https://www.taxtmi.com/circulars?id=63492 The Press Note revises the insurance-sector FDI framework: Indian insurance companies are limited to forty-nine percent total foreign investment, allowed via the automatic route subject to IRDAI verification, Insurance Act compliance and RBI pricing rules for increases; foreign portfolio investment follows FEMA and SEBI FPI regulations. Intermediaries (brokers, consultants, corporate agents, TPAs, surveyors and loss assessors) may have full foreign equity under the automatic route but must satisfy corporate form, resident Indian senior officer, dividend repatriation permission, disclosure and board/management composition requirements prescribed by regulators. en-us Fri, 21 Feb 2020 00:00:00 +0530 Sat, 22 Feb 2020 13:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=63492 The Press Note revises the insurance-sector FDI framework: Indian insurance companies are limited to forty-nine percent total foreign investment, allowed via the automatic route subject to IRDAI verification, Insurance Act compliance and RBI pricing rules for increases; foreign portfolio investment follows FEMA and SEBI FPI regulations. Intermediaries (brokers, consultants, corporate agents, TPAs, surveyors and loss assessors) may have full foreign equity under the automatic route but must satisfy corporate form, resident Indian senior officer, dividend repatriation permission, disclosure and board/management composition requirements prescribed by regulators. Circulars FEMA Fri, 21 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/circulars?id=63492