IRDA, Insurance , Corporate Law Articles, Notification, News and Circular

IRDA/CAD/ GDL/AGN/016/ 02/2011, dated 11-2- 2011 regarding 'Guidelines for Individual Agents for Persistency of Life Insurance Policies'. In partial modification to Clause III (e) of the said guidelines, it is clarified that the requirement of Insurers to endorse the record referred to in the said clause is now dispensed with. It may, however be noted that maintenance of records of policies sold and their persistency on a year to year basis needs to be complied by all ag.. Full Article

I don’t want to comment about other judges but I became a judge in the Supreme Court in 2006 and shortly after, I gave a judgment in which I said that the judges must know their limits and not behave like emperors. They must not try to run the government; judges must not ordinarily encroach into the domain of the legislature or the executive. Judges must know their limits, they must be restrained, particularly in economic and social matters. When it comes to civil libe.. Full Article

INTRODUCTION: Extract reproduced below from ‘Walk the Talk’ on NDTV 24×7 with The Indian Express Editor-in-Chief Shekhar Gupta, former Supreme Court judge and now chairman of the Press Council of India, Justice Markandey Katju, talks about ‘judicial overreach’ and ‘media excesses’ (posted on Indian Express website: Tue Oct 18 2011, 03:52 hrs) Full Article

The time has come for all the stakeholders in the growth of Indian economy to come forward and launch a national movement to build a culture of competition so as to promote innovation, entrepreneurship and inclusive growth and to be part in ushering second generation of reforms. This was stated by the Minister for Corporate Affairs, Dr M Veerappa Moily at the Conference on Building Full Article

GOVERNMENT OF KERALA Labour and Rehabilitation (E) Department NOTIFICATION G 0. (Ms.) No. 107/2011/LBR.   Dated, Thiruvananthapuram, 9th August, 2011. S. R. O. No. 528/2011.—In exercise of the powers conferred by clause (a) of sub-section (1) of section 3 of the Minimum Wages Act, 1948 (Central Act XI of 1948) read with sub-section (2) of section [...] Full Article

The Authority proposes to issue the Regulations on Bancassurance Agents to be called as IRDA (Licensing of Bancassurance Agents) Regulations, 2011. Accordingly, the Authority has prepared the Draft Regulations for the same. In this regard, comments/suggestions of all stake holders on the Exposure Draft are invited. Full Article

The Insurance Regulatory and Development Authority has introduced a mobile application that enables one to compare insurance products and premium rates. The application currently lets users of mobile phones/devices with internet connectivity check and compare features of Unit Linked Insurance Policies (ULIPs) introduced on or after 1st September, 2010. Full Article

The Supreme Court today granted bail to five top executives allegedly involved in the 2G scam, raising the possibility of similar relief for former Telecom Minister A Raja, DMK MP Kanimozhi and 10 other accused cooling their heels in Tihar Jail here for more than six months. Unitech Limited MD Sanjay Chandra, Swan Telecom Director [...] Full Article