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statutory corporation

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

25 November 2010 I want to know the connection b/w LIC and LIC housing financing.
LIFE INSURANCE COPERATION OF INDIA is a statutory body under the act of parliament.
Is lic housing finance subsidiary of lic

Rasesh

Rasesh (Expert)
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26 November 2010 LIC Housing is a company promoted by LIC with LIC holding 36% share capital in the company.

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Querist : Anonymous

Querist : Anonymous (Querist)

26 November 2010 SO DIRECTORS ARE APPOINTED BY LIC IN LIC HOUSING FINANCE.

Rasesh

Rasesh (Expert)
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26 November 2010 Most Probably Yes or on Govt' recommendation

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