https://www.taxtmi.com/article/detailed?id=5117 The regulations mandate prior written approval of the Insurance Regulatory and Development Authority before any general insurance company may seek a public issue or divest promoter equity under securities regulations; all issued capital must be fully paid up equity shares. Approval applications must be submitted in the prescribed form and will be assessed on financial position, regulatory compliance, capital structure post-issue, purposes for proceeds, solvency margin maintenance, disclosure and corporate governance compliance, and policyholder protection. Approvals may carry conditions on promoter dilution, foreign investor allotment, promoter lock-in, and additional prospectus disclosures and are valid for one year. en-us Sat, 27 Apr 2013 11:03:49 +0530 Sat, 14 Sep 2013 22:28:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5117 The regulations mandate prior written approval of the Insurance Regulatory and Development Authority before any general insurance company may seek a public issue or divest promoter equity under securities regulations; all issued capital must be fully paid up equity shares. Approval applications must be submitted in the prescribed form and will be assessed on financial position, regulatory compliance, capital structure post-issue, purposes for proceeds, solvency margin maintenance, disclosure and corporate governance compliance, and policyholder protection. Approvals may carry conditions on promoter dilution, foreign investor allotment, promoter lock-in, and additional prospectus disclosures and are valid for one year. Articles Customs - Import - Export - SEZ Sat, 27 Apr 2013 11:03:49 +0530 https://www.taxtmi.com/article/detailed?id=5117