The SEBI through informal guidance has clarified that the LLP and its partners are distinct persons. Therefore, LLP should meet the minimum net worth criteria of INR 10 crore even if its partners qualifies as an angel investors in their individual capacity.
from taxmann.com News https://www.taxmann.com/topstories/222330000000020921/llp-must-meet-minimum-net-worth-criteria-for-becoming-an-“angel-investor-sebi-clarifies.aspx
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