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The extent of FDI policy for Insurance sector has since been reviewed by the Government of India and accordingly it has been decided to enhance the limit of foreign investment in insurance sector from 26 to 49 percent under the automatic route subject to certain terms and conditions which have been notified through Read More

Foreign Exchange Management (Export and import of currency) Regulations, 2015 RBI vide FEMA NOTIFICATION NO 6 /RB-2015, Dated: December 29, 2015 notified that, A person may - a) send into India without limit foreign exchange in any form other than currency notes, bank notes and travelers cheques; b) bring into India from any place outside I...Read More

A recent landmark judgment by Delhi High Court held that the eldest woman of a Hindu Undivided Family can be its ‘Karta’, a term which denotes the managership of an HUF. The issue to be decided by the Court was whether the plaintiff, Mrs. Sujata Sharma, who was the first born amongst the co-parceners of a Hindu Undivided Family property, would ...Read More