The Board of Life Insurance Corporation of India at its meeting held on 08 January 2024 has approved the following:
1. To invest in New Company, promoted by the National Housing Bank, for residential mortgage backed securities, through equity contribution upto 10% of the share capital, in one or more tranches.
2. The revised Policy on Selection of Auditors of the Corporation in terms of Rule 22 of the Life Insurance Corporation General Rules, 1956, inter-alia, aligning nomenclature of Statutory Auditors based on their audit assignments, viz, Corporation's Auditor, Auditors of the Zonal
Office and Auditors of the Divisional Office and also providing that, henceforth, Corporation's Auditors shall be the signatories of the Standalone and Consolidated Financial Statements of the Corporation.
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