Question
The Fund constituted under the IRDA Act, 1999 shall be
only used for meeting_____________Solution
Explanation: Section 16 Constitution of Fund- (2) The Fund shall be applied for meeting-- (a) the salaries, allowances and other remuneration of the members, officers and other employees of the Authority; (b) the other expenses of the Authority in connection with the discharge of its functions and for the purposes of this Act.
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A statement which gives organization-specific definitions of what’s expected and required with respect to the behavior and actions within the organiza...
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