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Review of Foreign Direct Investment Policy (FDI) on Insurance Sector

FEMA - Press Note No. 1(2016 Series) - Dated:- 23-3-2016 - Government of India Ministry of Commerce & Industry Department of Industrial Policy & Promotion Press Note No. 1(2016 Series) Subject: . The Government of India has liberalized its Fo .....

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Insurance 6.2.18.7.1 (i) Insurance Company (ii) Insurance Brokers (iii)Third Party Administrators (iv) Surveyors and Loss Assessors (v) Other Insurance Intermediaries appointed under the provisions of Insurance Regulatory and Development Authority A .....

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forty-nine percent of the paid up equity capital of such Indian insurance company (b) 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 subje .....

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n necessary license from the Insurance Regulatory & Development Authority of India for undertaking insurance activities. (d) An Indian insurance company shall ensure that its ownership and control remains at all times in the hands of resident Ind .....

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on 5 of FEMA Regulations, 2000 and provisions of the Securities and Exchange Board of India (Foreign Portfolio Investors) Regulations. (f) Any increase of foreign investment of an Indian insurance company shall be in accordance with the pricing guide .....

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ermediaries appointed under the provisions of the Insurance Regulatory and Development Authority Act,1999 (41 of 1999): (h) Provided that where an entity like a bank, whose primary business is outside the insurance area, is allowed by the Insurance R .....

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