TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Manuals
of of All Manuals
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Insurance Act 1938: Indian Insurance Companies Must Be Public, Indian-Controlled, With Up to 49% Foreign Investment.</h1> An 'Indian Insurance Company' under the Insurance Act 1938 is defined as an insurer limited by shares, formed or registered under the Companies Act 2013 as a public company, or converted within a year following the Insurance Laws (Amendment) Act 2015. Foreign investors can hold up to 49% of the company's paid-up equity capital, and the company must be Indian owned and controlled. Control is defined as the ability to appoint a majority of directors or influence management or policy decisions. The company's sole purpose must be to conduct life, general, re-insurance, or health insurance business.
TaxTMI 
TaxTMI 
