Latest ads
-
Pure VPN - Up to 27 Months- vgp
- Updated:
-
Gemini AI PRO 18 months Offer- Hawaka
- Updated:
-
koko account
- DasunEranga
- Updated:
Janashakhi suspended - why?
- Thread starter thausa
- Start date
As far as i know they are having some problems with their clamming proses . Therefore they have been suspended for two weeks.
THE INSURANCE BOARD OF SRI LANKA (IBSL) SUSPENDS THE REGISTRATION OF JANASHAKTHI INSURANCE PLC UNDER SECTION 18 OF THE REGULATION OF INSURANCE INDUSTRY ACT, NO. 43 OF 2000
The Insurance Board of Sri Lanka has suspended the registration of Janashakthi Insurance PLC in respect of Long Term Insurance Business and General Insurance Business in terms of section 18 of the Regulation of Insurance Industry Act, No. 43 of 2000 for a period of three weeks with effect from 12 noon today (12th May 2009).
Accordingly, Janashakthi Insurance PLC is prohibited from issuing new insurance policies in respect of Long Term Insurance Business and General Insurance Business until the suspension is removed and informed in writing to Janashakthi Insurance PLC by the IBSL. A renewal of an insurance policy in respect of General Insurance Business is considered as a new contract/new insurance policy.
In terms of Section 18 (2) of the Regulation of Insurance Industry Act, No. 43 of 2000, Janashakthi Insurance PLC is required to fulfil its obligations for insurance policies already issued.
Until the IBSL informs otherwise, the suspension imposed hereby on Janashakthi Insurance PLC remains unchanged till 2nd June 2009.
Source : http://www.ibsl.gov.lk/IBSL.htm
The Insurance Board of Sri Lanka has suspended the registration of Janashakthi Insurance PLC in respect of Long Term Insurance Business and General Insurance Business in terms of section 18 of the Regulation of Insurance Industry Act, No. 43 of 2000 for a period of three weeks with effect from 12 noon today (12th May 2009).
Accordingly, Janashakthi Insurance PLC is prohibited from issuing new insurance policies in respect of Long Term Insurance Business and General Insurance Business until the suspension is removed and informed in writing to Janashakthi Insurance PLC by the IBSL. A renewal of an insurance policy in respect of General Insurance Business is considered as a new contract/new insurance policy.
In terms of Section 18 (2) of the Regulation of Insurance Industry Act, No. 43 of 2000, Janashakthi Insurance PLC is required to fulfil its obligations for insurance policies already issued.
Until the IBSL informs otherwise, the suspension imposed hereby on Janashakthi Insurance PLC remains unchanged till 2nd June 2009.
Source : http://www.ibsl.gov.lk/IBSL.htm
un bankoloth machan.....oka thamai hama business karayektama wenne!! 
due to lanka current situation....!!! there quarterly accounts shows minus. so the insurance board of SL have given then 3 weeks to recover or else....they have to closed down there operations.
what will happend to those who work there???
mewa thamai ratey prashna.....!!! moka monawa kiuwwath rata nam dan enna ennama chaaa weigana yanawo....!!! apart from war we have to think..!!
due to lanka current situation....!!! there quarterly accounts shows minus. so the insurance board of SL have given then 3 weeks to recover or else....they have to closed down there operations.
what will happend to those who work there???
mewa thamai ratey prashna.....!!! moka monawa kiuwwath rata nam dan enna ennama chaaa weigana yanawo....!!! apart from war we have to think..!!
DANEWMEN said:un bankoloth machan.....oka thamai hama business karayektama wenne!!
due to lanka current situation....!!! there quarterly accounts shows minus. so the insurance board of SL have given then 3 weeks to recover or else....they have to closed down there operations.
what will happend to those who work there???
mewa thamai ratey prashna.....!!! moka monawa kiuwwath rata nam dan enna ennama chaaa weigana yanawo....!!! apart from war we have to think..!!
Danata keeyak wehilada, loka arthikaya lankawata balapewe ne wediya, meka karanda danthi kame prathi wipaka thamai me, goda emak ne
Only issuing new insurance policies has been prevented from this suspension.
And CSE also has temporaly stopped trading Janashakthi shares in the share market.
Janshakthi is discussing with IBSL to remove this prohibition.
MORE >>>
source: Lanka Business Online
Hope it will be solved out soon.
And CSE also has temporaly stopped trading Janashakthi shares in the share market.
Janshakthi is discussing with IBSL to remove this prohibition.
MORE >>>
source: Lanka Business Online
Hope it will be solved out soon.
He's retired and his son is the MD of Janashakthi nowjayanthah said:
However this is not a good sign for our economy.
DANEWMEN said:un bankoloth machan.....oka thamai hama business karayektama wenne!!
due to lanka current situation....!!! there quarterly accounts shows minus. so the insurance board of SL have given then 3 weeks to recover or else....they have to closed down there operations.
what will happend to those who work there???
mewa thamai ratey prashna.....!!! moka monawa kiuwwath rata nam dan enna ennama chaaa weigana yanawo....!!! apart from war we have to think..!!
what is going to happen share holders ?? people who have insurance with them ??
CoolCartoon said:
what is going to happen share holders ?? people who have insurance with them ??
share holders latanam sure na...!!
people who have insurance will have an solution from the insurance board.
jayanthah said:
never know machan, chandra schafter is an good man. but not sure about this LTTE link...!!
westpra said:
aka thamai machan, ratey prashna kiaynne owa thamai...!!!
arthikayak nathi ratakata goda aamak naa....!!! amadama pinata illanna bane machan....!!! mokada gaththa awath gewanna epai...!!!
