Filing of LLP-I
A Limited Liability Partnership (LLP) receiving amount of consideration for capital contribution and acquisition of profit shares shall submit Form LLP (I) to the Regional Office of the Reserve Bank under whose jurisdiction the Registered Office of the Limited Liability Partnership is situated, within 30 days from the date of receipt of the amount of consideration
Time Limit for Filing
The form LLP (I) shall be filed with the authorized dealer bank within 30 days from the date of receipt of the amount of consideration.
What are the penalties for non-compliance?
Please refer “Master Direction- Compounding of Contraventions under FEMA, 1999” as amended from time to time