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Archive: 25 July 2025

Posts in 25 July 2025

IRDAI’s 2024 Corporate Governance Rules for Insurers

July 25, 2025 1875 Views 0 comment Print

Overview of IRDAI’s 2024 Corporate Governance Regulations for Insurers, covering board composition, committee structures, KMP appointments, compliance, and ethical frameworks for the insurance sector.

BIMA Applications Supported By Blocked Amount (BIMA – ASBA)

July 25, 2025 711 Views 0 comment Print

Learn about Bima-ASBA, IRDAI’s new facility for insurance premium payments. This mechanism blocks funds in a prospect’s account via UPI, debiting only upon policy acceptance, offering a secure and efficient process.

IRDAI (PPHI, Operations & Allied Matters of Insurers) Regulations, 2024 (Advertising)

July 25, 2025 2505 Views 0 comment Print

Summarizing IRDAI’s 2024 regulations on insurance advertising, this text covers definitions, mandatory disclosures, prohibitions, approval processes, and the roles of advertising and product management committees in ensuring fair and transparent practices.

Indisputable Clause In Insurance Policy

July 25, 2025 924 Views 0 comment Print

Learn about the indisputable clause in Indian insurance policies, including Section 45 of the Insurance Act, 1938. Understand how it limits an insurer’s ability to challenge a policy after three years, focusing on fraud and material misrepresentation.

Digital Personal Data Protection Act 2023 Overview

July 25, 2025 3903 Views 0 comment Print

A comprehensive summary of India’s DPDP Act, 2023: covering consent requirements, data fiduciary obligations, data principal rights and duties, rules for children’s data, cross-border data processing, and key exemptions.

Corporate Governance for NCD Listed Companies: Committees & Compliance- Part B

July 25, 2025 636 Views 0 comment Print

Practical guide to corporate governance for NCD-listed companies, detailing committee compositions (Audit, Nomination, Stakeholder, Risk Management), meeting requirements, and vigil mechanisms for compliance and accountability.

CAAR Ruling on Areca & Roasted Nuts Classification and Import Rules

July 25, 2025 1515 Views 0 comment Print

CAAR Mumbai addresses classification of roasted cashew, areca, almond, and pista nuts, considering judicial precedents and HSN Explanatory Notes.

CAAR Rejects Areca Nut Ruling Plea by Infinity Export

July 25, 2025 198 Views 0 comment Print

CAAR Delhi rejects Infinity Export’s advance ruling plea on roasted areca nut classification due to repeated non-appearance at scheduled hearings.

RBI includes Deogiri Nagari & Ahmednagar Merchant’s Bank in Second Schedule

July 25, 2025 612 Views 0 comment Print

RBI includes Deogiri Nagari Sahakari Bank and Ahmednagar Merchant’s Co-op Bank in Second Schedule of the RBI Act, 1934, per notifications dated July 25, 2025.

Corrigendum to DGFT Notification No. 40/2024-25 dated 26.11.2024

July 25, 2025 843 Views 0 comment Print

DGFT issues corrigendum to Notification No. 40/2024-25, correcting export order reference from S.O. 7624(E) to S.O. 5068(E) under FTP 2023.

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