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Policy on foreign investment in the Pension Sector- addition of paragraph 6.2.17.9 of Consolidated FDI Policy Circular of 2014

Policy on foreign investment in the Pension Sector- addition of paragraph 6.2.17.9 of ‘Consolidated FDI Policy Circular of 2014’ - FEMA - Press Note No. 4 (2015 Series) - Dated:- 24-4-2015 - Government of India Ministry of Commerce & Industry Department of Industrial Policy & Promotion Press Note No. 4 (2015 Series) Subject: Policy on foreign investment in the Pension Sector- addition of paragraph 6.2.17.9 of Consolidated FDI Policy Circular of 2014 In pursuance of enactment of Insurance .....

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Pension Funds will be subject to the condition that entities bringing in foreign equity investment as per Section 24 of the PFRDA Act shall obtain necessary registration from the Pension Fund Regulatory and Development Authority and comply with other requirements as per the PFRDA Act, 2013 and Rules and Regulations framed under it for so participating in Pension Fund Management activities in India. (3) Wherever such foreign equity investment involves control or ownership by the foreign investor .....

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