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    <title>Amendment of First Schedule.</title>
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    <description>The amendment inserts a proviso into rule 2 of the First Schedule requiring that any expenditure not admissible for computing business profits be included in computing the profits and gains of life insurance business, thereby modifying the actuarial surplus-based computation for life insurers.</description>
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      <description>The amendment inserts a proviso into rule 2 of the First Schedule requiring that any expenditure not admissible for computing business profits be included in computing the profits and gains of life insurance business, thereby modifying the actuarial surplus-based computation for life insurers.</description>
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