Important Points for IC 99 - Asset Management Exam
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As per IRDAI Regulations, in case of reinsurers, the minimum Required Solvency Margin (RSM) is one hundred crores.
As per The Securities Contracts (Regulation) Act, 1956, Stock Exchange means - i) Any body of individuals, whether incorporated or not, constituted before corporatisation and demutualisation under Sections 4A and 4B, or ii) A body corporate incorporated under the Companies Act, 2013 whether under a scheme of corporatisation or otherwise, for the purpose of assisting, regulating or controlling the business of buying, selling or dealing in securities.
According to the Companies Act, 2013 "Listed Company" means a company which has any of its securities listed on any recognised stock exchange.
The Securities and Exchange Board of India is the regulator for the securities market in India. It was established in the year 1988. The Board has been given the statutory powers in 1992 through the Securities and Exchange Board of India Act, 1992.
The SEBI Act, 1992 is an Act to provide for the establishment of a Board to protect the interests of investors in securities and to promote the development of, and to regulate, the securities market and for matters connected therewith or incidental thereto. SEBI regulates various intermediaries in the primary market and secondary markets through various regulations.
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