Insurance regulator Irdai has imposed a Rs 3-crore penalty on Max Life for its share sale deal with Axis Bank, which the regulator said circumvented regulations on commission limits. The penalty is against three charges - misrepresentation to the regulator, higher-than-permitted compensation to the corporate agent, and not following fair market value in share transactions.
from Times of India https://ift.tt/AR1jnq7
via
Irdai fines Max Life ₹3 crore for Axis Bank deal
Related Posts:
Cairn ready to settle India dispute, take $1 billion refundCairn Energy Plc has said it is looking to settle its decade-long tax dispute with the Indian government following the recent amendments to the retrospective tax law. Top Crain executives have been talking to the government f… Read More
Live: Afghans protest meddling by PakistanThe Taliban announced on Tuesday a 33-member team for an interim government that will be headed Mullah Mohammad Hasan Akhund, one of the movement’s founding members who had also been foreign minister and then deputy prime min… Read More
Get your shares next day, not after 2 days from Times of India https://ift.tt/3DVVE5f via … Read More
Live: 10 crore people get Covid doses in just 13 daysNearly two weeks after Covid-19 cases exploded in Kerala immediately after Onam festivities, the state showed more signs that the pandemic was gradually receding as daily numbers stayed lower than on the same day last week. K… Read More
China changes top commander overseeing disputed borderChina has once again replaced its top military commander handling the contested border with India, in the third such change in the last nine months amid the continuing troop confrontation in eastern Ladakh since May last year… Read More
0 Comments:
Post a Comment