https://www.taxtmi.com/acts?id=55700 An IIO must inform the Authority of proposals capable of causing a change in control and of proposed portfolio changes; capital issuances or allotments require prior approval, as do portfolio changes beyond Authority-set limits. Changes must preserve seniority of claims, ranking policyholders ahead of creditors, subordinated debt holders, preference shareholders and equity shareholders. Guarantees affecting that priority are prohibited. Prior approval is required for preference-share dividends or subordinated-debt interest payments where solvency or net-loss conditions apply. en-us Tue, 22 Sep 2026 12:58:15 +0530 Tue, 22 Sep 2026 12:58:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=55700 An IIO must inform the Authority of proposals capable of causing a change in control and of proposed portfolio changes; capital issuances or allotments require prior approval, as do portfolio changes beyond Authority-set limits. Changes must preserve seniority of claims, ranking policyholders ahead of creditors, subordinated debt holders, preference shareholders and equity shareholders. Guarantees affecting that priority are prohibited. Prior approval is required for preference-share dividends or subordinated-debt interest payments where solvency or net-loss conditions apply. Act-Rules Indian Laws Tue, 22 Sep 2026 12:58:15 +0530 https://www.taxtmi.com/acts?id=55700