and individual allow to invest in Pakistan and Bangladesh
AND if exceed the limitation then principle permission must be obtain from RBI
No Indian organization and AOP, LLP, HUF and individual allow to invest in Pakistan and Bangladesh
Devpura Nikunj
(Querist)
21 June 2011
Thanks for such reply.
But can u please provide me the relevent provision of the FEMA which provide permission to invest outside India to LLP.
But can u please provide me the relevent provision of the FEMA which provide permission to invest outside India to LLP.
Dhirajlal Rambhia
(Expert)
13 July 2023
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