SC: Under RTE Act, States Cannot Justify Low Teacher Pay by Citing Centre’s Failure to Release Funds || Supreme Court: While a Child’s Welfare is Paramount, It is Not the Sole Factor in Custody Disputes || Supreme Court: High Court Cannot Reject a Plaint While Exercising Jurisdiction under Article 227 || SC: Merely Leasing an Apartment Does Not Bar a Flat Buyer’s Consumer Complaint Against the Builder || Delhi HC: Unproven Adultery Allegations Cannot be Used to Deny Interim Maintenance under the DV Act || Bombay HC: Storing Items in a Fridge isn’t Manufacturing and Doesn’t Make Premises a Factory || Kerala HC: Disability Pension is Not Payable if the Condition is Unrelated to Military Service || Supreme Court: Award Valid Even If Passed After Mandate Expiry When Court Extends Time || Jharkhand HC: Regular Bail Plea During Interim Bail is Not Maintainable under Section 483 BNSS || Cal HC: Theft Claims and Public Humiliation Alone Don’t Amount To Abetment of Suicide U/S 306 IPC

Dividend criteria for equity investment under "Approved Investment"- (Insurance Regulatory and Development Authority) (31 Mar 2021)

MANU/IRDA/0033/2021

Insurance

Considering the representations made by Life and General Insurance Councils, the Authority in exercise of the powers conferred under Regulation 14(2) of the IRDAI [Investments] Regulations, 2016, hereby permits Insurers to classify investments in Preference Shares and Equity Shares as a part of "Approved Investment" if such Shares have paid dividend "for at least 2 years out of 3 consecutive years immediately preceding" instead of "for at least 2 consecutive years immediately preceding" [as required under Regulation 3(a)(4) and 3(a)(5) of IRDAI (Investment) Regulations, 20160 for the period from 1st April, 2020 to 30th Sep, 2021.

Tags : DIVIDEND CRITERIA EQUITY INVESTMENT APPROVAL

Share :