Is it possible for a Non Resident to become a designated partner in a LLP. (Assuming he brings in FDI and has an NRO account.).Is this possible without prior approval from FIPB?
Menu
Non resident becoming a designated parter and bringing in fd
Replies (1)
Dear Rohit,
According to me there should not be any problem. If the money is coming from NRO account, that means money is not coming from outside and since it is an NRO account of repatriation of funds wont be possible.
this should not classify as FDI (which other wise requires FIPB approval under the extant regulation)
Views of other learned members are awaited.
Regards,
Kiran
Recent Topics :
- Practical queries on buy back of shares
- Any faculty recommendations for latest batch recor
- FAI & FAST-DS 2026 query
- Is GST registration mandatory in this case
- Buying a residential flat in Goa: should my wife b
- Income tax filling
- Applicability of RCM in the case of import of serv
- Confusion in gst registration for service category
- Itc claimed from return defaulters
- Gst input credit
Related Topics :
CAclubindia
