The Central Government has allowed the Foreign Direct Investment (FDI) in Limited Liability Partnerships though it would be in a calibrated manner with specific condition. As per the new guidelines, FDI in LLPs will be permitted only in the sectors where 100 percent FDI is allowed through automatic route and will not be allowed in agricultural and plantation industries. These new rules will apply after the new consolidated FDI policy is announced.
Read the legal news in detail: http://www.indlawnews.com/Newsdisplay.aspx?443eeeb1-92d9-432f-92ee-9ff79918cf21