Review of Foreign Direct Investment (FDI) policy on Pension Sector

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..... eign Direct Investment (FDI) policy on Pension sector. Accordingly, Paragraph 6.2.18.7 his. of `Consolidated FDI Policy Circular 2015', effective from 12.5.2015, is amended to read as below: S. No. Sector/Activity % of Equity/ FDI Cap Entry Route 6.2.18.7 bis. Pension Sector 49% Automatic 6.2.18.7.1 Other Conditions (i) Foreign investment in the Pension Funds is allowed as per the P .....

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..... ding through transfer of shares and or fresh issue of shares to Non-Resident entities through acquisition, amalgamation, merger etc., it would require Government approval in consultation with the Department of Financial Services, PFRDA and other entities concerned and the onus of compliance to these conditions will be on investee Indian pension fund company. The meaning of ownership and control wo .....

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