Circular on clarification on classification of shares issued by virtue of demerger to Insurance companies (dated- 19.01.2023) – IRDAI

  • 23rd, January 2023
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Circular on clarification on classification of shares issued by virtue of demerger to Insurance companies (dated- 19.01.2023) – IRDAI

  • IRDAI vide a circular clarified that dividend criteria under Regulation 3(a)(4) and 3(a)(5)  of IRDAI (Investment) Regulations, 2016 applicable to the ‘Demerged Company’ for the purpose of classification of investment inequity and preference shares for initial two years. Please refer to the notification for more details.
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