https://www.taxtmi.com/acts?id=39401 Amendments vest general superintendence in a Board of Directors with specified composition, disqualifications, disclosure and committee structures; establish an equity capital regime enabling issue, transfer and recognition of shares including issues to the Central Government and reservation to policyholders; and revise fund, surplus allocation and dividend rules while strengthening financial reporting, audit oversight and penalties, all to align LIC's governance, shareholder rights and financial integrity with securities listing requirements, subject to commencement notifications. en-us Mon, 01 Feb 2021 19:43:54 +0530 Mon, 01 Feb 2021 19:43:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=39401 Amendments vest general superintendence in a Board of Directors with specified composition, disqualifications, disclosure and committee structures; establish an equity capital regime enabling issue, transfer and recognition of shares including issues to the Central Government and reservation to policyholders; and revise fund, surplus allocation and dividend rules while strengthening financial reporting, audit oversight and penalties, all to align LIC's governance, shareholder rights and financial integrity with securities listing requirements, subject to commencement notifications. Act-Rules Bills Mon, 01 Feb 2021 19:43:54 +0530 https://www.taxtmi.com/acts?id=39401