The Department of Industrial Policy and Promotion has released the Consolidated FDI Policy of 2015, which came into effect on 12 May. Key changes are outlined below.
Insurance: The sectoral cap for the insurance sector has been raised to 49% through the government approval route. Up to 26% FDI is permitted under the automatic route. Insurance intermediaries appointed under the provisions of the Insurance Regulatory and Development Authority Act, 1999, have also been permitted to bring in FDI. An Indian insurance company must ensure that its ownership and control remains, at all times, with a resident Indian entity or entities.
You must be a
subscribersubscribersubscribersubscriber
to read this content, please
subscribesubscribesubscribesubscribe
today.
For group subscribers, please click here to access.
Interested in group subscription? Please contact us.
你需要登录去解锁本文内容。欢迎注册账号。如果想阅读月刊所有文章，欢迎成为我们的订阅会员成为我们的订阅会员。
The business law digest is compiled by Nishith Desai Associates (NDA). NDA is a research-based international law firm with offices in Mumbai, New Delhi, Bangalore, Singapore, Silicon Valley and Munich. It specializes in strategic legal, regulatory and tax advice coupled with industry expertise in an integrated manner.
