Bombay HC: Courts Cannot Mandate Mediation under Mediation Act 2023 Without Mutual Consent || Kerala HC: Embassy NOC Not Required For Indian-Foreigner Marriage under Special Marriage Act || MP High Court: Penalty May Stand if Misconduct is Proven, Even if Inquiry is Vitiated || Bombay High Court: Lilavati Trust FIR Against HDFC Bank CEO Driven by Personal Vendetta || Supreme Court: Register Entry Not Required To Pursue Oppression/Mismanagement Claims || Supreme Court: Lifting Corporate Veil May Include Group Assets in Holding Company’s CIRP || Allahabad HC: MPs, Judges and Ministers May Use ‘Hon’ble’; Civil Servants are Not Entitled to it || Calcutta HC: Salary Withholding and Harassment Claims are Not Defamation Without Reputational Harm || Gauhati HC: Officer Resigning Without New Govt Appointment Cannot Claim Pension under Assam Service || MP HC: Attachment & Auction are Quasi-Judicial Duties of Tehsildar; Action Invalid Without Mala Fide

Review of Foreign Direct Investment policy in Insurance sector- (Ministry of Commerce and Industry) (23 Mar 2016)

MANU/INDP/0006/2016

Insurance

The Central Governments issued amendments to its ‘Consolidated FDI Policy Circular 2015’ to liberalise foreign direct investment in the insurance sector. Insurance companies, brokers, third party administrators, surveyors and loss assessors and other insurance intermediaries can now invite up to 49 per cent FDI in their equity. Foreign investment will be allowed by the automatic route, subject to verification by the IRDA.

Relevant : Indian Insurance Companies (Foreign Investment) Rules, 2015 MANU/FNSV/0003/2015

Tags : INSURANCE FOREIGN DIRECT INVESTMENT LIBERALISE

Share :