Reserve Bank of India to tabulate FDI data in limited liability partnerships

MUMBAI: To tabulate data related to FDI by limited liability partnerships, the Reserve Bank has asked these entities to submit report over their foreign liabilities and assets by June 15 of every year.

All Limitied Liability Partnership (LLPs) in India that have received FDI or made FDI abroad in previous year as well as the current year will have to submit Foreign Liabilities and Assets (FLA Return) by July 15 every year, the RBI said in a notification today.

The direction has come with a view to capturing "the statistics relating to FDI both inward and outward, by Limited Liabilities Partnerships (LLPs) in India", it said.

The LLP Act, 2008, was notified by the government in 2009 and thousands of LLPs have been registered in the country.