Kerala High Court: ED Can Investigate Without FIR in Scheduled Offence Cases (CMRL Matter) || Delhi High Court Upholds TRAI Rule Capping TV Advertisements at 12 Minutes Per Hour || Supreme Court Directs High Courts to Deliver Judgments in 3 Months and Bail Orders in One Day || Supreme Court: Successful Resolution Applicant Cannot Negotiate Further After CoC Approval || Supreme Court: Succession Law Applies, Not Primogeniture, to Ex-Royal’s Private Estate Inheritance || Supreme Court: Writ Jurisdiction Cannot Challenge Arbitrator’s Section 16 Decision || Supreme Court: Sanyasi Status Cannot Be Ground to Reject Land Compensation Claim || Supreme Court: Section 33(1)(a) of Arbitration Act Cannot Alter Nature of Interest in Award || Supreme Court: Society Office Bearers Not Liable for Cheque Dishonour Without Active Business Role || Supreme Court: Asking a Woman to Adjust in Marriage Does Not Amount to Cruelty By In-Laws

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 :