Secretary DPIIT says increase in FDI limit in Insurance Sector will have positive impact on the Indian Economy https://www.taxtmi.com/news?id=23687 Amendment to the Insurance Act, 1938 raises the permissible foreign direct investment limit in insurance companies while imposing safeguards: majority resident Indian directors, at least 50% Independent Directors, and mandated profit retention as general reserve, to allow greater foreign ownership and strategic participation alongside protections for domestic governance. en-us Fri, 05 Feb 2021 15:41:35 +0530 Fri, 05 Feb 2021 15:41:35 +0530 TaxTMI RSS Generator Secretary DPIIT says increase in FDI limit in Insurance Sector will have positive impact on the Indian Economy https://www.taxtmi.com/news?id=23687 Amendment to the Insurance Act, 1938 raises the permissible foreign direct investment limit in insurance companies while imposing safeguards: majority resident Indian directors, at least 50% Independent Directors, and mandated profit retention as general reserve, to allow greater foreign ownership and strategic participation alongside protections for domestic governance. News - Fri, 05 Feb 2021 15:41:35 +0530 https://www.taxtmi.com/news?id=23687