The Insurance Laws (Amendment) Bill, 2014

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By Philip Jackson, Richard W. Holloway, Sanket Kawatkar, Shamit Gupta | 02 January 2015
The Government of India has taken a major step towards passing the Insurance Laws Bill of 2014. The flagship reform in the Bill is an increase in the cap on foreign shareholding, either as foreign direct investment (FDI) or through foreign institutional investors (FII). This e-Alert highlights some key provisions in the legislation and also touches on how different shareholders and joint ventures may respond to the opportunity of being able to realign shareholding structures.