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IRDAI fines Bajaj Allianz General Insurance Company Ltd.

April 17, 2021 1020 Views 0 comment Print

The inspection, inter-alia, revealed that the insurer had been transacting motor insurance business through certain Automobile Dealers without appointing them as Motor Insurance Service Providers (MISP) to distribute and/ or service motor insurance policies. Based on the motor insurance premium register for the period 1st November, 2017 to 31st January, 2018, submitted by the insurer during the inspection, it was observed that the insurer had transacted the insurance business through automobile dealers who were not appointed as MISPs.

Extension of ad-hoc appointment of 174 officers to JCIT grade

April 16, 2021 1194 Views 0 comment Print

Office Order No.103 of 2021 [Extension of ad-hoc appointment to the grade of JCIT from 01.01.2021 to 31.12.2021 or till these officers are appointed to the grade of JCIT on regular basis, whichever is earlier] F. No. A-3201211212019-Ad.VI Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes} ***** North Block, […]

IRDAI fines ‘Liberty General Insurance Limited’ for violating MISP Guidelines

April 16, 2021 918 Views 0 comment Print

Insurance Regulatory And Development Authority of India  Ref: IRDA/NL/ORD/MISC/91/04/2021 Order in the matter of M/s Liberty General Insurance Limited. Based on the (i) Show Cause Notice (SCN) reference no. IRDAI/NL/Liberty/ SCN/207/2020-21 dated 29th September, 2020 in connection with onsite inspection by Insurance Regulatory and Development Authority of India (the Authority or IRDAI) from 30th July, […]

IBBI found IP not guilty of misconduct despite Delay in preparation of Information Memorandum

April 16, 2021 1326 Views 0 comment Print

The DC notes the submission of Mr. Nagarajan that the CIRP of Cethar Ltd. was very complex and the promoters of the CD took advantage of the gaps from date of order of the CIRP to the date of appointment of IRP and moved the documents and records of the CD out of his reach […]

Delhi imposes weekend curfew & tougher weekday restrictions

April 15, 2021 2718 Views 0 comment Print

i. All Shopping Malls, Gymnasiums, Spas, Auditoriums, Assembly Halls, Entertainment Parks and similar places will be closed in Delhi. ii. Cinemas/Theatres/Multiplexes will be permitted to open with 30% of their seating capacity.

Linear Alkyl Benzene (Quality Control) Order, 2021

April 15, 2021 1029 Views 0 comment Print

Goods or articles specified in column (1) of the Table below shall conform to the corresponding Indian Standard given in column (2) of the said Table and shall bear the Standard Mark under a licence from the Bureau of Indian Standards as per Scheme-I of Schedule-II of the Bureau of Indian Standards (Conformity Assessment) Regulations,

IRDAI Penalises SBI General Insurance Company Ltd.

April 15, 2021 741 Views 0 comment Print

IRDAI Penalises SBI General Insurance Company Ltd. for Non-Compliance with minimum obligations under Motor Third Party business as specified in IRDAI (Obligation of Insurer in respect of Motor Third Party Insurance Business) Regulations, 2015 for the financial year 2017-18

New Break The Chain Guideline for Maharashtra wef 14.04.2021

April 13, 2021 23751 Views 0 comment Print

a. Essential services shops to operate while ensuring Covid Appropriate Behavior (CAB) by owners, staff working there at as well as customers in the shop premises. b. Essential shops owners and person working at all shops to get vaccinated at the earliest, as per criteria of GOI. All shops are advised to follow safety measures like interaction with customers through a transparent glass or other material shields, electronic payment etc.

MAHARERA: Composition of Steering Committee notified

April 12, 2021 999 Views 0 comment Print

In order to bring a certain level of consistency in the practices of real estate agents, enhance knowledge and awareness of regulatory framework and practices, enforcement of code of conduct and to discourage incompetent agents, it is proposed to introduce Basic Capacity Building and Certification for Real Estate Agents. In this regard, a Steering Committee is being constituted to advise and provide recommendations for implementation ot this initiative. The composition of the Steering Committee shall be as follows:

Reg. over-valued export of glass beads under erstwhile DEPB Scheme

April 9, 2021 654 Views 0 comment Print

All officers should take note of the following observations of Hon’ble CAT (PB), New Delhi made while disposing matter related to over-valued export of glass beads under erstwhile DEPB Scheme:

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