FEMA Form (I) for LLP capital contribution reported within 30 days.

Form LLP-I is the FEMA reporting form filed by an Indian Limited Liability Partnership to the Reserve Bank of India when it receives capital contribution or acquisition of profit share from a person resident outside India. The form is filed on the FIRMS portal under the Single Master Form framework, on the same platform as Form FC-GPR for companies, but with its own structure and supporting documents. The reporting timeline is strict — within 30 days from the date of receipt of capital contribution into the LLP's bank account.

Foreign direct investment in LLPs is permitted under the automatic route in those sectors where 100% FDI is allowed without performance-linked conditions. The contribution is valued under FEMA pricing guidelines based on a fair value certificate issued by a Chartered Accountant or a practising Cost Accountant or an approved valuer. Common scenarios that trigger Form LLP-I include foreign individuals or entities subscribing to a fresh contribution in an Indian LLP, an existing partner increasing its contribution, and overseas-funded sponsors of fund management or services LLPs receiving capital from non-resident investors.

Our Form LLP-I practice covers the complete reporting cycle — confirmation that the sector and structure are FDI-eligible for an LLP, valuation report under FEMA pricing rules, drafting of the LLP agreement and supplementary deed where required, collation of FIRC and KYC of the remitter, registration on the FIRMS portal, Entity Master updation, filing of Form LLP-I under SMF, response to AD bank queries, and acknowledgement archival. Where past contributions have not been reported, we manage Late Submission Fee filings and compounding applications before RBI.