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July 2014

A. P. (DIR Series) Circular No. 131 dated 19th May, 2014Notification No. FEMA.299/2014-RB dated 24th March, 2014

By Gaurang Gandhi Chartered Accountant

Reading Time 1 mins

Overseas Direct Investments – Limited Liability Partnership (LL P) as Indian Party

This circular states that a Limited Liability Partnership (LLP), registered under the Limited Liability Partnership Act, 2008 (6 of 2009), has been notified as an “Indian Party” under Clause (k) of Regulation 2 of Notification No. FEMA.120/RB-2004 dated 7th July, 2004. As a result, with effect from 7th May, 2014, an LLP is permitted to undertake financial commitment to / on behalf of a JV / WOS abroad.

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July 2014

A. P. (DIR Series) Circular No. 131 dated 19th May, 2014Notification No. FEMA.299/2014-RB dated 24th March, 2014

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July 2014

A. P. (DIR Series) Circular No. 131 dated 19th May, 2014Notification No. FEMA.299/2014-RB dated 24th March, 2014

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Postal ballot, e-voting and meetings – Bombay High Court rules on the 2013 Act

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