The Reserve Bank of India in April allowed HDFC Bank or HDFC Limited to increase the shareholding in HDFC Life to over 50%.Īt the end of the fourth quarter last fiscal, HDFC held a 48.65% stake in HDFC Life. Notably, the Competition Commission of India in its meeting held on June 20 granted its approval for HDFC to increase its stake in HDFC Life to more than 50%. levels to higher levels with increase in status and salary it is called.
“We wish to inform you that the Insurance Regulatory and Development Authority of India ( IRDAI) vide its letter dated June 23, 2023, has granted its approval for transfer of shares of HDFC Life, from HDFC Limited to HDFC Bank in view of the proposed amalgamation, in terms of Section 6A of the Insurance Act, 1938,” it said.Īlso read: Blockchain & AI can help identify fraudulent claims automated, proactive claims settlement ultimate aim Actual HRA amount received from your employer. 10 (i) (iv) is a financial statement which sets out assets and. The insurance company also informed that Irdai has granted its approval for HDFC Limited to acquire additional shares in HDFC Life so as to hold more than 50% of its total share capital. HDFC Life informed the stock exchanges that it had deposited Rs 250 crore under protest with the tax authority in this matter in the past. HDFC Life Super Income Plan:This is a non-linked, participating, limited pay, money back plan that provides guaranteed benefits in addition to investment. The Mumbai Zonal Unit of Directorate General of Goods and Services Tax Intelligence has sent the notice to the private insurer pertaining to the period of July 2017 to FY2022.
The company said this is an industry-wide issue and it will be taking appropriate steps in due course to reply to the show-cause notice and contest the matter. Reliance Capital to infuse Rs 200 cr into insurance arm
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