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Section 19 of the Insurance Act 1938 requires every insurer (being a company) to furnish to the Authority a certified copy of the minutes of every general meeting within:
A{'text': '7 days', 'letter': 'A'}
B{'text': '14 days', 'letter': 'B'}
C{'text': '30 days', 'letter': 'C'}
D{'text': '60 days', 'letter': 'D'}
Answer & Solution
Correct answer: C. {'text': '30 days', 'letter': 'C'}
1. Section 19 prescribes a corporate-governance disclosure timeline.
2. Minutes of every general meeting must reach the regulator.
3. Within thirty days from the holding of the meeting to which it relates.
_Source: Insurance Act 1938 (incorporating amendments till 2021), noc.irdai.gov.in — "shall furnish to the Authority [a certified copy of the minutes of the proceedings of every general meeting, as entered in the Minutes Book of the insurer] within thirty days from the holding of the meeting to which it relates."_