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The same is ensured based on submissions received from the transfer agents. 2) In Annexure B, there are no Board approved limits. Hence, the sectoral/statutory cap of 74% prescribed by Government/Regulatory Authorities for insurance sector is mentioned. 3) Shareholding of the Independent directors is included in Resident individuals holding nominal share capital up to Rs. 2 lakhs. 4) Shareholding of Managing Director & Chief Executive Officer is included in Directors and their relatives (excluding independent directors and nominee directors). 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