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sonam patil (Querist)

23 July 2012 Hello Sir,

Please Anybody provide me the MOA Draft of co. The Co. main Object is advise to all business activity .Suppose my Co. name is ABC Advisors Private Limited.
Advisors related to Brokrage, Business Insurance activity.

Ajay Mishra

Ajay Mishra (Expert)

23 July 2012 Hi

Main objects of Insurance Company

1. To carry on the business of fire accident, indemnity and general insurance company, and insurance in all branches excepting life assurance) and especially in relation to motor vehicles and motorists and to grant or effect assurances against or upon the contingency of injury, damage or loss by reasons of accidents of any description to human beings(excepting insurance against accidents terminating fatally) and to grant or effect insurance against or upon the contingency of injury, damage or loss by reason of accidents of any description to human beings (excepting insurance against accidents terminating fatally), and to grant or effect insurance against or upon the contingency of injury, damage or loss by reason of accidents of any description to real or personal property of any kind. To grant insurance against or upon the contingency of injury, damage or loss occurring to motor vehicles and to the real and personal property of motorists and motor vehicle clubs, caused by or resulting from fire, lightning, explosions, tempests, or the overflow or inundation of water, or from any other accidental cause. To grant assurances to protect and to indemnify owners of motor vehicles against claims by the public for personal injuries and damage to property caused by their drivers and to make good to the insured damage to their property produced by collision with houses, vehicles, cycles or motor vehicles of others, and to grant policies or other instruments of insurance indemnifying owners against loss or damage to their motor vehicles by accidents, fire and theft. To reinsure or counter-insure any of the risks undertaken by the company and to effect as agents for others assurances of every kind and against every and any contingency ( excepting life assurance ). To carry on the business of fire insurance in all its branches and to grant insurance against injury or damage to or loss of property directly or indirectly caused by or resulted from fire, lightning or explosion.

2. To carry on establish, organise, manage, promote, provide, operate, conduct and develop life insurance and general assurance business in all its branches and manifestations in India or elsewhere and for this purpose to operate various schemes including whole life insurance, endowment insurance, double benefit and multiple benefit insurance, medical insurance, fire, riots, earth quake, natural calamity or crop insurance, limbs and organ insurance, annuity plans, gratuity plans, fixed income plans and such other schemes and plans as may be considered expedient and necessary from time to time.

3. To act as agents, representatives, surveyors, sub-insurance agents, franchisers, consultants, advisors, collaborators in life and general insurance.

4. To engage in all activities which are incidental and allied or related to insurance business and for this purpose to apply, approach, acquire, hold and procure such rights, titles entitlements, licences and permissions from Government, Semi Government, local authorities, public bodies, undertaking and from such other authorities as may be necessary and expedient.

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