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Irdai cuts share transfer approval fee by 80% to ₹10 lakh for insurers

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Irdai cuts share transfer approval fee by 80% to ₹10 lakh for insurers
Photo / Coverage: Business Standard - LatestCredit: Aathira Varier
EXECUTIVE SUMMARY

Insurance regulator Irdai has reduced the share-transfer approval fee from ₹50 lakh to ₹10 lakh and clarified compliance requirements for insurer IPOs, ESOPs and amalgamations

Key Takeaways

  • Irdai cuts share transfer approval fee by 80% to ₹10 lakh for insurers.

Insurance regulator Irdai has reduced the share-transfer approval fee from ₹50 lakh to ₹10 lakh and clarified compliance requirements for insurer IPOs, ESOPs and amalgamations

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