07-Oct-2026 17:49:05
VEDAVAAGExpansion
VEDAVAAG SYSTEMS LIMITED : EXPANDS INTO INSURANCE BROKING
• Vedavaag Financial Insurance Broking Services Private Limited, a wholly owned subsidiary, received in-principle approval from IRDAI to act as a Direct Insurance Broker (Life & General). • The subsidiary must comply with several conditions before the certificate is issued, including surrendering existing licenses, raising capital to ₹75 lakhs, and creating a fixed deposit of ₹10 lakhs. • Additionally, the subsidiary must provide various certificates and undertakings and pay requisite fees of ₹10,000 plus GST within 15 days.
VEDAVAAG Systems Ltd
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