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Extension of time to comply with Standards & Benchmarks for Hospitals in Provider Network

July 24, 2020 417 Views 0 comment Print

INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA Ref. No:IRDAI/HLT/REG/CIR/199/07/2020 Date:24-07-2020 To All Insurance Companies and Third Party Administrators Re: Extension of timelines to comply with the Standards and Benchmarks for the Hospitals in the Provider Network 1. Reference is invited to Chapter IV of the Guidelines on Standardization in Health Insurance under Section 1 of […]

RBI on Treatment of Unrealised gain/loss on a derivative transaction

July 24, 2020 2859 Views 0 comment Print

On a review, it has been decided that the unrealised gain/loss on a derivative transaction undertaken for hedging may be offset against the unrealised loss/gain recognized in the capital (either through Profit or Loss or through Other Comprehensive Income) on the corresponding underlying hedged instrument.

Format of Report for Code of Conduct violations under PIT Regulations

July 23, 2020 5835 Views 0 comment Print

Reporting to Stock Exchanges regarding violations under Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015 relating to the Code of Conduct (CoC).

SEBI allows OFS & RE transactions during trading window closure period

July 23, 2020 549 Views 0 comment Print

It has been decided that in addition to the transactions mentioned in Clause 4 (3) (b) of Schedule B read with Regulation 9 of PIT Regulations, trading window restrictions shall not apply in respect of OFS and RE transactions carried out in accordance with the framework specified by the Board from time to time.

Sovereign Wealth Fund notified | Section 10(23FE) | Income Tax

July 22, 2020 7974 Views 0 comment Print

Specified person for this purpose has been defined to mean wholly owned subsidiaries of Abu Dhabi Investment Authority (ADIA), notified Sovereign Wealth Fund (SWF) and notified Pension Funds (PF), which fulfil conditions specified in the clause or to be prescribed for the PF.

Investments by mutual funds in Corporate Bonds/Commercial Papers

July 22, 2020 1092 Views 0 comment Print

In order to enhance the transparency and disclosure pertaining to debt schemes and investments by mutual funds in Corporate Bonds/Commercial Papers, SEBI based on the recommendation of Mutual Fund Advisory Committee (MFAC) has decided the following:

Consolidated Guidelines on Product filing in Health Insurance Business

July 22, 2020 2472 Views 0 comment Print

Insurance Regulatory and Development Authority of India Ref: IRDAI/HLT/REG/CIR/194/07/2020 22nd July, 2020 All Insurers (excluding specialized insurers) and TPAs, wherever applicable Sub: Consolidated Guidelines on Product filing in Health Insurance Business  1. Objective: 1.1 The extant IRDAI (Health Insurance) Regulations 2016 were notified on 18th July, 2016 superseding IRDA (Health Insurance) Regulations 2013. 1.2 The […]

Filing of Statement of Deviation or Variation in XBRL Mode by Companies

July 21, 2020 4287 Views 0 comment Print

The disclosure to the Stock Exchange(s) shall be made by listed entities on quarterly basis along with the declaration of financial results (within 45 days of end of each quarter / 60 days from the end of the last quarter of the financial year) until such funds are fully utilized or the purpose for which these proceeds were raised has been achieved.

SEBI reviews Stress Testing Methodology for Positions with Early Pay-in

July 21, 2020 471 Views 0 comment Print

While calculating the residual losses as per ‘d’ and ‘f’ above, for positions on which early pay-in are given by the clients/brokers, and margin exemption are granted on such positions, CCs are permitted to consider the ‘margin exemption granted’ or ‘value of early paid-in goods’, whichever is lower, as ‘margins supporting those positions

Filing of ‘Corona Kavach Policy’ as group health insurance product allowed

July 21, 2020 624 Views 0 comment Print

All the general and health insurance companies (insurers) were mandated to offer Individual Covid Standard Health product, Corona Kavach Policy. Insurers are hereby allowed to offer Corona Kavach Policy as group product by duly complying with the norms specified.

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