Fit And Proper Requirement For Promoters Of Insurers: Think Beyond Tick-Box Compliance - Insurance mondaq.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mondaq.com Daily Mail and Mail on Sunday newspapers.
The control and acquisition of entities in India by foreign
investors and private equity funds (
PE Funds), is
regulated by the foreign investment norms specified by the Reserve
Bank of India (
RBI), the norms specified by the
Securities Exchange Board of India (
SEBI) (where
the entity is a listed entity), and any other laws/regulations
governing the business of the target entity. Entities engaged in
insurance business are required to follow additional norms
regarding foreign investment as specified by the Insurance
Regulatory and Development Authority of India
(
IRDAI). In this article we have set out the
frequently asked questions in relation to foreign investment in