TMI BlogInvestment in a Limited Liability Partnership (LLP)X X X X Extracts X X X X X X X X Extracts X X X X ..... a (other than a citizen of Pakistan or Bangladesh) or an entity incorporated outside India (other than an entity incorporated in Pakistan or Bangladesh), not being a Foreign Portfolio Investor (FPI) or a Foreign Venture Capital Investor (FVCI), may contribute to the capital of an LLP operating in sectors/ activities where foreign investment up to 100 percent is permitted under automatic route and ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... LP either by way of capital contribution or by way of acquisition/ transfer of profit shares, should not be less than the fair price worked out as per any valuation norm which is internationally accepted/ adopted as per market practice (hereinafter referred to as fair price of capital contribution/ profit share of an LLP ) and a valuation certificate to that effect shall be issued by the Chartere ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nnels or out of funds held in NRE or FCNR(B) account maintained in accordance with the Foreign Exchange Management (Deposit) Regulations, 2016. 3. Remittance of disinvestment proceeds The disinvestment proceeds may be remitted outside India or may be credited to NRE or FCNR(B) account of the person concerned. - - statute, statutory provisions legislation, law, enactment, Acts, Rules, R ..... X X X X Extracts X X X X X X X X Extracts X X X X
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