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

FEMA - Press Note No. 2(2016 Series) - Dated:- 23-3-2016 - Government of India Ministry of Commerce & Industry Department of Industrial Policy & Promotion Press Note No. 2(2016 Series) Subject: . The Government of India has liberalized its Foreign 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 .....

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ations framed under it for so participating in Pension Fund Management activities in India. (iii) Wherever such foreign equity investment involves control or ownership by the foreign investor or, transfer of control or ownership of an existing pension fund from resident Indian citizens and/ or Indian companies owned and controlled by resident Indian citizens to such foreign investing entities as a consequence of the investment, including through transfer of shares and or fresh issue of shares to .....

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