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Investment in proprietary concern/ Partnership firm/ LLP
To increase the funding of firm/ proprietary concern in India, RBI has liberalized the regulation for investment in capital of firm/ proprietary concern by person resident outside India.
The regulation also gives permission to a firm or a proprietary concern to make payment to a NRI or a PIO who has made investment.
Further, a firm or a proprietary concern in India may make payment to or for the credit of a NRI or a PIO the sum invested by such person in that firm or the proprietary concern or the income accruing to such person by way of profit on such investment.
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