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Govt. allows 49 FDI in insurance companies via automatic route

FEMA - Foreign Exchange Management - By: - rajagopal S - Dated:- 23-3-2016 - Government of India vide its Notification Number GSR 314(E) [F.NO.12018/1/2006-INS.IV], DATED 16-3-2016 . By this said Notification, The Foreign Investment proposals up to forty-nine per cent of the total paid up equity of the Indian Insurance Company shall be allowed on the automatic route subject to verification by the Insurance Regulatory and Development Authority of India. The notification is as follows: INDIAN INSU .....

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