Can private limited company do insurance business

SHASHANK AGARWAL (self employed) (114 Points)

08 March 2014

I need to know wether a private limited company do insurance business in India ??

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3 Replies

Anjan (Chartered Accountant) (69 Points)
Replied 08 March 2014

Dear Sashank,

A Private company cannot do the insurance business in India as per The Insurance Act, 1938

SHASHANK AGARWAL (self employed) (114 Points)
Replied 08 March 2014

Thank you but if i form a public company, can then I do the business or there are some more conditions

CS MOHIT SALUJA (PRACTICING CS Jalandhar 9914558709) (5155 Points)
Replied 17 January 2015

Need to have approval of regulatory authority i.e. IRDA before applying for incorporation of company. If approval is sought, the company can proceed

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