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Learn MoreNotification No. FEMA. 301/2014-RB dated 4th April, 2014
Foreign investment in the Insurance Sector – Amendment to the Foreign Direct Investment Scheme This circular states that in terms of and subject to the conditions mentioned in Press Note 2 (2014 Series) FII / FPI and NRI can invest within the overall limit of 26% permitted for FDI in Insurance sector under the Automatic Route.
The amended paragraph 6.2.17.7 of FDI policy is as under: – Paragraph 6.2.17.7 of the ‘Consolidated FD1 Policy, effective from 5th April, 2013’, is replaced by the following: