Corporate Updates – 07-01-2016


MCA has notified the New version of eForm 3 LLP (Information with regard to limited liability partnership agreement and changes, if any, made therein)and Form 4 LLP (Notice of appointment, cessation, change in name/ address / designation of a designated partner or partner. and consent to become a partner / designated partner) is likely to be modified w.e.f 9th January, 2016 and the same will be available on MCA21 Portal. Only new version of the eForm will be acceptable. Stakeholders are requested to plan accordingly and ensure that you have downloaded the latest version for filing and uploading the latest version only. Form- wise date of last version change is available at on the website of MCA.


RBI has issued Master Direction on Compounding Direct Investment by Residents in Joint Venture (JV) / Wholly Owned Subsidiary (WOS) Abroad. Direct investments by residents in Joint Venture (JV) and Wholly Owned Subsidiary (WOS) abroad are being allowed, in terms of the provisions of Foreign Exchange Management Act, 1999, read with Foreign Exchange Management (Transfer or Issue of Any Foreign Security) Regulations, 2004. These Regulations are amended from time to time to incorporate the changes in the regulatory framework and published through amendment notifications. Instructions / circulars/ notifications issued on Direct Investment by Residents in Joint Venture (JV)/ Wholly Owned Subsidiary (WOS) Abroad have been compiled in this Master Direction. These directions lay down the modalities as to how the foreign exchange business has to be conducted by the Authorised Persons with their customers/ constituents with a view to implementing the regulations framed.

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