https://www.taxtmi.com/circulars?id=52688 The amendment replaces paragraph 6.2.17.7 to permit foreign investment in specified insurance-sector activities under the automatic route, subject to IRDA licensing. It applies banking-sector conditions to bank-promoted insurers, defines an Indian insurance company by Companies Act formation, aggregate foreign equity limits and single-purpose life or reinsurance activity, and incorporates IRDA regulations governing brokers, TPAs and surveyors. The decision takes immediate effect. en-us Tue, 04 Feb 2014 00:00:00 +0530 Thu, 06 Feb 2014 15:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=52688 The amendment replaces paragraph 6.2.17.7 to permit foreign investment in specified insurance-sector activities under the automatic route, subject to IRDA licensing. It applies banking-sector conditions to bank-promoted insurers, defines an Indian insurance company by Companies Act formation, aggregate foreign equity limits and single-purpose life or reinsurance activity, and incorporates IRDA regulations governing brokers, TPAs and surveyors. The decision takes immediate effect. Circulars FEMA Tue, 04 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/circulars?id=52688