President of India Promulgates an Ordinance; issues Regarding Ulips between IRDA and SEBI Settled

Last updated: 22 June 2010

President of India Promulgates an Ordinance; issues Regarding Ulips between IRDA and SEBI Settled The President of India has promulgated an Ordinance late last evening amending the RBI Act 1934, Insurance Act 1938, SEBI Act 1992 and Securities Contract Regulations Act 1956, thereby clarifying by way of an explanation that Life Insurance business shall include any Unit Linked Insurance Policy or scripts or any such instruments. This would set at rest all the issues regarding ULIPs betwee
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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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