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.

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.