NCLAT Sets Aside Insolvency, Imposes ?10L Costs Following Recusal over Attempt to Influence Member || J&K&L HC: Sec 195 CrPC Bars Cognizance Without Public Servant's Complaint, Not FIR or Investigation || Allahabad HC: Preliminary Issues Barred if Raised 18 Years After Issues Were Framed in a Suit || Guj HC: No Prior Hearing Needed to Dismiss Cop After Corruption Conviction under Article 311(2)(A) || Madras HC: Senior Citizens Act Applies Only To Post-2007 Property Transfers, Not Retrospective || Supreme Court: Private Insurer Not Liable For Accident by Vehicle under State Requisition || SC: Reserved Candidates Can Claim General Seats on Merit with Relaxation if Rules Allow || SC: No Vested Right to Appointment For Next Candidate if Selected One Doesn't Join || Supreme Court Restores Arbitral Award, Rules State Cannot Be Judge in its Own Dispute Case || Delhi HC: Girl Being Friendly on Valentine’s Day Does Not Justify Forced Sexual Activity under POCSO

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 :