What Is Form LLP(I)?
When an LLP receives foreign direct investment as capital contribution or acquisition of profit share, it must report the investment to the Reserve Bank of India in Form LLP(I) within 30 days of receiving the money.
The form is filed on the RBI’s FIRMS portal and checked by the LLP’s Authorised Dealer bank. FDI in LLPs is allowed under the automatic route only in sectors where 100% FDI is permitted under the automatic route without performance conditions.
Foreign investment reported on time
- FIRMS entity registration
- Valuation certificate arranged
- AD bank approval tracked
Who Files Form LLP(I)?
- LLPs receiving capital from foreign partners
- LLPs where a non-resident acquires a profit share
- Startups set up as LLPs with foreign founders
- Indian LLPs of foreign groups
Benefits
Avoid late fees
Timely filing avoids late submission fees and compounding.
Clean records
The investment is recorded with the RBI.
Smooth exits
Needed for future transfers and repatriation.
Bank confidence
Your AD bank’s requirements are met.
Documents Required
- FIRC and KYC of the foreign investor from the bank
- Valuation certificate as per FEMA pricing rules
- LLP agreement or supplementary agreement
- Declaration from the LLP
- Form 3 filed with the ROC for the change
Form LLP(I) Filing Process
Entity registration
We register the LLP on the FIRMS portal if not done.
Documents
FIRC, KYC and valuation certificate collected.
Filing
Form LLP(I) filed within 30 days of receipt.
AD bank review
We answer queries from the bank.
Approval
The form is approved and the acknowledgement saved.
Common Mistakes to Avoid
- Missing the 30 days – Late filing needs a late submission fee or compounding.
- Restricted sectors – FDI in LLPs is not allowed in every sector.
- No valuation – Pricing guidelines must be followed.
- MCA and RBI mismatch – Form 3 and the RBI form must match.
Related Filings
Form 3 and Form 4
Record the change in LLP agreement and partners.
Annual FLA return
File the Foreign Liabilities and Assets return each year.
Form LLP(II)
Report later transfers or disinvestment.
Annual filings
Form 8 and Form 11 on time.
Why Choose Vaidam Consultancy for Form LLP-I Filing
FEMA experts
We handle RBI FIRMS filings and the supporting documents.
Clear quote upfront
You receive our fee and all charges before we begin.
On-time reporting
Filed within the RBI time limit to avoid late submission fees.
Bank coordination
We work with your AD bank until the form is approved.
Frequently Asked Questions
Within 30 days of receiving the investment amount.
On the RBI’s FIRMS portal, reviewed by your AD Category-I bank.
Only LLPs in sectors where 100% FDI is allowed under the automatic route without performance conditions.
A late submission fee is payable, or the delay may need compounding.
Yes. The contribution must meet FEMA pricing guidelines.