Sehwag1830 Posted December 13, 2011 Posted December 13, 2011 The provisions provide for levying a penalty not exceeding Rs 5 lakh for each violation. Since Reliance General Insurance had already sold 3,50,000-and-odd policies by that time, each policy sold constituted a violation. The entire fine would have amounted to a maximum of Rs 17,500 crore. http://www.firstpost.com/business/reliance-insurance-rs-17500-cr-potential-fine-settled-for-rs-20-lakh-154746.html
Stuge Posted December 13, 2011 Posted December 13, 2011 Rs17,500 cr would have made reliance go bankrupt .
punjabi_khota Posted December 13, 2011 Posted December 13, 2011 thats just 2 antilla's and some chillar :dontknow:
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