Why consider setting up a cell in a PCC?
- No need to set up a separate company: No filing M&As, other
documents and returns with Registrar of Companies
- No need for a Board of Directors and relevant costs
- Shared Administration: For example cells may interact with the
Regulators/Authorities through the PCC's central administration
- Shared Overheads: Promoters share overhead costs with other promoters
without losing protection from insolvency of others
- No Minimum Guarantee Fund Required: Capital requirement of a cell
is substantially lower than for a separate company
- Segregaton of assets and liabilities
- Cell assets are 'insulated' from liabilities of the core and other cells
- Access to the reinsurance market for smaller investors
- Easier access to the 'Captive' market
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Learn more about the advantages of setting up a
cell
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