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AMEND ACTUARIES ACT
Finance Ministry plans to broaden Actuaries Act scope beyond insurance, pensionsThe finance ministry is set to update the Actuaries Act, 2006. This will expand actuarial science to include data science and risk manageme...- MCA seeks stakeholder inputs on creating multi-disciplinary partnership firmsThe corporate affairs ministry is seeking stakeholder comments on establishing multi-disciplinary partnership (MDP) firms, allowing profess...
- Govt may not need to amend any law for permitting foreign participation in LIC IPOApart from the government and Reserve Bank, foreign investment in the insurance sector is also regulated by the Insurance Act, IRDA Act and...
- India puts checks in place for LIC, foreign holding may be capped at 20%The country’s biggest life insurer is expected to make its initial public offer (IPO) later this year. Expected to be the biggest ever in t...
- Relief to small companies: Relaxations in compliance with accounting standardsThe new rules will replace existing rules issued in the year 2006 and are applicable from accounting periods commencing on or after 1st Apr...
- American economy not yet ready for end to Federal stimulus, top official saysWhile the Fed has begun to consider when to taper its massive bond-buying program, New York Fed President John Williams told reporters the ...
- CCEA clears LIC disinvestment; panel headed by FM to decide quantum of stake saleThe Budget amendments to the LIC Act has been notified and the actuarial firm is expected to finalise the embedded value of the life insure...
- LIC IPO: Govt likely to invite bids from merchant bankers this monthThe government is likely to invite bids from merchant bankers this month for managing LIC disinvestment as it moves ahead with plans to lau...
- Hold an LIC policy? Smile! You will have a quota in the IPO"In the Finance Bill 2021-22, it has been proposed to have a reservation on a competitive basis, to an extent of up to 10 per cent of the i...
- LIC IPO may spill over to next fiscalDIPAM Secretary Tuhin Kanta Pandey said the pre-IPO work of LIC is going on at four stages and only after the four stages converge, then a ...
- Government evaluates option to list LIC abroadThe government has already announced its intent for an initial public offer (IPO) by the insurance giant, while also amending the Companies...
- Here's what it will take to list LICAmendments to Sections 37, 24 and 28 of the LIC Act likely
- Dear Zindagi: Listing may make LIC most valuable companyValued on the basis of its AUM, LIC would have a market cap of Rs 55 lakh crore.
- Insurance cos to focus on IPOs, consolidation in 2018Incidentally, the IPO chart in this fiscal was topped by insurance firm GIC Re that garnered over Rs 11,176 crore.
- Get ready to own a stake in your favourite insurer as six companies line up IPO plansThe companies that have line up IPO plans are New India Assurance, National India, United India and Oriental India, reinsurer GIC Re and IC...
- Foreign reinsurers may repatriate profit: IRDAI reportInsurance regulator IRDAI today proposed that foreign reinsurers take back earned profit to their country.
- LIC starts revamp, sets up two groups to look into issuesThe move is part of revamp of the 57-year-old insurer, facilitated by the government to increase insurance penetration in the country.
- Insurance Industry hopeful that the Budget '09 would resolve the mazeUntil 2001, insurance was a nationalized activity; the domain of the Government owned insurance companies.
- Cos may face shortage of actuarial professionalsIndia Inc will face a severe shortage of actuarial and accounting professionals, even as the country plans to adopt International Financial...
- Banks seek review of tax exemption limit on gratuityBanks, which will now be required to set aside higher provisions for employee gratuities under the new accounting norms, have urged the gov...
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