Delhi HC: Writ Petition Not Maintainable Against Provisional Attachment When PMLA Remedy Exists || Rajasthan HC: Magistrate Can’t Order Secured Creditor to Pay Police Expenses For Asset Possession || Orissa HC: Court Can’t Permit Intervenors Without Reason or Compel Plaintiff to Join Unrelated Party || Delhi HC: Section 498A IPC Applies Even if Marriage is Later Declared Invalid || AP HC: State Can’t Cite Financial Constraints to Withhold Gratuity, Denying Retirees Violates Art 21 || Madras HC: Marriage Does Not Grant Men Absolute Authority, Woman’s Endurance is Not Consent || Delhi HC: Ordinary Marital Friction or Taunts Do Not Constitute Cruelty under Law || Punjab & Haryana HC: Family Property Disputes Cannot Be Resolved under Maintenance of Parents Act || Delhi HC: Bribe Profits Invested in Shares Are Proceeds of Crime and Attachable under PMLA || Delhi HC: 'No Coercive Steps' Does Not Mean Stay or Suspension of Investigation

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 :