by AIP Online Bureau | Feb 11, 2024 | Indian News, Non-Life, Regulation
`This action of yours in provisioning for the KMPs runs contrary to your representation on the solvency ratio post infusion of the additional funds, Also, we, have not granted any approval under section 197 of the Companies Act 013 for the payment of such remuneration...
by AIP Online Bureau | Dec 27, 2023 | Eco/Invest/Demography, Indian News, Life, Non-Life, Regulation
Reliance Capital’s subsidiaries and associates are engaged in various businesses in the financial service sector including insurance New Delhi: The Competition Commission of India (CCI) has approved acquisition of controlling stake in Reliance Capital Ltd by...
by AIP Online Bureau | Oct 4, 2023 | Banking & Bancassurance, Breaking News!, Eco/Invest/Demography, Indian News, Life, Non-Life, Regulation
In a fresh Letter of Urgency, Torrent Investment has stated that during the pendency of its appeals before the SC, the Committee of Creditors (COC) of Reliance Capital have not only conducted the second round of auction, but approved the resolution plan of IIHL and...
by AIP Online Bureau | Sep 1, 2023 | Indian News, Life, Regulation
According to sources, based on this SC order, the NCLT is likely to follow the same path and dismiss Torrent’s plea. Prior to NCLT, Torrent Investment had approached SC and filed a plea seeking to restrain NCLT from considering IIHL’s resolution plan, but in a...
by AIP Online Bureau | Aug 28, 2023 | Indian News, Life, Regulation
According to a banker involved in the process, as the resolution plan states that all existing shareholders agreement will be nullified, there is a question mark on the fate of RCAP’s life insurance joint venture with Nippon Life of Japan Mumbai: The resolution...
