Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) (Third Amendment) Regulations, 2015 https://www.taxtmi.com/notifications?id=117407 Regulations amend Annex B to impose a 49 per cent combined foreign investment cap for insurance companies and designated intermediaries, allow investment on an automatic route up to a lower threshold with Government approval required for increases beyond that automatic threshold up to the cap, and require RBI-IRDA consultation for FDI in private banks with insurance JV/subsidiaries to ensure the insurance sector cap is not breached; compliance with Insurance Act, IRDA licensing, Indian ownership and control, portfolio investment rules and RBI pricing guidelines is mandated. en-us Tue, 03 Mar 2015 00:00:00 +0530 Wed, 25 Mar 2015 11:07:00 +0530 TaxTMI RSS Generator Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) (Third Amendment) Regulations, 2015 https://www.taxtmi.com/notifications?id=117407 Regulations amend Annex B to impose a 49 per cent combined foreign investment cap for insurance companies and designated intermediaries, allow investment on an automatic route up to a lower threshold with Government approval required for increases beyond that automatic threshold up to the cap, and require RBI-IRDA consultation for FDI in private banks with insurance JV/subsidiaries to ensure the insurance sector cap is not breached; compliance with Insurance Act, IRDA licensing, Indian ownership and control, portfolio investment rules and RBI pricing guidelines is mandated. Notifications FEMA Tue, 03 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/notifications?id=117407