The Union Budget 2021-22 announced the proposal to liberalise Foreign Direct Investment (“FDI”) in Indian insurance companies from the existing 49% to 74% with effect from August 2021. The aforesaid proposal was subsequently formalised by way of introduction of the Insurance (Amendment) Act, 2021 (“Amendment Act”), to amend the Insurance Act, 1938. Please click here to refer to our earlier blog for more details in this regard.Continue Reading FDI Liberalisation in Insurance Companies and Harmonisation of Insurance Regulations: What Has Changed in the Year Gone by?
Senior Associate in the General Corporate practice in the Mumbai office of Cyril Amarchand Mangaldas. Niyati advises on mergers and acquisitions and foreign direct investment, with a focus in the insurance space. She is also involved in advising both Indian and foreign institutions in relation to the restructuring, amalgamation, demergers, business transfers and joint ventures. She can be reached at Niyati.email@example.com