https://www.taxtmi.com/circulars?id=64859 The FDI regime for the insurance sector prescribes fixed foreign equity ceilings with entry via the automatic route subject to IRDAI verification, compliance with the Insurance Act and licensing, RBI pricing guidelines for increases, and FEMA/SEBI rules for portfolio investment. Insurers with foreign investment must have a majority of resident Indian directors and key management personnel and meet the Indian Insurance Companies (Foreign Investment) Rules, 2015. Insurance intermediaries have separate full foreign equity allowance but face incorporation, senior-residency, dividend repatriation, payment limitation, disclosure and board/composition requirements. Bank-promoted insurers and related applications require RBI consultation with IRDAI. en-us Mon, 14 Jun 2021 00:00:00 +0530 Sat, 19 Jun 2021 13:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=64859 The FDI regime for the insurance sector prescribes fixed foreign equity ceilings with entry via the automatic route subject to IRDAI verification, compliance with the Insurance Act and licensing, RBI pricing guidelines for increases, and FEMA/SEBI rules for portfolio investment. Insurers with foreign investment must have a majority of resident Indian directors and key management personnel and meet the Indian Insurance Companies (Foreign Investment) Rules, 2015. Insurance intermediaries have separate full foreign equity allowance but face incorporation, senior-residency, dividend repatriation, payment limitation, disclosure and board/composition requirements. Bank-promoted insurers and related applications require RBI consultation with IRDAI. Circulars FEMA Mon, 14 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/circulars?id=64859