Supreme Court: Borrowers Retain Redemption Rights if Balance is Paid After Auction Deadline || Supreme Court: Non-Confirmation of Seizure under Section 37A Impacts Adjudication Proceedings || SC: Blacklisting After Contract Termination is Not Automatic and Needs Independent Review || Grand Venice Fraud Case: Supreme Court Cancels Bail of Satinder Singh Bhasin || SC: Senior Employee Cannot Claim Same Lesser Penalty As Subordinate; Bank Manager's Dismissal Upheld || Madras HC: Governor Must Follow Cabinet's Advice on Remission Decisions, Regardless of Personal View || Kerala High Court: Entrepreneurs Must Be Protected From Baseless Protests to Boost Industrial Growth || J&K&L High Court: Second FIR Valid if it Reveals a Broader Conspiracy; 'Test of Sameness' is Key || Supreme Court: Expecting a Minor to Respond to a Public Court Notice is ‘Perverse’ || SC: Order 23 Rule 1 CPC Applies to S. 11 Arbitration Act, Barring Fresh Arbiration After Abandonment

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 :