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: due date for vat payment :: ACCOUNTING STANDARDS :: TDS :: VAT RATES :: cpt :: list of goods taxed at 4% :: ACCOUNTING STANDARD :: Central Excise rule to resale the machines to a new company :: empanelment :: VAT Audit :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: articles on VAT and GST in India :: form 3cd :: TAX RATES - GOODS TAXABLE @ 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT
 
 
Mergers and Acquisitions »
 Why is Avendus Capital behind most large e-commerce deals in India?
 India one of most attractive merger and acquisitions destinations in Asia.
 Deals of the day-Mergers and acquisitions june 20, 2017
 How new funding avenues, M&As are powering India’s renewable energy sector
 Finance Ministry asks PSBs to explore acquisition of smaller banks
 Bank of Baroda, Canara Bank may lead next round of mergers
  Deals of the day-Mergers and acquisitions June 13, 2017
 India’s booming stock market has a downside: It’s making M&As expensive, says BNP Paribas
 Cross border mergers make India favoured FDI route: UNCTAD
 BNP expects challenging 2017 for India M&A deals as stocks rally
 Why Gulf mergers and acquisitions are back on the rise

M&A, public offer guidelines
July, 11th 2009

The Insurance Regulatory and Development Authority (Irda) is likely to finalise the guidelines for mergers and acquisitions (M&As) of insurance companies in the next two months and is also looking to frame rules for public issue of shares by insurers, its chairman J Hari Narayan said on the sidelines of a health insurance conference on Friday.

Currently, there are no specific guidelines for M&As in the insurance space in India. The new norms would encourage consolidation in the sector.

We are working on some M&A guidelines that will be finalised in the next couple of months, said Mr Narayan on the sidelines of a conference organised by industry body Ficci. He added that the regulator is also looking to frame rules for insurance firms to float initial public offer (IPO) of shares to raise capital. Insurance is a capital-intensive sector and has huge fund requirements.

Asked about reduction in charges of unit-linked insurance plans (Ulips), Mr Narayan replied, We have not taken any view at this point of time. Whatever would be best in the interest of policyholders and insurance companies will be done.

Insurance was opened to private sector investments in 1999. Currently, there are 22 life insurers and 21 general insurance firms in the country. Life insurance is dominated by public sector behemoth Life Insurance Corporation of India (LIC) while the biggest player in the general insurance category is New India Assurance.

Besides, there is a string of private sector firmsmany of them joint ventures with international insurance firms. Consolidation will lead to fewer but stronger players in the country.

As per Irda data, the life insurance industry clocked Rs 8,652 crore during April-May this fiscal in first-time premium collection while sales in the non-life business stood at Rs 6,226 crore.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Bath SEO Company Birmingham SEO Company Bradford SEO Company Brighton and Hove SEO Company Bristol SEO Company Cambridge SEO Company Canterbury SEO Company Carlisle SEO Company Chester SEO Company Chichester SEO Company Coventry SEO Compan

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