The government has taken a cautious approach towards allowing FDI in the hitherto untried LLP format of business, mostly preferred by professionals and experts. The government has allowed FDI in Limited Liability Partnership (LLPs) in sectors where 100 per cent FDI is allowed under the automatic route. LLP a new business structure in India is a hybrid between Partnership Company and body corporate. The govt. wants to see how they (LLP’S) are bringing in the money (FDI) and how they are utilizing the funds.
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