From BusinessLine
Center-Right Owned by The Hindu Group (Kasturi & Sons)IRDAI streamlines regulatory procedures for insurer share transfers, IPOs and mergers
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Irdai has implemented stricter rules regarding employee stock option plans for insurance companies to regulate ownership stakes. Senior executives and directors must seek approval to exceed prescribed shareholding limits under these plans. Insurers are required to monitor direct and indirect share…
RSS excerpt
Provides clarity on approvals, disclosures and cuts processing fee for share transfer approvals