Policy on foreign investment in the Pension Sector- addition of paragraph 6.2.17.9 of ‘Consolidated FDI Policy Circular of 2014’

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.... Subject: Policy on foreign investment in the Pension Sector- addition of paragraph 6.2.17.9 of  'Consolidated FDI Policy Circular of 2014' In pursuance of enactment of Insurance Regulatory & Development Authority Act, 2013 Government has decided to permit Foreign Direct Investment in the Pension Sector as under: S. No Sector / Activity % of FDI Cap/ Equity Entry route 6.2.....

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.... (3) Wherever such foreign equity investment involves control or ownership by the  foreign investor or, transfer of control or ownership of an existing pension fund  from resident Indian citizens and/ or Indian companies owned and controlled by  resident Indian citizens to such foreign investing entities as a consequence of the  investment, including through trans....