whether SEBI rules CAN challenge the IRDA rules?
mohit arora
(Querist) 15 April 2008
This query is : Resolved
RESPECTED SIR ,
PL HELP ME IN THIS COMPLEX LEGAL PROBLEM, I AM A LIC AGENT BUT NOW I WANT TO DO THE JOB MEANS ON ROLE OF RELATIONSHIP MANAGER IN THE AMC OF A MUTUAL FUND HOUSE. JOB MEANS EMPLOYEE- EMPLOYER RELATION . WHETHER AMC CAN OBJECT FOR MY LIC AGENCY, IF THEY ASK ME TO SURRENDER MY AGENCY OR NOT ? WHAT IS EXACT RULES OF THE SEBI IN THIS REGARD?
SANJAY DIXIT
(Expert) 15 April 2008
Dear Mohit,
Your same problem is already been resolved by the Experts Mr Manmeet & Mr Dhrumil.
According to service rules and standing orders of various companies also you can't run any agency parellel to your job.
It will be better if you take the LIC agency in the name of any other member of your family.
