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Standard Capital Markets gets nod to incorporate subsidiary company
May-09-2024

Standard Capital Markets has received approval for incorporation of a Subsidiary Company in the name and style ‘Standard Insurance Broking’ or such other name as may be approved by the Central Registration Centre and/or Ministry of Corporate Affairs.

The subsidiary company once incorporated will be related party of the Standard Capital Markets. The Subsidiary is incorporated to act as a Direct broker under the Insurance Regulatory and Development Authority of India (Insurance Brokers) Regulations, 2018 as amended from time to time. The Board of Directors of the Company at its meeting, held on May 08, 2024, inter-alia, considered and approved the same. 

Standard Capital Markets is a Non-Banking Financial Company.


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