LLP must meet minimum net worth criteria for becoming an “Angel Investor": SEBI clarifies

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