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Board norm relaxation will boost insurance sector: Experts
Business Standard
|June 21, 2025
According to Sonam Chandwani, managing partner at KS Legal and Associates, "100 per cent FDI is allowed in various sectors such as telecommunications, information technology, and manufacturing.
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As per the Companies Act, at least one director must be an Indian resident. There are no specific restrictions on appointing a foreign national as a director or KMP."
"However, if the appointments exceed prescribed thresholds, prior approval from the relevant authorities may be required. This move will certainly boost the insurance sector and facilitate the adoption of global talent, thereby helping implement international best practices," said Chandwani.
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