Has anyone filed form 4 and 3 LLP as linked forms in MCA V3.
How do we link the forms.
As per the Foreign Exchange Management Act, 1999 (FEMA) read with Foreign Exchange Management (Transfer or Issue of a Security by a Person resident Outside India) Regulations, 2017 issued vide Notification No. FEMA 20(R)/2017-RB dated November 7, 2017 and Master Direction on FDI (updated upto 08 March 2019), for downstream investment by the Company there is no applicability of FDI Linked performance condition clause. For downstream investment by LLP the sector should fall under 100% automatic route and there shall be no FDI Linked Performance conditions.
However under FDI Policy (Effective from 15.10.2020) Clause 3.2.4 (Eligible Investee Entities - LLP) it is stated that:
"An Indian company or an LLP, having foreign investment, is also permitted to make downstream investment in another company or LLP in sectors in which 100% FDI is allowed under the automatic route and there are no FDI-linked performance conditions."
So the question is whether the Company can make downstream investment irrespective of the applicability of FDI Linked Performance conditions or not?
Link for participation (For both days) - https://icsi-cisco.webex.com/icsi-cisco/j.php?MTID=mc3bfad6b2f796201a62be794c7330536
(Meeting ID – 176 652 1579 ; Password – 2345)
Can anyone please confirm whether Weblink of annual return has to be provided in the boards report or not, if the private company having website doing actively online business, even if i am attaching MGT-9 with the boards report.
Compliance Calendar LLP is Recognised as Startup by DIPP Under Ministry of Commerce & Industry, Government of India