{"id":245955,"date":"2021-03-22T17:45:23","date_gmt":"2021-03-22T12:15:23","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=245955"},"modified":"2021-03-23T16:12:39","modified_gmt":"2021-03-23T10:42:39","slug":"lok-sabha-passes-insurance-amendment-bill-2021","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2021\/03\/22\/lok-sabha-passes-insurance-amendment-bill-2021\/","title":{"rendered":"Lok Sabha passes Insurance (Amendment) Bill, 2021"},"content":{"rendered":"<p style=\"text-align: justify;\">The Insurance Amendment Bill 2021 has been passed by Lok Sabha today leading to a hike in Foreign Direct Investment (FDI) limit in the sector to 74 percent. The said Bill was passed by Rajya Sabha on March 18, 2021.<\/p>\n<p style=\"text-align: justify;\">The Bill removes restrictions on ownership and control. However, such foreign investment may be subject to additional conditions as prescribed by the Central Government.<\/p>\n<p>&nbsp;<\/p>\n<p>For more details on the Bill, read our previous story <a href=\"https:\/\/www.scconline.com\/blog\/post\/2021\/03\/19\/insurance-amendment-bill-2021-passed-by-rajya-sabha\/\">HERE<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Insurance Amendment Bill 2021 has been passed by Lok Sabha today leading to a hike in Foreign Direct Investment (FDI) limit <\/p>\n","protected":false},"author":8808,"featured_media":245958,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4,1193],"tags":[],"class_list":["post-245955","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legislationupdates","category-notifications"],"yoast_head":"<!-- This site is optimized with the Yoast SEO 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During this Session a total of 20 Bills (17 in Lok Sabha and 03 in Rajya Sabha) were introduced. 18 Bills were passed by Lok Sabha and 19 Bills were passed\u2026","rel":"","context":"In &quot;Hot Off The Press&quot;","block_context":{"text":"Hot Off The Press","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/hot_off_the_press\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/04\/MicrosoftTeams-image-65.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/04\/MicrosoftTeams-image-65.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/04\/MicrosoftTeams-image-65.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/04\/MicrosoftTeams-image-65.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/04\/MicrosoftTeams-image-65.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":245837,"url":"https:\/\/www.scconline.com\/blog\/post\/2021\/03\/19\/insurance-amendment-bill-2021-passed-by-rajya-sabha\/","url_meta":{"origin":245955,"position":1},"title":"Insurance (Amendment) Bill, 2021 passed by Rajya Sabha","author":"Prachi Bhardwaj","date":"March 19, 2021","format":false,"excerpt":"On 18th March, 2021, Rajya Sabha has passed the Insurance (Amendment) Bill, 2021. The Bill amends the Insurance Act, 1938.\u00a0 The Act provides the framework for working of insurance businesses and regulates the relationship between an insurer, its policyholders, its shareholders, and the regulator (the Insurance Regulatory and Development Authority\u2026","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/03\/MicrosoftTeams-image-17.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/03\/MicrosoftTeams-image-17.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/03\/MicrosoftTeams-image-17.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/03\/MicrosoftTeams-image-17.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/03\/MicrosoftTeams-image-17.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":252474,"url":"https:\/\/www.scconline.com\/blog\/post\/2021\/08\/10\/limited-liability-partnership-amendment-bill-2021-passed-by-lok-sabha\/","url_meta":{"origin":245955,"position":2},"title":"Limited Liability Partnership (Amendment) Bill, 2021 passed by Lok Sabha","author":"Bhumika Indulia","date":"August 10, 2021","format":false,"excerpt":"On August 10, 2021, the Limited Liability Partnership (Amendment) Bill, 2021 passed by the Lok Sabha. It was passed by the Rajya Sabha on August 04, 2021. The amendment seeks to amend LLP Act, 2008. Key highlights: De-criminalization of procedural & technical defaults under LLP Act, 2008 will incentivize compliance\u2026","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/12\/parliamentSM.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/12\/parliamentSM.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/12\/parliamentSM.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/12\/parliamentSM.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/12\/parliamentSM.jpg?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/12\/parliamentSM.jpg?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":7268,"url":"https:\/\/www.scconline.com\/blog\/post\/2015\/08\/11\/lok-sabha-passed-the-delhi-high-court-amendment-bill-2014\/","url_meta":{"origin":245955,"position":3},"title":"Lok Sabha passed the Delhi High Court (Amendment) Bill, 2014","author":"Sucheta","date":"August 11, 2015","format":false,"excerpt":"The Lok Sabha on August 5, 2015 passed the Delhi High Court (Amendment) Bill, 2014 which was passed by the Rajya Sabha on May 6, 2015. The Bill seeks to raise the lower pecuniary limit of the Delhi High Court\u2019s original civil jurisdiction, from rupees twenty lakhs to rupees two\u2026","rel":"","context":"In &quot;Foreign Legislation&quot;","block_context":{"text":"Foreign Legislation","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/foreign\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/08\/parliamentSM.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/08\/parliamentSM.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/08\/parliamentSM.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/08\/parliamentSM.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/08\/parliamentSM.jpg?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/08\/parliamentSM.jpg?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":257878,"url":"https:\/\/www.scconline.com\/blog\/post\/2021\/11\/29\/lok-sabha-passes-farm-laws-repeal-bill-2021\/","url_meta":{"origin":245955,"position":4},"title":"Lok Sabha passes Farm Laws Repeal Bill, 2021","author":"Bhumika Indulia","date":"November 29, 2021","format":false,"excerpt":"On November 29, 2021, the Lok Sabha has passed Farm Law Repeal Bill, 2021. \u00a0 The Bill will repeal the following Acts: Farmers (Empowerment and Protection) Agreement on Price Assurance and Farm Services Act, 2020, Farmers' Produce Trade and Commerce (Promotion and Facilitation) Act, 2020, Essential Commodities (Amendment) Act, 2020.\u2026","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/11\/MicrosoftTeams-image-153.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/11\/MicrosoftTeams-image-153.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/11\/MicrosoftTeams-image-153.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/11\/MicrosoftTeams-image-153.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/11\/MicrosoftTeams-image-153.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":258858,"url":"https:\/\/www.scconline.com\/blog\/post\/2021\/12\/21\/parliament-passes-election-laws-amendment-bill-2021\/","url_meta":{"origin":245955,"position":5},"title":"Parliament passes Election Laws (Amendment) Bill, 2021","author":"Prachi Bhardwaj","date":"December 21, 2021","format":false,"excerpt":"On December 21, 2021, Rajya Sabha has passed the Election Laws (Amendment) Bill, 2021. The Bill was passed in Lok Sabha on December 20, 2021. \u00a0 Read about the Bill, HERE \u00a0 *Tanvi Singh, Editorial Assistant has reported this brief.","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Parliament_Colour.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Parliament_Colour.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Parliament_Colour.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Parliament_Colour.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Parliament_Colour.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/245955","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/users\/8808"}],"replies":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/comments?post=245955"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/245955\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media\/245958"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=245955"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=245955"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=245955"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}