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Kindly give advice on below from the perspective of downstream investments. Any special procedure to be followed by JV Company. Can an Indian JV company (50% UK : 50% Indian) enter into partnership business in the form of partnership firm in same field with some Indian partners? Can an Indian JV company (50% UK : 50% Indian) enter into partnership in a LLP in same field with some Indian partner?

RBI

Posted By: Akhand 9 year(s) ago

This question has been closed if you want to answer,you have to re-open.

Expert Ankit Singhi

Company can enter into partnership in a LLP after getting FIBP approval subject to such conditions as prescribed under Foreign Exchange Management Act and regulations or guidelines issued thereunder.

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