INSURANCE AMENDMENT BILL PASSED BY THE PARLIAMENT The Parliament on Wednesday (August 11) passed the General Insurance Business (Nationalization) Amendment Bill 2021 which eliminates the condition that the Central Government should hold 51% shareholding in state-possessed general insurance agencies.Further, the new Section 31A states that a director of a specified insurer, who is not a whole-time director, will be held liable only for certain acts. Reddy and Reddy law office has a record of astonishing conveyance of legal services.
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INSURANCE AMENDMENT BILL PASSED BY THE PARLIAME...
2021-08-12T10:03:22
INSURANCE AMENDMENT BILL PASSED BY THE PARLIAMENT The Parliament on Wednesday (August 11) passed the General Insurance Business (Nationalization) Amendment Bill 2021 which eliminates the condition that the Central Government should hold 51% shareholding in state-possessed general insurance agencies.Further, the new Section 31A states that a director of a specified insurer, who is not a whole-time director, will be held liable only for certain acts. Reddy and Reddy law office has a record of astonishing conveyance of legal services.
2021-08-12T10:03:22
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