Llp
This query is : Resolved
Meghana Hegde
(Querist)
18 February 2016
If a non resident wants to be a partner and wants to contribute capital in an LLP. Does he need to get any approval from any authority or the normal procedure applicable to a resident only applies to him as well?
Guest
Guest
(Expert)
19 February 2016
If the business by LLP is under automatic route, then no approval is required. If it is under approval list, prior RBI approval is required. So it all depends on nature of the business of LLP
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