https://www.taxtmi.com/acts?id=39389 Amendments recast the LIC Act to establish a Board of Directors with defined committees and governance roles, expand statutory definitions adopting Companies Act meanings, create director qualification, disclosure and related party transaction rules, and reform share capital, shareholder rights and financial reporting (including auditors, accounts, reserves and dividend treatment) to align with listing requirements and enable issuance and transfer of equity and potential public offering, with consequential rulemaking powers and notified effective dates. en-us Mon, 01 Feb 2021 19:08:06 +0530 Thu, 04 Feb 2021 15:27:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=39389 Amendments recast the LIC Act to establish a Board of Directors with defined committees and governance roles, expand statutory definitions adopting Companies Act meanings, create director qualification, disclosure and related party transaction rules, and reform share capital, shareholder rights and financial reporting (including auditors, accounts, reserves and dividend treatment) to align with listing requirements and enable issuance and transfer of equity and potential public offering, with consequential rulemaking powers and notified effective dates. Act-Rules Bills Mon, 01 Feb 2021 19:08:06 +0530 https://www.taxtmi.com/acts?id=39389