https://www.taxtmi.com/circulars?id=53250 The policy amends the insurance-sector foreign investment regime to permit aggregate foreign investment up to 49 per cent of paid-up equity, with investment up to 26 per cent under the automatic route and any additional FDI above 26 per cent and up to 49 per cent requiring government approval; the cap applies equally to insurance companies and specified intermediaries and is subject to Insurance Act compliance, regulator licensing, resident Indian ownership and applicable FEMA/SEBI and RBI pricing rules. en-us Mon, 02 Mar 2015 00:00:00 +0530 Wed, 04 Mar 2015 18:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=53250 The policy amends the insurance-sector foreign investment regime to permit aggregate foreign investment up to 49 per cent of paid-up equity, with investment up to 26 per cent under the automatic route and any additional FDI above 26 per cent and up to 49 per cent requiring government approval; the cap applies equally to insurance companies and specified intermediaries and is subject to Insurance Act compliance, regulator licensing, resident Indian ownership and applicable FEMA/SEBI and RBI pricing rules. Circulars FEMA Mon, 02 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/circulars?id=53250