Foreign investment limit in insurance sector increased under automatic route subject to prescribed conditions and applicable approvals. The circular implements an increase in the foreign investment limit in the insurance sector under the automatic route, subject to terms and conditions notified under FEMA; Authorised Dealer Category I banks are to inform constituents and note that the directions are issued under statutory foreign exchange powers but do not obviate other legal permissions or approvals.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Foreign investment limit in insurance sector increased under automatic route subject to prescribed conditions and applicable approvals.
The circular implements an increase in the foreign investment limit in the insurance sector under the automatic route, subject to terms and conditions notified under FEMA; Authorised Dealer Category I banks are to inform constituents and note that the directions are issued under statutory foreign exchange powers but do not obviate other legal permissions or approvals.
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