Institutional investor definition expanded to include General Insurance Corporation and its subsidiaries under securities rules. Amendment adds General Insurance Corporation of India and its subsidiaries to the Explanation to clause (b) of sub-rule (2) of rule 19 of the Securities Contracts (Regulation) Rules, 1957, naming four insurance subsidiaries, and the draft is published for public consultation with objections to be considered within a 45-day period.
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Institutional investor definition expanded to include General Insurance Corporation and its subsidiaries under securities rules.
Amendment adds General Insurance Corporation of India and its subsidiaries to the Explanation to clause (b) of sub-rule (2) of rule 19 of the Securities Contracts (Regulation) Rules, 1957, naming four insurance subsidiaries, and the draft is published for public consultation with objections to be considered within a 45-day period.
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