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IRDA Guidelines On ‘Indian Owned & Controlled’

Published on Mon, Oct 26,2015 | 17:43, Updated at Mon, Oct 26 at 17:43Source : 

On 19 October 2015, the Insurance Regulatory and Development Authority of India (IRDA) published guidelines on 'Indian owned and controlled' (Control Guidelines).
The Control Guidelines have come into effect on 19 October 2015 (Effective Date) and require compliance by existing Indian insurance companies (IICs) within 3 months from the Effective Date. IICs which come into existence after the Effective Date are required to comply with the Control Guidelines before grant of registration by the IRDA.

This Khaitan & Co alert details the new requirements.
Attachments : IRDAissuesKCOERGONewsflash.pdf

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