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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..... 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 6.2.17.9 Pension Sector 49% {FDI + FPI (FII, QFI) + NRI+FVCI+DR} Automatic up to .....

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..... und 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 transfer of shares and or fresh issue of shares to Non-Resident entities through acquisition, amalgamation, merger etc., it would require FIPB approval in consultation with the Department of Fi .....

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