The Securities and Exchange Board of India has allowed limited liability partnerships to get registered as stockbrokers. In a circular issued on Monday Sebi said LLPs or partnerships in
Market regulator the Securities and Exchange Board of India (Sebi) today said Limited Liability Partnerships (LLPs), a hybrid between a partnership firm and company, could get membership of stock exchanges.
Ruia-led conglomerate Essar Group is in favour of allowing foreign direct investment in limited liability partnerships (LLP) as it will help attract overseas funds in capital intensive sectors.
Foreign direct investment in new form of business, limited liability partnerships (LLPs), could be allowed without a cap, a highly placed source said.
"The officials have reached a consensus for
Inter-ministerial consensus seems to be emerging on allowing FDI in LLPs - a new form of business structure- in sectors where 100 per cent overseas investment is permitted through automatic
Large business entities willing to convert into Limited Liability Partnerships (LLPs) will have to wait for some more time with the government saying that it would consider raising the limit
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