I need to know wether a private limited company do insurance business in India ??
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Can private limited company do insurance business
Replies (3)
Dear Sashank,
A Private company cannot do the insurance business in India as per The Insurance Act, 1938
Thank you but if i form a public company, can then I do the business or there are some more conditions
Need to have approval of regulatory authority i.e. IRDA before applying for incorporation of company. If approval is sought, the company can proceed
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