Amendment adds general insurance corporations and subsidiaries to the recognised insurers list under securities rule 19. Amendment inserts General Insurance Corporation of India and its subsidiaries-the National Insurance Company Limited, The New India Assurance Company Limited, The Oriental Fire & General Insurance Company Limited and The United India Fire & General Insurance Company Limited-into the Explanation to clause (b) of sub rule (2) of rule 19 of the Securities Contracts (Regulation) Rules, 1957, thereby expanding the list of insurance entities recognised alongside the Life Insurance Corporation of India.
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Provisions expressly mentioned in the judgment/order text.
Amendment adds general insurance corporations and subsidiaries to the recognised insurers list under securities rule 19.
Amendment inserts General Insurance Corporation of India and its subsidiaries-the National Insurance Company Limited, The New India Assurance Company Limited, The Oriental Fire & General Insurance Company Limited and The United India Fire & General Insurance Company Limited-into the Explanation to clause (b) of sub rule (2) of rule 19 of the Securities Contracts (Regulation) Rules, 1957, thereby expanding the list of insurance entities recognised alongside the Life Insurance Corporation of India.
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