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Prior approval must take for sale, pledge of over 5 percent equity in insurance company: IRDAI

July 30, 2020
54 Views
With a view to bringing more clarity on certain issues relating to transfer of shares of insurance companies by promoters/shareholders, the IRDAI has issued clarification on transfer of shares in insurance company. Now, prior approval must take for sale, pledge of over 5 percent equity in insurance company.
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taxmann.com
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