CONSOLIDATION FOREIGN DIRECT INVESTMENT POLICY, 2017
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https://doi.org/10.55662/Abstract
Limited Liability Partnership means, “a partnership formed and registered under Limited Liability Partnership Act, 2008”, which means unlike partnership business the liability of the partners in a Limited Liability Partnership (LLP) will be limited to the extend of investment made by the partners of the LLP. As we know, for the purpose of economy growth, trade, employment and technology transfer etc, India has open doors to Foreign Direct Investment (FDI). In 1991, after the economic crisis FDI was introduced under Foreign Exchange Management Act (FEMA). Hence, FDI means, “purchase by a person resident outside India of equity/preference/convertible preference shares and convertible debentures issued by an Indian company.”
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