https://www.taxtmi.com/acts?id=37146 A new subsection requires that no insurer, being a foreign company engaged in re insurance business through a branch established in an International Financial Services Centre under the Special Economic Zones Act, shall be registered unless it has net owned funds of not less than rupees one thousand crore, establishing a pre registration capital eligibility condition for such foreign reinsurers under the Insurance Act, 1938. en-us Wed, 24 Jul 2019 17:28:24 +0530 Wed, 24 Jul 2019 17:28:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=37146 A new subsection requires that no insurer, being a foreign company engaged in re insurance business through a branch established in an International Financial Services Centre under the Special Economic Zones Act, shall be registered unless it has net owned funds of not less than rupees one thousand crore, establishing a pre registration capital eligibility condition for such foreign reinsurers under the Insurance Act, 1938. Act-Rules F. Acts / Amendment Acts Wed, 24 Jul 2019 17:28:24 +0530 https://www.taxtmi.com/acts?id=37146