https://www.taxtmi.com/article/detailed?id=6755 The amendment permits foreign investment in Indian insurance companies up to forty nine per cent of total paid up equity on the automatic route, subject to verification by the Insurance Regulatory and Development Authority of India; it substitutes rule 5 of the 2015 Rules with this provision and omits rule 6, enacted under the Insurance Act and the Insurance Regulatory and Development Authority Act, effective on publication in the Official Gazette. en-us Wed, 23 Mar 2016 09:50:03 +0530 Wed, 23 Mar 2016 09:50:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6755 The amendment permits foreign investment in Indian insurance companies up to forty nine per cent of total paid up equity on the automatic route, subject to verification by the Insurance Regulatory and Development Authority of India; it substitutes rule 5 of the 2015 Rules with this provision and omits rule 6, enacted under the Insurance Act and the Insurance Regulatory and Development Authority Act, effective on publication in the Official Gazette. Articles FEMA - Foreign Exchange Management Wed, 23 Mar 2016 09:50:03 +0530 https://www.taxtmi.com/article/detailed?id=6755