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IRDA Regulations: Transfer Of Equity

Published on Tue, May 19,2015 | 19:19, Updated at Tue, May 19 at 19:19Source : Moneycontrol.com 

The Insurance Regulatory and Development Authority of India (IRDA) has notified the IRDA (Transfer of Equity Shares of Insurance Companies) Regulations, 2015 (Regulations) (effective from 15 April 2015 being the date of publication in the Official Gazette) on 5 May 2015.  

The Regulations govern transfer of equity shares of insurance companies and prescribe conditions where transfer of equity shares would require prior approval from the IRDA (and the Foreign Investment Promotion Board in cases falling under the approval route) and lay down the procedure in this regard.  

This EY alert summarizes the key features of the Regulations issued by the IRDA.

Attachments : IRDA Regulations - Transfer of shares - EY Report.pdf
 
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