Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: ARTICLES ON INPUT TAX CREDIT IN VAT :: list of goods taxed at 4% :: VAT RATES :: articles on VAT and GST in India :: VAT Audit :: TAX RATES - GOODS TAXABLE @ 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: Central Excise rule to resale the machines to a new company :: due date for vat payment :: form 3cd :: ACCOUNTING STANDARDS :: cpt :: ACCOUNTING STANDARD :: TDS :: empanelment
 
 
« Mergers and Acquisitions »
 New Indirect Tax Regime: Homebuyers and renters keeping fingers crossed on GST impact
 Hitachi India appoints Bharat Kaushal as managing director
 RBI issues new draft rules for M&As
 The 12 digital health mergers and acquisitions of Q1 2017
  Deals of the day-Mergers and acquisitions Apr 19, 2017
 Deals of the day-Mergers and acquisitions Apr 19, 2017
 Foreign investors giving M&A deals in India’s renewable energy sector a miss
 Mergers and acquisitions are getting riskier as insurance claims rise
 The Financial Times started a mergers and acquisitions newsletter for its highest-paying subscribers
 Milton Barbarosh Offering Assistance on Mergers & Acquisitions
 Deals of the day-Mergers and acquisitions 15 April 2017

IRDA formulates guidelines for M&A for non-life insurance
November, 10th 2010

Insurance Regulatory Authority of India (IRDA) will formulate guidelines for mergers and acquisitions (M&A) for non-life insurance companies, IRDA chairman J Harinarayana said here on Tuesday.

Speaking to reporters after formally launching a SMS-based customer grievance redressal system of SBI Life, Harinarayan also said that the IRDA was evaluating M&A proposals from two non-life companies. He, however, did not name them.

At present, the Insurance Act provides for the M&A pertaining to life insurance companies only.

"The two proposals, once examined, might serve as a blueprint to formulate guidelines on mergers and acquisitions in non-life sector," Harinarayana said.

There are 22 life insurance companies and 21 non-life insurance companies operating in the country.

The proposed M & A norms are expected to spur consolidation leading to fewer but stronger players in the insurance sector.

Meanwhile, referring to the impact of new Unit-Linked Insurance Plans (ULIPS) which came into force from September 1, this year, the IRDA Chairman said the Authority would review the situation next year.

"September this year was not as bad as September last year. But overall impact will be known only after the end of the year. It will take time to stabilise and the position will be better by FY 11," he said.

M N Rao, Managing Director and Chief Executive Officer of SBI Life said the company was hopeful of maintaining 40 per cent growth in new business premium adding the company had opened 138 branches and recruited 1200 new staff in the last six months.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Enterprise Resource Planning Solutions ERP Solutions Enterprise Resource Planning Software Solutions ERP Software Solutions Supply Chain Management Solutions SCM Solutions Supply Chain Management Software Solutions SCM Software Solutions Enterprise Resource Planning Solutions India ERP Solutions India Enterprise Resource Planning Software Solutions India ERP Software Solutions India Supply Chain Management Solutions India SCM Solutions India Supply Chain Management Software Solutions India SCM Software Solutions India

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions