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October 2026
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FEMA & RBIRBI allows one-time approval for mutual funds, insurers and pension funds to re-acquire major shareholding in a bank, up to 10 per cent
One-time approval, up to 10%ReliefRBI has amended its directions on acquisition and holding of shares or voting rights in banks. SEBI-registered mutual funds, IRDAI-registered insurers and PFRDA-registered pension funds outside the bank’s promoter group can get a one-time approval, through PRAVAAH, for subsequent acquisitions of major shareholding up to 10 per cent. Prior approval for the initial acquisition stays mandatory.
September 2026
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SEBIIRDAI repeals 2020 guidelines on repatriation of dividends by foreign-majority insurance intermediaries; prior approval requirement already removed
2020 dividend guidelines repealedReliefIRDAI has repealed its Guidelines on repatriation of dividends by insurance intermediaries having majority by foreign investors, dated 3 January 2020, with effect from 30 July 2026. The Insurance Intermediaries (Amendment) Regulations, 2026 notified on that date removed the requirement of the Authority’s prior approval for repatriating dividends and the condition on related party payments.
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