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A 'Foreign LLP' under Section 2(1)(m) is one that is:
AOwned by foreign nationals
BFormed, incorporated or registered outside India and establishing a place of business within India
CRegistered in India but trading abroad
DA branch of an Indian company
Answer & Solution
Correct answer: B. Formed, incorporated or registered outside India and establishing a place of business within India
A Foreign LLP is formed/incorporated/registered outside India and establishes a place of business in India; it may also become a partner in an Indian LLP.
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