Taxand India Limited Liability Partnerships Seminar
This workshop, hosted by Taxand India, revealed key insights into the framework of LLPs in India, key issues, and recent announcements and case studies using LLP structures to benefit multinationals.
Since its inception, the Limited Liability Partnership (LLP) concept has attracted keen interest from several Indian groups who have either set up new LLPs or converted existing companies into LLPs. Foreign investment in LLPs has until recently been restricted. However, a shift has occurred; the Cabinet Committee on Economic Affairs issued a press release approving a proposal to amend the exchange control regulations to permit Foreign Direct Investment in LLPs. LLPs present a powerful opportunity to structure businesses in India.