Question
What is the paid up equity capital requirement for a
life insurance company?Solution
The Insurance Act, 1938. S. 6. Requirement as to capital .--(1) No insurer not being an insurer as defined in sub-clause (d) of clause (9) of section 2, carrying on the business of life insurance, general insurance, health insurance or re-insurance in India or after the commencement of the Insurance Regulatory and Development Authority Act, 1999 (41 of 1999), shall be registered unless he has,-- (i) a paid-up equity capital of rupees one hundred crore, in case of a person carrying on the business of life insurance or general insurance; or
India INX, an IFSC-based exchange, signed a cooperation agreement with Luxembourg Stock Exchange with an aim of ______________.
Funds flow statement is prepared to :
With respect to the Expenditure Budget, which of the following does not come under the Umbrella of Centers’ Expenditure there sub-classification?
The RBI has allowed international trade settlement in rupees for which AD banks need to open ____________, in terms of Regulation 7(1) of Foreign Exchan...
What is the minimum net worth of PFRDA for pension fund managers?
In 2008, India launched the National Action Plan on Climate Change (NAPCC), establishing _________ National Missions, covering several initiatives and a...
With respect to the Finance Bill, consider the following statements:
I. Imposition
II. Amendment
III. Remission
IV. Alterati...
The risk that the bank will not receive funds from its counter-parties on the due date is called
Which of the following categories of borrowers are eligible for housing loans from Urban Cooperative Banks (UCBs)?
How many Infrastructure Investment Trusts (InvITs) were registered at the end of the period 2023-24, as per SEBI Annual Report 2023-24? Â
