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Amalgamation and Transfer of business

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Full Text of the Document

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....ance with these regulations. (2) No scheme of amalgamation or merger or acquisition or transfer of business of the IIIO shall be implemented by an insurance intermediary without the prior approval of the Authority. Provided that the above requirement shall not be applicable in case insurance intermediary is established as a branch office in the IFSC and the business to be transferred is not ....

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