Insurance Regulatory and Development Authority (Investment) (Fifth Amendmen

Document text

~ .io ito 11,('lo-33004/99 REGD. NO.D. L.-33004/99 -- ohl ~he <5a~ette of ~ndia a:lftlQHUI EXTRAORDINARY 'qTTIIII~ 4 PART III-Section 4 Ylflilq;H ~ Y<lil~ld PUBLISHED BY AUI'HORITY "ff. 51] No. 51] ~ ~. ~. ~ 18, 2013/llllf 29, 1934 NEW DELID, MONDAY, FEBRUARY 18, 2013/MAGHA 29, 1934 ;ff1l1 flilf.tq1qq; 3i\t ~ g1flil,.;,01 3ifli!(j_tl'fl . ~.16~,2013 (~)(~~)~. 2013 -q;r_ "fi. lit.ilf.ilf.vr.131Tffilt11611412013.- "l1U 2111:, 27'i\, 2Tit am: .ftl!T an'-lm'tl, 1938 (1938 ,;;i 4), ,m"l'f,(1JT -er; 11411; -er; WU~~ ,;;i m <li«1 ~. -afti:n \4<11~'1>1\ .,fl:!fu ,r; m,. f<f;;r,;-1'Pm -if f-,,.lfMP.'lct ~ it 3lflT mrr,r,, ~ -er; IBll; -aft>., filf-1'-tl'<'I> am:~ >llf~ (f.rem) ~. 2000, 16 3i'IB!, 2000 -..,'t '11U! -er; m it an~ ml am: = -er; m it~ 2001 -..,'t mnf"llf ml i, 3lflT 2 3W<'I, 2002 -..,'t = -er; m it ffl'R ml i am: 3lflT 11' ffl'R 5 "f'lq'U, 2004 3m: 3lflT 31 ~, 2008 "'I>! ffl'R ml i 3m: 3lflT 8 'lITTft, 2013 11' ffl'R -q; ~ :- 1. ~ = 3i\t vrN: I. (I)~ f.rr>if-..,'t -afti:n f'lf-1'11'1'1> ~~,ITT~ (f.rem) (~ ffl'R) ~. 2013 "'l>ol "11 Wl>lll i I < 2) cf m it ~ ~ <!ft orm,i -q; """' it m ~ 1 2. "~ <liT Wlfir" <liT qfhw111 <t ~ : f.!'-t1R 2 -afti:n f'lf-1'-tl'<'I> ~ ~ ~ (f.rem) ~. 2000, f-,"1fMfoM <f>. "\41« ~fa.-.1fsct f'l>'ll ~ :- 2. ~ f.rr>if ll, o!<1 (!<I, flo "\-l's:'l "ll·~ 31'1f!l«P! ~.- (q;) -afti:n an'-lm'tl, 1938 < 1938 qi! 4 l • an>Tf.r'-t>:I' ("&) f.rem 311'-t, f.r;i,'\ -q; <'IT'!~ f.rem ~< qfl-ql(1'1 -11f't;~/llT'q'! "'R <ITT~" qi! 311'.f i I 662 Gl/2013 (I) 2 THE GAZETTE OF INDIA : EXTRAORDINARY .frm fclf.l41'1cfi m fclcfiFH ~ (f.:rchr) fclf.l4<H, 2000 c); fclf.l4'1 2 f.l.1-.i fl;! ffil c1 4i" ~ ~ fcl;m .ii I Q • 11: - ,,qftmwnv 2 ~ f.l4;,:fi *, ~ ({qi° ~ ~ ~ 3r.-4'trr ~ o-f ~, - (cfi) •itfftlf-'<1'1 1-.frJ:rr ~, 1938 (1938 cfif 4) 8if) "lr.r cfi't Mfilc[f;\" cfif rt t f.:r<hr qz 3ml, <H1"1,.c.l f.:rchr ~ f.m;r1 t.mr., qz ~ · m q~i:m>1il 3flm~; (-r) "RT 11,.,.., ·c~) cfif rt t ~ ~ c); ~ H m«=r c); mti <!cfil.3tc;,,H mr.-r ~ ft:lq;1\'{~1 ~ t m cj;q.:fl- ~ 1956 c); ~, ~. ,H,(cf,F( ~ ~, 4T ~ 3fl 3«1,(lfil4il.fl ~ c); 3itfr.=r <la'l'R'"dl"Q" ~. ~: cer) ",;11fil..,,<01 • cfif rt t oft..rr fclf.l4,.,_,"' m fclcfi1,H ~ ~'- 1999 ~ mu 3 ~ 3'q" - mu (1) (1999 cfif 41) c); ~ ~ .frJ:rr fclf.l41J-1cfi iJci fclcfi1-H ~; (g:) "fa«fl:q ~ cfif rt t q,q....-( c); ~ * ~ ma-c;r (fclf.l<.1J-1cr1) ~, 1956 ~ mu 2 c); mu(t!1!) c);- ~ ~ ~ Jiam~a 'Qqi" .3r.'l-.it:r t ;;n- ~ .:, m-4", ;f[D'f ~ m ~ ~ c);- 3r.-4' &ll,q....-1 .3r.'l-.it:r * .,;am~a ~ ~ ~ ~ ~ ~ ~ ;;n- ~ ~ ~ ~ - ~ qz ~ fcl;m ;;rr ~ t, ~ ~ fcl;m ;;rr ~t; (if) 11~• cfif rt e;: c;)" 4T ~ ~ .wtcfi c<.lfcJ-a.U1, c4fcf:c1.Qi cfif m:T, <i,qf.l.ut ~, ~, m cfit4nc f.lcfi1.u1, m ~ ~ ti:ii).:ilil t, ;;n- ~ ~ m lffi!ff ~ ~ ("Q"Q'",H" )2 * ~ ~ 3r.-4' m:r., cfilcinc f.'lcfil4, :m-trr m .-<.IIB m (ii) cmFcJ-a:ii, cfif m:r ~ ~ ~ ~ m ~ - ~ ~ r.i:ii.,_,, c);- ~ ~ ~rr ~rr · c);- ~, ~ ~ qz J-lt;('clq_°' ™ m I f.l,j-:401, .3ITT-r ms .,m cfif 3q;ii)a1 ~ ~"-1'1 3q;ii'ia1 ~ ~ * ~ c);ft;t-Q- mrcrr ~ ~ ;;m,r e;; (6") "~T cfi't :ti q f&:I" cfif rt ~ f.l M fi;!ffil c1 * ~ fcl;m of"-lf f.:rchr [ 'WT III-~ 4 l (qi) -!•ff ~.ft~ .1-11!;,1o1, 1tt - ~ fi;l'cfg .ft'd-11 cfiFt)islH cfiT 1tt -· ~ ~. ~ cfiT 3-ll•ftc.rfl m- 3-ll•ftc.lfl 'Cfis Qil~e1 ~ * 3ITtlR" 'Cf'{ ~ m * 3r.'RIR" "~ * tr.=r; .:, 8:ll") c;itl~a ~ * 3ITtlR" 'Cf'{ ~ * tr.=r, ~r.=r, c11fii~ &11q1< 3lR ~ &11q1~; (d'f) •~ ij;" ~ fi;l'cfg ift".1-iT cfiFl'1is1Fl ij;" ~ ~ ~ ilraR" ~ 'Cf'{ 3ft" fcf;- ~ f.:l<-1.1-11 ij;" ~ ~ ~ 'Cf'{ ;;rrfr fci;v dW ~lT - ~ll*~ (cfi") t11~,Eft .1-11!;;1o1 3lR c;itl~a ~ 'Cf'{ ~ 'Cfis * 3ITtlR" 'Cf'{ ~ "~ cfiT tr.=r *~~~"fie ~&1<-11 mrr ~ ~ .fr.I-IT ~f.:1./.11.1-icfi 3lR ~cfiltl ~ (.fr.1-11 .j,qf.:14, cf;I- ~m'1<.1 clcfc164, ·! 3lR ~ ~ cf;r- fttAf" ~) ~f.:l<-1.1-1, 2000, ~ ~ e./.1"./.1" "frll\q; ~~ d-l'cl" cf,) o.)scfi{I c;;f) J-iW ilr;;JR" ij;° 3qcf,{UI . .:, 1'l?J ilr;;JR" ij;" ~ ~ ~ ~ ij;" Q;s Rlo1cfil q~q<fcle1I ~ 't!cfi" ~ ~ ~ .:, .:, 't!cfi" ~ ~ ~ ~ ~. tl.l-llaat1 cfiral'f ~: tld-llaat1 3qcfi{v11 f.:IJ-o-t~Ri!a ~ : 1. m!t (~ 'i,Fllicfio1 f.!lim Jll$Qo1,l1 QJl!fl<.1i) ij;" ~ cj-,,'l'f'e1 't!cfi" ~ ~ ~ ~ J.J.:1"<-licfiir! ;;:J'J-iT ~ c;i.1-1101q:,1, _1999; 2. c11fu1R<.1cfi m!t (~ 'i,Fllicfio1 f.!lim 3t.,.,!,l~-Qo9~-,,-l>r~ QJi!fl<.1i) * ~ cj-,,~'f'e1 't!<fi" ~ ~ ~ c.:_cl'RT tts° ~,1999; 3.~. ft:cm' ~ 4. q,)1111•11{ f.rn" s. m, ~, .i:!'l<-11&1 ~ 6. ~ f.:l<-1.l-l'i cf;I- 3tir!~41 I c'ftrrll ij;" 3r.'RIR" .f1'1JIQl'l.;IT . .:, ·,-; .:, 7. ~ 3-ti'./.I 3qcfi{U I ij;" ~ ~ ~ c.:_cl'RT ~ f.!lim ~ tlCliC1T ~ c~ •·c;i).1-1kr· cfiT m ~ .mt~ * 2 * ~ (lrn') (~ cf;r- ;;frcr.:r .fr.I-IT c:jiqf.:l:ii1 c.:_cl'RT ;;rr'fr) \af.:l<-1.1-12011 ij;" ~ ~ 2(lrn') ~ ~ci \.l)J.l)c{ ~ 3 4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART lll-SEC, 4] (31") II~~• CfiT rl t ~ 3fT &1fcf:c1 qi)- '(lcfl .fp:rr ~ ~ ~ ~ ~ ~ g3TT t m ~ ~ c4fctc:i ~ ~ ~ J-lla41cil ~ ~ ~ fu<IT ilm~. . ~ "F fqf~ql,fl it dlQR'Jllfilrl ~ om:rT aifilf.t;qq, 1938 31lllqT lmff fclf.t;q1qa, d1l"{ fcl<6HI 111fila.<01 -:,11!:if.t<1q, 1999 it QR'Jlrfila mfr~ atR aif.laifcttt-i'I ~ atl!f~: cl"ITT~~~ oifilf.t;qii'I it~~ r~r~ fcfiir~f , 3 fclf.?t<IJ-1.-t 3 .fr1'!T fclf.?tlllJ-li:li 3ITT' fcli:lil-tl ~ (~T) fclf.?t<.IJ-1, 2000 f.'?t,l-.-(fi:l@lc1 ~ ~ ~fcnm "'1\Qd\\: - "~T CfiT fclf.?t<.IJ-1.-t' 3. '(lcfl ;;ftcr.:r ifr.::rr ~, ~ -f.?t<1J-1~ ~ ffl<T ~ fi;tir ~r, ~ ~- ~ * ~r ~ ~ fi;tir m t, ~r f.?t:iifila ti>s. CfiT ~ ~ ~ ~ * ~ ~ ~ * ~ cf;'r tlm 2TQ'* ~ .:11,f@;ql <f>. ;;ftcr.:r ifr.::rr cfiH)<tl{ ~ mfr tr., 3ITT' '(lcfl ~ 3™<I' \~ ~ ~ ifrJ-IT c4cF814 {~.311{"'')t'IQ), 3it{ ii"{' ~ 3isR~ ~ ;;ftcr.:r ifrJ-IT c414F{ cf;'r mfr ~ ~. 'I fclf.?t<.IJ-1.-( ~ i;rRt ~ ~ * ~- QlJ.-(" ar~cfil, 3-fR ~ &ll4H ~ mfr tr.:r ~ ~ * [5 f.?t.:m.-t ~ 3r.'raR 2 " --~ ->=TT~ fclf.?t.!IJ-1.-( ('ET) ~ ~~ (<1"1J-1il4-icfi fttTTt 3ITT' ~) fclf.?t.aJ-1, 2000 ~ ~ ~' 3ITT' ar. ~ 6 fcl f.?t .aJ-1.-r i;rfc:t <l"f.?tc ~ tr.:r cf;'r mfr ~ ~ ~ ~ ~ * , " afl'1I fclf.'?t.!IIJ-lcfi 3ITT' fclcfil-8 ~ (~T) fclf.?t<1J-1, 2000 ~ ~ f.?l,l-.-(fi:l@lc1 .-t'$" fcl f.?t ;a ,A iii 'I '8 fR-1 fi:I c1 <fit: - "4 27 tlm m 27Tl ~ c), ',!fc'l't<'f i;rnJcf sIB f.l.:TT, ~ ~ ifrJ-IT ~ cfiR)ilR ti"{' J1J-11cfia'1 ~ ~ ~r, 3l'h faf.?t.aJ-1a1 3 (<f>) ~ mfr wr.:r ti"{' ~ ~r cf;'r '84fc-c:l ~ ~r ~ ~ ~ ~ Till'a-lT(ifitm.QlTvT * ~ ~ ~ ~ 3r.'<J 3ITT' "1.-l{<'f ar~cl,', 3ITT' ~ &1141{ <l"f.?tc 3ITT' <l"f.?tc ~ c.!1141{ ~ mfr " " " f.?t...,fi:l@la ~ ~) ~ ~ 3isR: [ '1fl1 m-= 4 J '11«1 ,;;i ~ : arnr,m:ui 5 tr.I' ll;' filv v'FcA1$r ~ f.tcnr il;' RR f:tc11t:.i 3 (<ff') ll;' clln ll;' ~ 3f (i) ~ ~HcfiH cl;'J- ~ 25%~cj;"1f'~ (ii) ~ tH<liH cj;'J- ~, cj;'J- 50% ~ tHcfiF( ~ 4T ~ .3l-J,A)faa ~ ~ cj;"1f' ~ (34.Qcfc1 (I) ~ ~) (iii) f.1Chr fcl'lfn ~ cj;'J- ~ 27T! 3-ltt ~ 50% ~ 3ntt<f; ~ f.1Chr $ ~ * f.:lfa.sc 27T! ~ cl;'J- ~ (2) ~ f.:lR.sc. $ ~ ~ t 3-ltt 11' ~ f.:l:i.iA1 q;i qij.Qsf,J.j c'RI" m.$ ~$~,cm Vcili" t!Ttr fi;l<TT mrr t) $ ~ ~ 9 f;l <.I J.j ci-j ~ f;l!e,.sc Qq·.fN),:iH I 15% ~ 3ntt<f; ~ faaq;'!.ol J.11ci-ids1 $ .3ltfr.:r: ~ f.1Chr $ ~ ~ ~ cj;'J- ~ 27T! (2) $ (iv) ~ fil fe;.sc., ~ ~ 9 fa fil 4J.lci-i * fil fa.sc. l! cf.ft q) ,,H ' t fc:laq;'lo'1 J.tici-i~sl $ .3ltfr.:r: (v) m 3tR o1fil41a) ~ ~ .mlcJci-j" m cl;'J- ~ $ . ~ ~ ~ f.1Chr: 3iTClra 3ffi <I fil <.I la) ~ tr ill3fli•I 3f ~r ~ ~ ~ f-1<hr 34.Qcfc1 ~ ~ q;_ I tlffl 3-ltt {i~<.I fcfi $ e\13rn•I Vs $ll\lf?cfi.l{ m ills ' (~,)tmt~ B~i:H ~- t\ 13m • I 4">1 $vi ti cfi q f.l <l1 cj;'J- 4T \'IT ~ (i), (ii) (iii) 3-ltt (iv) ~ {l~<l m fcfi ~ J.11.-<la1 ~ t, f.1<hr ~rrprn- WIT 3 $ f.l f ~ $ ~, fil<.1Aci-i 3 ll' $3r.'lmt "ER" J.1101 4T ~ ,fl{cfij,( e;cim ~ J"TRt)" 4T ~ (~ ~ q;r 15 % ~ cj;"1f' ~ Q,,'iff!<l1) 1999 $ ~ ci<>11ta ~~ ~ Vcili" ~ ~ ~ ~ 'VQ"' ~ cj;"1f' ~ cl;'J- <18J.1ici-i ~ ~ I i!Ts B~i:H , "lf . .:tiaMtia m "fOT $ t!Ttr ~ ~ ~ " , $if fil:i.idfi $ ~ tfJ.j"lf - tfJ.l.:r tR" ~ ~TT - ~rr * 6 THE GAZETTE OF INDIA : EXTRAORDINARY [PART Ill-SEC. 4] tr.r <);- fftQ- yfc11f1@ ~ ~r <);- Y"il1R" Prf411-1 3 ('fi') <);- c'ITcf RI f.?I g .,c. J-11 .-t cis1 cf>")' .fi a, 1.11,,1.-1 cfi CfiT -11.-ttl{UI ~'t.-t,- ~- .:, (fq-t'fcfi{OI: tlc.fllc'II 'llT ills / B~iHl, $Rat'! 3fi-<" jic'l~~c'I o1f.?l:1:11ei ~ ~ .:, .fiqf@ t- w.r -<qf,,._,{tt-"-" q.c,fc;,._c1 ~ ~ ~ ~ $'ti" ~<rcfic'IT t- 1,1:i:ih1.-t ~ fi;lv ~~~- '$!.lilf?i:fit{ matlT' ~ t ~ ~ * trJ-tr .:, Rl~:i:itJ-tcfi ~ Rlc!i1t1 ~ t- 2 RI f.?I :i:i J-1.-t mnt:r.-t" ( 3-M c1"1 :i:i trJ-tr <ti q f.?I 4'i <fiT tj.,,"Jcfi-<01) Rlf.?l:i:iJ-1, 200s t- mu (~) ~ ~ * ei- ~ - ~ IT{" mnt:r.-t" .-tk: 3 q ;z\ cfc'I ~ ( i) 3fi-<" (ii) t° a-ga- ~ .nr .:, f.1<hr Jfl'clR'f 3trr <1f.?1<11ei ~ * f.1<hr t- ., ~ * J-fT.-tT ~ tl"cfic'IT t, ~rc:f ~ tl{cfil{ ~ ~ ;,irt'r ~ ~ ~fl.IT ~ t ii f.?I <I tei ~ ' 't° ~ * f.?I g iSC. anIT * t .:, .:, ~ ~ -.:if~--<-"'a1 cf>")' ~ cfi"{ti<);, s. ar$ RI f.?I <1 J-1 .-t s sffi: <);-~#, trJ-tr Rlf.?l:i:itJ-tcfi 3fi-<" Rlc!i1t1 ~ (f-1'hr) Rlf.?1<1J-1, 2000 ~ ft;ro' f.?l.hrl~ffila i$ Rlf.?1<1J-1.-t s ttfHi~a ~: - "5. ~ ~ mu 27 <IT 27T.!. \.lfc-1~<4 '\.l'3'ITcf sffi ~' ITT° ~r.=r cll~cfil, 3fi-<" ~ c<jjql{ IT{" 01"1J-1icficfl ~ t° ~ * (2 Rlf.?1<1J-1.-t ('ET) t° .m$".3l'ITTN (01"1J-1iPcticfi ~ 3fi-<" m-<") Rlf.?l:i:iJ-1, 2000 t- a-ga- ~ f.1<hr 3fi-<" tl'if IT{" ~ i1R ~ t- ft;ro' f.?l.1-<r1fcllffilc1 ~ t ~ ~r., cli~4,l, 3m ~ ~ q,F('li,1F( ~ ~T ci;'t ,aqf@ c:i;r ~r: ~ f.mr ~ 1iTif;Jt f.!j:qJji,j 3 ~ ~ Q;:r <l;- filv i;iFct~ (11) (i) ~ ~Hq,I{ ~ ~ 20%~ t ~ vl'ffe (ii) ~ :fHq,I{ ~ ~.~ :fHq,H ~ 40% ~ t ~ il'ffe ~ <rr ~ 3l~J:1'1Ra ~ (3qii<1-a (I) ~ ., (iii) -t<llcra ~T ~-~T ~~ ~)lsr t. ~ 60%t~~ 3loj~'<l"i * f.?IR&c ~ aTclT t, ~ ~ * 9 fcl f.?I :q Ail * f.?IR&c Q<ttl4).:iH I fcl a q; 'i. ul Alil~sl ~ 3"fl;r. ;ire-;~ fclf.?1:qAcr1 ~ ~:q);,1;;:il ~ filv ~ ·~ ~r ~ ~ * ~ ~ 21rr (2) ~ ~ f.?IR&c. ~ 3ic=mc:r ~ ~r ~ . .:illQ•II " ifrJ:rr fclf.?1:qlAcfi .3-in- fclcfiF8 ~ (~r) fclf.?l:qA, 2000 ~fi;wf.?l.1-<r1fcllffilc1 ~ fclf.?l:i.tAcr1 6 ,8\RlG\a cfit: - "6 ~ .fmT cfiH)islH fi:icfs: ~ .fmT cj:;qofr ~T 3m m-fl' wr....- ~ J fclf.?1:qAcr1 (-r) ~ ~ ~ wm ffl (3IT) c:i;r ~r ~ ~ ~ ~ 3-ia~~a ~ ~ WT fi;icf> f.l.:il.'l.fl ~ ~ ~ ~r ~ ~ ~ 1mr ~ ~mr ~ ~ * ~ Jm ~ QRcfil ~ $cfil$4'i ,Hq!@ t .:in' M ~ 3tr,{ ,fl{t>!cll t • <flTii t ~ ~ ~ 1mr ~ iITT ~ ~ ~ ~cr11i)Ra ~- ~1t>!if<\i fcfita ~r * ~r ~ ~ ~- ' ~ ffl (*> ~ ~ t ~ 1s%~ ~ wm ti;s-~ vl'ffe wrr ... fclf.?l:i.tAcr1 .fim fclf.?l:q1Ac:h rrcf fclcf>F!-1 ~ (~T) fclf.?l:i.tA, 2000 ~ 4, f.?IJ-.-lfcllffi!a ~ WT ~ ~ ;;i IQ •II: - 7 8 -- -- THE GAZETTE OF INDIA: EXTRAORDINARY ~~ [PART Ill-SEC. 4] 7 tlld-11.-<.I ffl &.llql{ '!_a'i•Je\ ~ ~ um 2T<ft ~ ~ -:itcrl{<>I 01~1d-llcficfl f.'tchr (.31T{)"n:r 01'1d-llcficfl $) 3fR mfr WT<T tR ~ c);- fi;l"Q" ~ ~ crt'lc);- * ~ f.tchr ~ .fiqfn-1 cfiT f.tchr ifitm: ~rcfi't":aq~ itiT ~T cl;" 1iTifiT{ ~ ~ra (i) ~ tl{cfil{ ~ ~ 20% t cfi'J-1" crl'ffe (ii) ~ ~ ~,~ ~ tl{cfil{ tl{cfil{ ' ~ m ~ jjcr1,1-M?.a ~ 30% t cfi'J-1" cri'ffe .;, " ((39<\cfa (I)$') .;, . (iii) f.tchr c);- ~ * fq~ifia ~ ~ 3tR ~ 70% t 3rtUcfi crl'ffe f.tchr ~ um 27.fr * f.?IR_ .. c:. ~JtR 3-lcrltl ~') .;, " e._fcln~l<l um 27.fr (3) ~ f.?l <id-11 c);- I ' . ' fi;l"Q", (mfr lJcfi "tlltT ~ -rm t) c);- ~ * (iv) fcl f.?I <l d-1 crl 9 * f.?I R "'C. Qcftlqt,H / fcl~cfiqU\ 3rtUcF; ~ 3rtUcF; " 25% d-llcrlcis1 ~ 3ltlr.'f * f.?IR_ .. c:. c);- ~ *: 3fo=<T f.tchr ~ * 21.fr ~ ~ um (3) c);- c'Te\c'T f.?IR_ .. c:., ~ * fcl f.?I :zi J-t cr1 9 * f.?I R b.i:. Qcftl 9~-:it{ / fcl ~ cfi'!_u'1 d-l lcrlcis1 c);- 3ltlr.'f: (v) 3iTcITTl" 3tR ~ tl{cfil{ lfiT 3iTcITTl" 3tR 3iTcITTl" * cfi'<>I" f.tchr .;, ~i.:r.=T 3qcf,{U11 fi;l"Q" ~1cJcrl" <TT ~ ~ c);- (<l'"iafr,) ~ * f.tchr (i), ~ t, :if[UT: ' (ii) (iii) 3tR (iv) lJcfi mtr tr t\13fli•I "if ~T ~ 3iQ"t f.tchr l.!.flt;;ti c);- 5 % * cfi'J-1" crl'ffe e;rnr. cfi'. ~ ~ ~ ills B~il{, {1 .. ?):zi 3iTcITTl" ifi:fi' ~- e\13fli•I Qil~~tl cf, q f.?I :zi1 ~ <TT al fcrtmrc, {I"'?) <l 3iTcITTl" ifi:fi' ~ d-11 .-<l a I i;iFc, t, 'El'{' c);- f.?14101 ~ c);- fi;l"Q", <TT tl{i:fil'l ~ fcrtmrc, mffi' <TT ~ (tfu: ~ $1f>lf?cfil{ A cfi'<>I" f.tchr .;, l.!Ji~:zi1 c);- fi;l"Q") 1999 c);- ~ 9"1'1i:fia ~ (<l'"iafr,) ~ * ~r (i), I "l1«I"" u;;rr,r : arnT"ITT1'T f;t;nr cl;~ ~~~~~·wt iiiH i1'ffe ~ c:1ch-11o1 ~ ~ t ifTs Bati,t. 71'. 3-ia~~a 3lTclm "fOT t- w:r ~ t1J.1flic1 ~, ~ Pvf4,1-fi ~ ~ Wf<l' - Wf<l' tr{' ;;rrfr ~IT - ~IT * mrvtR"C. .1-11o1dsl Cfi't fia)111,,,to1ifi. it (lrlill~cfil,( # f;t;nr (f<llSe'Jq,,(01: t1e.f<la1 m ofis , Bati{l, $fcf:at'I 3ft{' 3-ia~~a c1Pvf<11a'I ~ ~ .:, fi qi@ ~ w:r qnfiqfril tl'J.l"flia' ~ ~ .. $ti' .l{m'<l'cficIT ~ \.l<l).:ilo1 ~ ft;tc?' ~ i;rJt:(1' ~- '$.-1,/'iF!-~cfil,( ~ cfiT wt t ~ ~ -l .:, ififfi m Pvt <11 ... qi 1T<i m cfil t1 ~ ~ L m Pvf <I .I-Iii (~I,( cf! <I $-IT cf,q Pvf .!l1 cfiT tj.:,1')q,,(DI) mPvf<l.1-1 (fflntr.=r}, 2008 ~ tl'fU (;;r) ~ ~ * cft Wf<l' - Wf<l' tr{' ffirrtr., ~ "11 Q • II . .ire-: M (i) 3ft{' (~) ~ j"Cj',(' ~ ~ ~ mr f.:tchr 3lTclm '<IT <1Pvf<11a'I ~ .r f.:tchr .:, ~ ~ * .l-lTo1T ;;JT 'tlc@T t, ~ 3ft J-11.l-l<>t I (TT, ~ fl,(cfil,( ~ J-ro' ol ~ .:, .:, i;re;r.=r ~ ~)\1' ~ ~ ~ .r Pv!R"C. ~ * t ~ ~ a"'{c11 qi)- ~ m ~ 'i1Pvi<11a) ~ .:, .:, (ii) (iii) m{' (iv)~ w:r fi;t'<!T ~ f.:tchr ~ fi q I@ 10% t <iiH i1'ffe iTT71'f. 9 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III--SEC. 4] 8. ;if rc.f.t;q11o1 8 :a!A!~ d ~: tl1'IT mf.?1<11.Flcfi 3-ltt mcfim ~ cf.thr) mf.?l<1.F1, 2000 <);-~ f.?l.1-o1~@a ~ mf.?l<1A.-1 is .fllAl~a <fit: - 8 9.-1.ff.ill c419H iR" 9.-1.ff.illcfia'I ~ * 9.-1.ff.ill c419F( 9'"{ ~ ~ cfiT f.thr 3ffi ~ .:, .:, .:, ~ f.thr * l1cfi tr ~ * ~ f.thr cf;r :fiqfn:i ~ <);- ~ * ·, f.?1<1A.-1 * ~cR"lTT .flm mf.:141.ilcfi 3-ITT" fctcfil.fl ~ (f.thr) fctf.?14.Jl,2000 fctf.:14.Jl.-1 4 c):; 3@" * · ~ o'ITc, f.?l .1-oi ~ ffil c1 ~ ~ ~ fcl:>4r <il I(!• II : - I - • 1. '(i qfn:i 41 3qcfi{011, <ill ~ 3-T3=4ra c):; i;:rfc:t c):; ~ * ~J.l_~<"4...;j~cfi~.-I fcl:>4r ~ ~ t * mm t * mfr f.thr, ~ :fiqfn:i m 39cfi{o1'i ~ ~ tfvr c):; 3TTtm- 9'"{ fcl:>4r <illt.!•11. 3-1.-1,H)R;a .-iffe f.thr 39cfi{Ol1 * fcl:>4r <illt.!•11, WR ~ ~ ~ 39cfi{Oi1 .:, fu mm t, ~ fu .-iffe ~ ~ t 2. ~ ~ (~ J.l_<"<licfi.-1 f<Fi<rr 3-11$<!.-1,il t.!Jifft<ti) c):; ~ tj"1"i't'c'1 l1cfi ~ ~ ~ ~ fcl:>4r '-:ilT.-IT ~, 1999 3. cfil{9Hc il'r.=s m tg~,H 't.!':cr. * cfi,H' .-iffe t m ~ .flAifi!t1 3-ltt ~ 1 m 3-IC"9lclRl .ris, B~tH, '-,j",HT 3.fr, c11\uiG-<1cfi q;r cfiT rn q;r, l1cfi ~ tfvr ~ ~- ~ (~ ~ t.!Jifft:zi1 <);- ft;tcr) c):; ~ tj"1"1tc1 t, 1999 c):; fc:1-cr oRTiR' ~ WTI' fu •c):; ~ ~ fq')'t'a •f.thr.FIT.-IT "1Tc1T t 4. l1cfi ~ :lil{c:fl<l m("e1"14 :liHc'fl<l ftact ifq;- ~ ~ ~ c):; ~ * Al<r<lc1I i;f['Cc'1' ~'lo"IT ~ '-:il'rt'r :ltUT .flltlo, ~ ~ ''(!'(!' <IT oRTiR' ~ cfiT WTI', ~ Jls c):; ~ * f.thr f.thr .flm ci;tr.t ~ 3'1Tcf~~.3TT cf,)- ~ m c):; ~ 39<>t&li .-iffe t 3-itt f.thr .flm ci;tr.t ~ f.thr .flB=lfc'l ~ ~ * ~ c):; .nt * ~ ~ * ~ ITT "1Tc1T t, c'IT, c):; fc:1-cr cfil{Ol1 f.thr .flB=lfc'l cf;)' ~ * ~ m <);- fc:1-cr, f.thr .flB=lfc'l ''t.!'+' m ~ c):; ~ * l1cfi ~ tfvr ~, ~ c):; ~ tj"1"1tc1 (~ m-.,- t.!Jifft<ti) mf.:14.FI, 1999 c):; ~ ~ -.ril .ilC"<licfi.-1 ~ 'c'1"<>t'.-IT * cfi,H' - " .:, .-iffe ~ c1JA1.-1 ~ ~ 39cfi{o11 * f.thr cf,)- 3-1.-1,-hR.a ~ ~ ITT, •c):; ~ * .:, fq"i't'c'1 ~r .FIT.-IT "1Tc1T t 11·11111 II "ll!"lf1'■ , 'i'''-~"' 1111 [ 'lf1T Ill-~ 4] II 5. f.:i;qJ.!t4, 5, 6, 7 ~ s c);- ~ fq"J"[ia ~r ;;ft" f.!ltnfut RJ,_ci-icld-1 ~ fl sl3o1d)s ~ W ~ fc:lillfi>'lcl ~ * •~r c);- ~ ~T c);- ~ c);- ffl~ c);- "3r."<r ~T ~" c);- fi;ro" ~ * aaffi:[ia fci;.Jr ;;rr.:n- ~ 6. v.:fi' tj;;fiq,a fifcl; Q<R-1-i!.it '1"{ ,tl<ilit& $fctatl ~rn-u * f.rcnr ~ ~ ~ <liH,itH ~ =,-nm' ' " -""" ' ~ ~ 3qq,{O~ 3ftm=r * ofiITTIT ;;rr.:rJ' ~, !(lfctati c);' ~ * ~ ~ 3oi' c>rrm' cf;'j- ~ * 3r."<r ~rn'U illfl~ ~ f.:i;qJ.!, ~ ~IT ~IT c);- ifR * m:l<l' c);- fi;ro" m:l<l' * 3lltRfl' Qoi' ~ ~ ~ ~ ~mfr i;mt c);- ~ * <liH)itH 7 (<Ii), ~ <liT ~ ~ ~ (~ ,tl{cfiF( cf;'j- ~, m:zr ,tli(cfiF( cf;'j- ~ m ~ 31-j,J.!,raa ~ ~) * ~ 3qq,{vl1 * ~r c);- 75% * cfi'd-1' ~ t ~ ~ 34cfi{vfi * f.rcnr <liT cfi'd-1' * cfi'd-1' 65% ~ ,tl{<lil{ cf;'j- ~ ~ ,tlld-11.-,!1 .frd-lr ~ c);- ~ * m:zr ,tl{<liH cf;'j- ~ m ~ 31o1'1)faa •~) ~ ~, a't~<li1fi>'l<li ~ ~ ~, 711\.1~"-1"11 .:, 711\l~l'U"II .,:) .:, ·~ tft1 + m 31 1><-11a!tl 3q cli{v ~ c);- fi;ro" 'iR1iR c);- fi;ro" 'Q"QV m ,(1 d-1 <lill1' ~ * ITT-IT.~ 3fWT ffi (3-rr) ~ ~ &ll4F( c);- ~ * l>IT7!. <fit3'1T (~) 5% * 3ITTl'<li' ~ j Rf.:i;qo1-1o1 (v.:fi') ~ ':#rcr., .frd-lr c);- ~ * ~ 34<fi<uN (~ .fH<liH cf;'j- ~, m'<I' ,tl{<liH cf;'j- ~ m 3r."<r 31.-\'1,facl ""'~""'' " ~ ~ ~) * Rf.:i;qd-1.-1 3 (-r) c);- ~ ;;:iffi' % (~ ,tl{<liH cf;'j- ~, m:zr ,tl{<liH cf;'j- ~ <IT ~ .3-toj,'1,faa ~ ~) ,tlld-11.-,!1 M ci;qofr- c);- ~ * ~ 34cfi{v~ * ~r cf;'j- c;r.ft ~ c);- fi;ro" v.:fi' m ~ m ,tl d-1 <Ii~ ~ c);- v.:fi' ~ <fit3'1T (ET) ~ 34cfi{ot1 * f.rcnr 'Q'.'Q'. tts ('Q'.'Q'. ~) m ~ 3r.'<T ~r c);- ~ c);- ~ ~ <fit3'1T 8. ~ i!Ti1' '4"{ orc;f ~ t fcl:; ~ 11"id-licli<ll cf;'j- ~ * 3ftlc1 "''U!ld-1 ~~ ~ ~ cf;'j- ~ ;;,ffi° ~ . .fl d-1 I <liffi cfiT "'' U!IJ-1 ~~ c);- ~ 3c'tfl'c;' cf;'j- ~ ;,iRii1a1 ('Q'.ff) ~ ~ .itTc'I' c);- mw 3TTil'{UT ~ ~, m * 'Q' ,(1'cliffi' t ~ ~ c);- f.rcnr * il'il.=rT 12 THE GAZETTE OF INDIA : EXTRAORDINARY [PART llI SEC. 4] 10. ~ f.l <l II ii 5 ~ ~fttril": .ftm faf.:l<IIJ'.lcfi 3fit facfil-!1 ~ (~f) faf.:1<1J-1, 2000 ~ faf.:l<U-lil ,, f.:lkift:lffilct ~ W:f ~fc!f;<:n -,IIQ•II: - 1. (4->) ~ .frm cfiH)is!H ~ mfr tr.'f 3fit 'Qcl; Wc'f 3f!lFT \~ ~ ~ il'tm 64ct-!11<1 (~31H"1~it'JQ), 3fit 'iR" ~ mR~ ~ mfr ~ ~ ~ ffl cfiR)is!H ~ ~ .:, 89) ~r., ctl~cfi'l, 3fit ~ c<IIYH ~ mfr tr.'f ~ ~ * fa_f.:l<IJ-lil 2('ET) ~ ~~ (<1"1J-1i!'4icfi ftcM 3fit ~) R!f.:1<1J-1, 2000 ~ ~ ~ (•f) ~ mR ~ ft;icfs tr., cfil" mfr ~ ~ 3'1fiT, faf.:1<1.1-t.=i 6 ~ .wmrt ";;!rcr.:r, ~r., <l I~ cfil, 3fit ~ ~ cfiR) isl H 3fit <lf.:tc ~ .frm .:, ~ -- ~ cfiR)is!Fl ~ ~ ~ ~ ti;s (1,1J-1k< ~ ;,i)ffil.1-t c);- ~ tJl$cfi<) ~ 2. ,:,fi/{14 ~m cfii{)o11{, 3. qa:f' .frm 64141{ .:, ~ ~ Fo'IBR' c;ti/T fcii<fic1 ~f ~ ~ Jlilfl-Ji, 3fit tf ~ faf.:1<1J-ii cfil" .:, C. .:, ~ e.fcie1"1<1 31-j:fl~-4'1, 3fit 31a'<f ~r ~ ~ ~ 27Tl (2) 3fit ~ cfil" 27.fr (3) ~ ~ ::ttilJ'.lkl a'r t ~ ~ ~ ~ ~ ~I ;,fjQ•II . .:, I 'Q' •~fr ~ ~ ~ ~ mr.:r ~ ($f<Rlt'I, ;![OT, 3fit 31a'<f ~r ~ w:r fcitm) ('Q'. l.'Q', 'Q'.1.-.fr, 'Q'. l.c ~ 'Qcl; w:r fcitm ~ ~ ~ mfr ~r 'cfil .fiqfc-a ~ .fr ) ('Q'.2) 3fit ('Q'.3) ~ j("c:i~ fcl:i<IT t, ~ ~ ~cfid-1'~ ~ il'ffe ~; (i) Fclf.:1<1.1-til 2 (~) (1), 2 R!f.:1<1.1-101 (~) (2) ~ ~ ~r cfil" .fiqfc-a ~ 10% cfj)- "Qq:; {ml' (ii) {ml' 'cfif 'Qcl; ~ ~ ('Qcl;) ~ ~ ofO'filT 3ITT (&) ~ ct18'<tii [ 'WT III-<iflls 4 J (1) qi '$ffl:clel·, <1.fF•ktl ~~. q~c1clo1°1<1 fg~tH1 A" ~r. (2) f:i~td't ~ <l;" '(\.ff'{$ <l;" Felv lft'1rr (3) 10%* ilcfil<II $ffl:clel V.l ~ * ~ V.l ~ * ~ ~ 3fl" ~~ (3if<Rf ~} 15% ~ .wlcli j/la_<1)P'1cfi m H .fr.:rr ~ <IT ;.,frcr.:r .rr.=rr c:i,qf.:1<11 "1 ~ H V.l (V), 'Q". l. (.fr}, V.l (~ (~ J.t1.-lT ~ t. ) ~ * ~ mw cfiT 10% ,ft I A lci-<I iifl d-11 cficfi / qcr1.ff.1-t1cfid1 * .:, ~ V.2<IT V.3* ~ mw cfiT 10% ~ .-l'ffe m'w cfiT a_crm ~r m'w cfiT 15% ~ (Vcfi} <IT V. l. .wlcfi .-l'ffe ~ (Vcfi} <IT V. l. ~} <IT V.l. (1T} (~} <IT V.l. <IT ("lf} <IT ~-2 <IT m~r~ ;i:iqft;:i ~ V.2 cfiT 15%, ~ 3fl" cfi.:r ~ <IT 'Q".3 <IT 15% cl Jifcfi<'I fcf;<j-r .:ii IQ J 11 - ~ 2008 [Qo'f.3f$fl]ffi, ilf.:1<1181 .:, <ITTIT m cf,) o.)scfi< ~ ~ - ~ 3fl" cfi.:r ~ SIJ.t)U -aJCI" ~ !------+------- .:, * fi;N Q•R!4).:il{ 3{R" ~ Qq,fgq°J.:il.-l rn ~ mc-<1°1<1 3ttt .rr.=rr ~ * fi;N "lfUlcr1T ~ tft. ,.,1)\-0jJ.t 3film 1------+------- ~/~~ H~T 3ttt / 3-IT$V'f '"Qq;'~ ~3r.'<T m f.:l <1 A .-l ~ ~- 3{q ~'l<R" ~, f.:1-: ~n;:cr; .:, (qcr1it<R1icficr1 .:, " ~ qi)- O,)$cfi{} mR 3ttt / •~ft ~*ifis3ttt fg~'cj{ ~ 10% * * s,fc:t * <IT 3r.'<T a'r. V.l~*~ I 0% m'w (Vcfi} <IT 'Q".l. (~} <IT V.l. (1T} ;.,frcr.:r i!'td-11 c:i, q f.:l <11 *~H~ ~ c:i, q f.:1 <11 ,A" fcl:;v 71V ~r * ~ H .=rrcl *~7 . -~* 3r.raR"fcf;<j-r .:, ,,Ill/di! 9 f.:l <I Acri ~ * fi;N if.-lT<IT .:, rntf{"WfT. •af.:1<1181 ~ ~r * fc;w .:, ~ ~ * fi;N .-lTc * .mfr., t: l,2,3,43fit ~ 3(>'(;\.(st !%<IT 13 14 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III-SEC. 4] ~r~ ~ •f.mft' ;j;q.fi f.mft ;j;q.fi ~ ~ 3G_4,•I ffi'\M ~ft ~ ~~ ~<ti'(tl ~~ ;j;q.fi t ~ ~ ~ (4) (1) (2) (3) I * fcmr{ 3>9"{. V.2 <IT v.3.);- ~ ~l;Flla'<:I .. ~,;i:i,q;c=fi / qa1.ff;i:i1q;a'1 ~ ~ ~ * '(!q; ~ ' J!)' 3fr q;;rt, * 2 Ri~<l;F'.1.-1 ('il') (1) MR L Ri~<l;Flirl ('il') 3C"i>!& 3TTCfiR c);- ~' (*) 3q,t)qfl i'il~cfil * fil@a1a ~ (2) c);- 3f2t c);- 3frc:R' $f4'at'i * ~T c);- ~ ~T ~ .fiql@ ~ J ' ifim cj:;q~,:i1 c);- ~ *, c1fl.aa1 ~'\<ro', q~c1fi...,~,.a Bii,H1, 'lpll, 'lplT m .·~ , ~<I.Ft1 c);- ~ M 3fr 3fRf ~T ~ .31iri;Flk1 tr, ~ c);- ~ * · ~ ~ ~ ~: fil'cnr ti q I@ ~ •f.mft' ;j;q.fi ~ ~ $f.t:cl ti 'lltl1T 250000 ~ <lcfil<I I $Rc1t'I 15% ~n:R' ~ ~ ~ cfiT 3'l•li11irl, " ~ ~ <IT ~ ~'\<ro' (~ f.'liwl i (qa1 A (".a i cfi?. ~ " ~ qi)' O,)$cfi{) MR I 3TTU'cfi"m ~) c);- 15% Bii'tl<, ills ~ $14'ae:I ~n:R' ~ ~ ~ ~- 50000 <lcfii <I I 12% cfiT 3'l•li11irl, I " ~ ~ t ~ ~'\<ro' (~ f.'liwl i ( q a1 A ("<.j i cfia1 ~ qi)' O.)$cfi{) MR I ~ " m * 3fr q;;r ~) c);- 12% Bii'tl<, oris t.250000 ~ ~ ~ * q;;r <lcfil<II f4:a ,, $ c.l 10% ~n:R' ~ ~ ~ cfiT 3'l•li11irl, " ~ t. 50000 ~ ~'\<ro' (~ ~ i (qa1A (".a i cfia1 3ITTfara qi)' rn$cfi<) MR I ~ " ~ ~) c);- 10% Bii'tl<, ills 11,11111 'lffil "ilil """"' : 3ffil"ITTUT om:: I 3c,<l)•i ar,i J-il.-lcis1 '$.-l,filf?•FiH ~ ffi" c); ~ H 3TTf~ c); 2 ~f.?t<lJ-1.-1 ' rrr:1'1-,.- =-m- ., (~) (~i{c{l./.1 ifmr c:f>9f.?t<l1 q;r tj"1'1cfi{OI) ~f.?t./.lJ-1, 2000 c); ~ ~ c); -.~ H ~ - ~ tR· mm ~ fcl;v -rcr Frlchr c); imr ~ .=rt'i" ~- ~.3l$ft ct•ffcfi{Uj 'i(\.-l,f\JfS:,cf'iH' ~ ~ fcl;v dfC!" FrlchT c); im!" ~ .=rt'f" ~ 2 $l,l\lf?•tiH ~ tj;g (.:t11$g}Qq;) H Frlchr, c);.-t);q ,!-Hcfii< c,c1TU ~ c); ~ H ' ' ~ c,c1TU j'j.-l•·hRc1 ~ c); 31mR tR 'Qcl1 ~ tR, ilf.?t<.1,a'I aitt H ' .:, .:, Frlchr c); imr ~ f.l;;q-r <illQ•ll. 3 .'Q'cfi' q~"' fi.lfj?jes - •~l,filf?•riH Frlchfi ci;qift' Qc:ffiq)a, ilcfi1<.11 tsFctaei ~Rm" ~ $f.taei c); ~ H 20% (~ :i::lc=) ~ <iliQ•ll ('<.IT) $f.taei ~ (9.-IAf.Qicfioi -.. ·~ .:, " .IDmra ct,)- o.)sifi<) f.:tintT .IDmra ~ ~ ~ilil< 1 'Qcl1 ,fl'JtT ~ iiITs ~ 20% H '1tt1T ~ ('<ll) c); ~f.?t<.1J-1.-1 9 (ilt) (0 c); cl1iC'f J-1,J-11'1, t, ;m- 3ft' ifi1-T t. 20% 3i9"{ 3i>JI& f.l;;q-r t 3im 'Q'cfi' ~\?tf<c:fc1 5% ~ ~ ~ ,ffcfiffi" t ~ 'ltt1T 3qct,{Oi1 c); ~ H ~Tcfi ..isl'I' c); tra- 31.-IJ.t)c,.-j c); ,fl'JtT. '3lf01 39cfi{U!l ~ " .:, ilcfil./.11 .mml", 3q{)c:fc1 c1ifi.lcfi1 H f.:ltitfu:r a)U!l,H ~ trt-, 'Q'cfi' ilf.?t<.11cfl ~m .:, .:, . Frlchfi cfiQifi" H Frlchr c); ~ H 5 ;i:m;r ~ ifi1-T .=rt'f" ~ illft;cr. !(lf.taei ~r, 'Q'cfi' cfil c:/A c / cfl Q -ti '4. cfi)- ~ .=rt'f" ~ ~ 'Q'cfi' ~ ,!-cl I fj?j RI ~ -ti 1:i 1./.lcfi cfiQifi" c); ~ ~ ~ c); ~ H ~T ~ (!) 2N (Q"l't") Jtrr (!) ~ ~ 2T<ft (~) c);. ~ c); ~ H ~ ~ c); ~ ~ (;)fc;l!la, cfiQifi" t. Afi!I;., mft 'Q'cfi' 'ii f.?t <.1, a'I aitt Frlchfi ci;qift' H fcl;v -rcr Frlchr ~ I c;i ctc-1"' = a) R!l J-1 J-11.-1cis'i .:, ~ ---.. ~ c); 3ltfi.:r ~ <illQ•ll. 4 'Q'cfi' ifmr cfiQifi" t, Frlchr c); ~ H, ~ I c;i c1 c-1"' ~ ~, J-11.-1cis c); 3ltfi.:r "" ~ t, ql{,it,1.-11 ~ <liT,20% c:f;t 'C.'cfi' ~ (c); ~ H 'Q'cfi' ffi'l'd-f" ~rt'R c;:cim ~ ~ 7T./.IT t) 'Q'cfi' q~ct, fi.lfj?jes ~N Sl<l).:il.-1 ~ (Q-tl<i"l<il) ilf.?t<.1181 ~ ~ '1'1-l Frlchr ffi" fcilcfici ~ c:f;t Frlchr c); 'Q'cfi' m-T c); ~ ~ (<.IT) .:, ~ ~f.?t.qJ-1.-j 9 (oft") (i), ;;ft" 3ft' cfiJ-1" ~' c); cl1iC'f ~:' "'· ~ Frlchr '1tt1T H t &'. J-i"l't' cfiQifi" m- ~ '1tt1T Jtrr Q,f!cflq"j ~ «Ira c); ~•lcil.-1 c:f;t J'JTtt't ~ t " 1'' " of. ~ ./.IT «Ira--~ Jtrr ~ ~ c'ITtror c); 90 fa'oil c); aftc:R" 3j•lcil.-l .=rt'f" f.l;;q-r t, ~ t'1W c); 'ltt1T 3lo'./.I' Frlchr c); cfl:i"c1 ct•ffta f.l:;;q, <illQ•ll. 'Ef. ~ $'q"afr (3tt) ~ o1q"lirkld-i 3qct,{01 'Q".tr. tfbr t ifi1-T .,ffe 15 16 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III~SEC. 4] s. ~ 7fTffi" ~ ~c); f.1Cri;r ~ c); 20%t ~ ;:iffe ~ ~ ~ ~ c); ~ 7fTffi" ~ ~ t ~ ~ ITT, "· ~~ ~ .:tf,!J_q1•1c1 tc=rr~ f.1Cri;r ~ 500~ rn ~ t ~ ;:iffe WIT-~~ ~ (3fr) <l'¾&Uct1 c:f.Fio11'fl 250 ~ rn (3fr) c); ~~ .3·FH"-Ji•lc'1 WR,~ ~ t 'li'1'I' ;:iffe ~- 500 ~ rn_ <IT ~ ~ ~ (3fl) <l6?c<.11ct~, c:f.Fio11'f1 M c1T m Rfqi Q<R1-iia1 . tR -H"q1•M t, c=rr ~ f.1Cri;r ~ rn 50 ~ rn t q;-;:r ;:iffe WIT. f.:mr -Hf.FIR! cfi)" <'f•ilc1H ~ ~ c); f.:mr c); a)ffilA cfil 6l<"4icfio1 cfilo1l' ~ * Jfm<l'cfi' ~ cfiihll$ CR' ~ ~ ~ (3fr) lJq; * ~ Q,Hct"ici~I .:, " olo'll<lT g3IT t . 5 ~ '891@ * fvmr [fJmfi ~ ~ (QA<11l!-H) / 9~'891@ ~ ~ (QCSl~JQ,H) / mffi \.llfcc·F1-li ('Q",H'.3ITT') c;).n" .3-to-lA)R.a ~ ~ . .:, .:, f.:mr cf;!- ~ c); .3fc1oTc1' ~ q:;9f.:141 ~ ~ * f.:mr cli1' '89\?H ~IO%~ m ;;fiCfv1 q:;9f.h11 ~ ~ * f.:m1 '891@ cfiT 5% t ~ ;:iffe WIT. 3-ia~~a t\l3Qi•I <IT $\l\lf?<k-1,{ Q,H~,H c); W-1' QA.f!Q,H I Q.f!Q,H * fc!'lta ~r ;;frcr., q:;9f.:141 c); ~ * f.=tchr cfi'I '891@ c); 10% t ~ ilffe ITT ~ m - ;;frcr., q:;9f.:141 c); ~ * ~ t ~ 5%. fcITTt 3ft .;ia~~a '891@ .3ITTlra m o1f.:1.z11ei ~.m c); wr l!A<1~IQ-H/Q.f1Q-H, WR o:lTit s13o1~s "Q1!lJ' m ~ .:, .:, ~ f.:mr c); ~ * 9o1a•!'icfic1 ~ .:illQ•II . .:, ~ 6 ~ <#'!" l!m 27Tl (I) (T!"o1') c); ~ .mT<'f '891@ * f.:mr c); ~ t .3mtcfi c); Fvmr cfiT ~ ilffe t,f.:ta::o:r w 5% t .3mtcfi ilffe ITT (cfi') -H1A1.-<.1 .fim ~ c); ~ * f.:mr, cf;!- '891@ ~ (<lf) ;;frcr., ofim c); ~ * ~,., cli~cli1, ~ ~ tr.l. 7 39'{)cfc1 c1lfficfil * j("Jlffila a)ffilA $-IT c):;- .3{tft.:r ~ g'fl, lJq; ofim ~ m1" '\.IA)u1 ~ t ~ q:;9f.:141 * ~ cficif f.:mr cfiT cficif * 5% t .3mtcfi "'"l-.C'' .:, .,;.....c;:::,....,,; .:, cfiT f.:mr ;:iffe WIT. m1" \.IJ-t)c.,t ~ t ~ q:;9f.:141 * f.nv 'dTQ" f.:mr cf;!- ~ tc-l,H.Rc. cfiT m=aT ($fcJ:cttl) c;cim <IT Jt,Hq1•ic1 39cfi,{Oll <R" ;:iffe olo'll<lT ;;rr ' " ,HclicIT (a.=rr ~ mcntt "1"J-IT.3TT cfi'I $fcJ:cttl, '3)fUT \.IJ.llU)9,) (27Tl l!m (9) ~ l!m 21.fl'tR \.lfi?lcfi<'f \J3'l1cf srn f.lo-lT <R-IT (IO)~ c):;-) 'Qqi' .31o1-HRlc1 c11fo'tR-<1<ti ~ . ~~ til' * .31~14~)!:,1;:::,,....,.c1 ), l!m ( 4) 27Tl <IT ~ cf;!- l!m 27.fl' ( 5) c); ~ ofim q:;9f.:141 ~ ~ q:;9f.:141 c), fi;rT[ O.~$cfi,{. [ 'WT Ill--= 4 J j/ 8 iam?14 ~ .flm ~ ~ ~ ;,i)ffi!J.l ~ (-c.r.=r.3l$fr aa'/iq:,{Dl-2008 cf;l- trrn ~ ~ ~ ) ~ ~r cli't fiqf&:t ~ 25% ~ mfr .nm ci;qf.?f<.11 ~ ~ ~ ~- 9 · 27TI t1Tn (9) ~ ~ cf;I- tmf 27.fr (10) ~ ~ ~ ~ ~ w.ritt "1'"J.lT ~ lT<fi .jj•+ttRta ~ cf;I- "1'"J.lT ~ 11J.lTOT ~ ~ ~r ~ ;:;i1Qa11. iat"e1"l:ii .:, " ~ .flm (- 200s ~ ~ -c.r.=r3l$fl aa'/iq:,{01 cf;I- trrn if>' imt) ~ ~ ~ ;:;i)ffii<R ~ ~ ~ ~ aw ~ ~r cf,)- "1'ffe ~ ;:;i1Qa11. iaf.?f:ii<Ra1 .nm iaf.?f:ii1<Rif> -c.rcr iacf>m ~ (~r) Rtf.?f:ii<R, 2000 w ia f.?f 4.J.la\ 6, f.?f .hi~ ffil cl ~ ~ ~ ~ "11 Q J II : - IO i:rci;-ifmr ~~ ~~~ ~ .flm ~ ~ m=l<f ~ ~ ~ q,)- f.=r.h'l' ~ ~ ~ <t!c"<llfcla / l,IJ.ll\ul,a ~ ~ ~ 3R'RR>f ~ ~ <Rm. qmft ~~~ ,ti c'<I 1fcl C1 / ~ ilffe ~ faq,(01 ii'il' - 311qfcfdl Fetv~~ \1'11fu1ct I q;'f.:\-J ~r~~r ~,R,rnq, ffi J.l I (fl ~ 3ffi ~~, ~ 3m:J 'nl iacl{OI ~30~~ ,m;q- (~r) I .:, ~ ~ (Rim) 2 q;'f.:\-2 ca:rrar ~ 3Qq,{01 ~ ~,R,rnq, ffi J.l I (fl ~ 3ffi ~~, TI, .fr) s13a1<!'ls ~r q;r ~30~~ ~ (~r) I iacl{DI, iacl{OI 3frcR ~ (Rim) 3 q;'f.:j- 3 TI ~r Qflc;,<tl ~,R,rnq, ffi ,RI (fl ~ 3ffi ~~, ( a:JfJT TI, .fr, (~ .nm ~30~~ ,m;q- (~r) I .:, ~.~,$',) cj.,qf.?f 41 q;f iacl{ul) ~ ~ (Rim) 4 q;'f.:j- 3 .fr ~r cfil fiqf&:t ~,R,rnq, ffi.J.l I (fl ~ 3ffi ~~, (a:JfJT TJ', c!il iacl{OI ("1a\{i>t ~30~~ ,m;q- (~r) I .:, .fr) ~mm~-cr.,, 3frcR ~ (Rim) .:, .j1 c -IJ.llif>cll) THE GAZETTE OF INDIA : EXTRAORDINARY [PART Ill-Sec. 4] ~ ~ ~ ifi" tk41fcld / ~ ~ -q;m ~q<(UI ~ ~~$:{J .\1'1lfo1<1 Jljqftfcli 5 4~ Qiff14l<iH / ~ J-11 ff! cf, fc-1 J-1 I ti c);- 3f<'f ~~I (3WT 'Q") ~ 3ITT 3r.'<T " c);- 3 0 ~ c);- ~ (f.!tmr) ~ f.!tmr J-11.-1ds - 3frcR ~ (fctm) ~ . 31.-14ii>I.-I (,IJ-11014,1 ~ 6 4~ f.!tmr ;:;i1 ffil J-1 ~ J-11 ff! cf, fc-1 J-1 I ti c);- 3f<'f Jlii:'l~cfi / (3WT olr) i;r.it:r., ffi fc.J-1 '1::R' c);- 3 0 ~ c);- .fiJ-lclJi ~ .31 i i:'jj°{cf, / ,ti J-1 c1Ji 3frcR trfu,cf; ~ ~ i:rt'ram . fcl~4,H.-1 ~ ~ ~":!cfc1 ' (,IJ-11014'1 - cfil -<l'l.-cl 4.-1 ~ 7 4'Q"~ f.!tmr "l:l1l J-11.-1 ds ~ J-11 ff! cf, fc-1 J-1 I ti c);- 3f<'f ~~/ (3WT 'Q", olr, fcl'1SflT cf;J fclq{Ui - c);- 30~ c);- ~ (f.!tmr) I ~ ~) f.!tml'r ~, ~. 3frcR c);- ~ (fctm) ~ ~ (,jJ-t1c.{ -r,, 'm 3~41a1 8 1:'/TTlt 5 f.!tmr ~ cf;T ~ ~J-tiff!cfi fc-1 A I ti 4i' 3f<'f ~~/ fclq{Ui t' 30~ c);- ~ (f.!tmr) I ~ 3frcR c);- ~ (fctm) ~ 9 ~ S'Q" ~:ffiif tiis * "~ ~J-tiff!cfi fc-1 J-ti ti .);' 3f('f ~~/ f.!tmr cf;T RI c1 { o 1 c);- 3 0 ~ c);- ~ (f.!tmr) I ~ 3frcR c);- ~ (fctm) 10 1:'/TTlt 6 28 (2), 28 (2 olr) 3ITT ~,Hlfflcfi fc-1 ,H i ti ~ 3f('f ~.~fcf; .flm ~ c);- c);- 3 0 ~ c);- 1, 2 ~fcf;, 28b (3), 1938 URT3TT 3frcR ~~ c);- ~ q,HfOf q,r 11 7~ 1T{' ~IS41~M ~Alff!cfi fc-1 ,H I ti c);- 3f<'f ~~/ q~.fiq\?c'i41 cf;T c);- 3 0 ~ c);- ~ (f.!\mr) I ~ 'lm! T,J ~ : mTT'lR"l ~ ~~il; tic"•il~ci / ~ ~ q;'m lla<o1 ifi'r fillV~~ Yltlfald 311clffle11 Fc!c1~a1 afrcR il; ~ (Fclm) I. Jtia~cfi -H.J.tclcff ~ ~ ~ trt'rlffi" -HfFlffi Cfi" '"'¥'" .m'R', Rcqafl, •mfR' 3fcfi" (Cfi" ~ ~ .frm ci,qf.?t;m <fi" ~r <fi" ri ~ Jtia~<fi / -H.J.1<1cff Jl&1qf!a-i1 Qt aifi..flcl'il ~ i;rfc!t <fi" WT fcn:,;i4'1 ia.J.11&) ~ ~ ft'4Tt ~ t, ~ ~ f.l;Q" dl1!" ft'4Tt ~ 3TT«f Cfi" ~) ii!&lcfiH, 3ITT" ~ trt'rlffi" -HfFlffi cl'i)' ~Cf>l~ftl Cfi" <tiFa\~.ttvl ~ ~ ~ J.11;,i:_c:;1 ffi.J.11&) fwt <fi" WT~ Cfi" WT~ cl'i) .:illQJfl 2 . .J.tTTT ~ -HJ.I I ca fa.J.11&) c);- fillV mfi ~ Cfi" .3{1tTT{ Qt .:11.-iffi.J.1 ~ 3ITT" ~ ~ ~ t ~T<fi" ~~~&Tat~ .ftc; AA <fi" 1s~ <fi" afrcR ~ <fi" wt ~ ~ ~ 3fclftt Cfi" aflcR ~ cl'i) .:ill Qdfl . .frm fclf.?l.ttl.J.lc/i ~ facfil-H ~ (~T) faf.?l;a.J.t, 2000 <\, faf.?l.tt.J.tvl i, f.?I ""1 ~ U!I cl Cfi" WT ~ fcfi.ttJ .:ii I Q • 11 : - .3-ITQcfiR, -HI.J.11.-.tf 4T ~fff ~T ~, ~ ~, ~ 3ITT" ~ ~ <fi" ~ ~ :nm faf.?IR; 6c fcli.ttT ;,JT ~ t ~ .frm ci,qf.?14~ ~ 3la'<.f .:illvl<filf! t ~ 3ITTl'tt.tfcficIT ITT~ t. 9. ~ f.14 ,.., 8 il; tR!Mir: .frm faf.?l.ttl.J.lcfi 3ITT" facfil,H ~ (~T) faf.?l.tt.J.t, 2000 ~ faf.?l;q.J.lvJ fl, f.:t;,;;:i~R!,a Cfi" WT~~ .:illQ•II: - 12. ~T 4)zq,)\?t4'1 ~ ~ ~ il; Fell/ 31:SlliF(0I "l:re'ill31f ifi'r ~ ~- ~ trm tf,q.fr ~ ~, i;miq .ttT M ~ tlco,f <fi" ~ i;miq * ~ ~ t, <ill -Hi.J.14\ f.!lml G)lq,)~4) Qt 3-fR lf>i>lf<:l~q q'j'\?t~ - ~ W'T 4T ~ ~ !9 2!J THE GAZETTE OF INDIA : EXTRAORDINARY [PART Ill- -Su:. lj m-im ~ Slfc:iifii>I ',l}[jq ~ ~ ~ ~ <li" ~ fttM" cfitalf . ., " 10. ~f.hiAirl 9 ~ ~mr-f: .fr;J:rr" fclf.!1<11J-tifi 3lR fclq:;m ~ · (~r) fclf.!1<1J-1, 2000 c); f.!1<1J-ta-1 9, f.!i.k-lfi:i@a <li" ~ ~~ "11l.!•II: - 13 ~T ~ ~ m1lTirl" 1. ~ <l~IJ-llifiifl <li" jilifi~<1, "(!qi" ~T arrfcl" (~ 4Ta1c ~ .fr;J:rr" c4cl-814 ~ ~ " * ~ .) cfitm 3lR ~ f.!l"t~rq:; ~ ~ ~ ~ jioj,J-t)c;a-1 3lR ~ ~ ~ <li" ~ "(!qi" tr ~- 2. ~ .fr;J:rr" ~ <li" 3ITTR"OT <li" "(!qi" J-ITsi>I" ffl ~ ~ / ~ cl';J- c4\4-c'1dli1 c<ll4H ($.-f-81$5{ ~ <liT ~) ~ f.!14J-t.-f,, 1992 <li" ~ Jioj,41<>1.-f Jt f.!lmr {itu<>1a-1 ~ ~ ~ * ~J@r(;r <li" ~ * ~ -~ ~ mm q:;)- ~ <li" ~ 3lR ~ ~ <li" ~a=r "(!qi" tr ~ wrr ~ .;Ja1J-t~c.a-1 <li" ~ ~fifi. _, 3. ;;r.ifcl;- f.!lmr arrfcl" ~ ~, ~ f.!lk'lfi:i@a <li" ~ .;Ja141<>1a-1 ~ cfitalf: _, _, (I) a:i.<>1a1 ~ ~ m;r, fcl~q:;quj J-11a1ds, ;,:i'1@J-1 ~. ~ c41q1:i_, _, " ......._......,,__ " f.!lmr ;,:i)@J-t <liT ~. {iqfc-c:t 3JR ao1c;1f{4) ~ <li" ~. f.!lmr 3JR f.!lmr <li" ~ <li" JI i at{ q:; m -8 J-t c1 a'\ ~ tR'ra=rr <li" ~ 3lR f.!lmr ~r-TT <li" mt 3-TO'<f J1ial).q:; f.!l<i,101 $ .-fifi-81.-f ~ q:;)- ~ <li" ~. _, .fr;J:rr" ~. 1938 3JR .fr;J:rr" fclf.!141J-lifi 1Jcr fclifil-8 ~ (f.1a~r) fclf.!14J-t, 2000 <li" SITcttn.TT, ~~~~T 3JR qf{q,i <li" ~ oia'IT4T ~- 11 11111 21 (II) ~ 3trr ~~ ~ tlif ~, ~, 3trr ~ ffl (3-IT} .f,'r i-H i4ci I ~ WT WTn lR" q;q\ ca ~ ~ clir.TT. " 4. ~ ~ ~ 3tR" lR - ~ .fl.::n .j:;qf.-1,:/j ~ ~ * iM" c;cim Jl01J.l)fac1 ~T - " .:fm't ~T -Hf&lfc:I ~ cfil41f.:c1c1 ~I <illQ•II. iM" \Iqi" ~d-llRlcfi 3mm" tR" f.?titl" Fcta-i:fi" 3trr xtnc;" ~r., Fcta-i:fi" .f,'r f.-lam.-i1 .f,'r ~ i:fitm. 5. iM" 0.d-118\ 3mm" !R". "llT ~ i-m° ~ q;,:r ~ tR" ~T ;;:fJfc't 3trr ~ cfi14\.-cf4crl .f,'r ~· ~ ~ * ~ ~ 3trr ~T ;;:fJfc't ~ fi;l1r ~ ~ ~ ffirrtlo, cR" ~ t ~ ~ * ~ ~ fi;l1r ~ ~T ~ ~ ~ WT ~ * ~ ~ fi;l1r ~:qq;- t ~ * ~ i:fitm" 3trr fcl f.-14 J.!1 ~ ~ ifO'fl"llT t, ·~ ~ ~ * t 3trr ~ f.-1:iiJ.l'i * m ~ ,fferc ~ .fmr 64141< ~ ;im:m *~~WT.* ~T ~I -8"'1$118 ~ ;im:m * f.-lmfu, ~T ~ ~~.1-l.=r~*~~- " I. .fmT cj:;qot ~ tlif 3trr ~T ~ <illQJII $fct:at'l ~n:R", $fcklt) ~ 39ifi{U,'i 3trr 3 faf.-1:qJ.l ~ i;rfc:r iTTTc ~ ~ * J.li,4jq,,cr1 ~ 7l<IT 'l[UT 34cfi{ON * \Iqi" " ~ ~ ~, mit (~ ~ Q;:,1ffl:q1) faf.-1:qJ.l, 1999 ~ ~ tj,.,,1tc1 * 8 ~ fi;l1r ~T "1Tfr nID <illQ•II. <TT! ~ '3r.'4" ~T 27T! (2) 3trr .fmr ~ .f,'r 27.fr (3), 1938 ~T -Hf&lfc:I ~ tmT.3-IT ~ ~ f.-lQ.i>C * ~T ~ ~ fi;l1r ~ d-ll01cis'i ilcrllil•fl, ma- * ~ Qo=r cfi'I" m-ffl 3trr ci{c4cil cfi)' ~ 3trr " ~ ~ ~ m-ll:IUT. 2. 3ft.<TT<r c:.J'acfl4, ~ ~ 7 fclf.-1:qJ.l.-j (JT} (3-1He11ll .fmT q:,qf.-141 q:;r 4"11cfi{OI} faf.-1:qJ.l, 2000 ~ ~ ~:qq;- ~T ffl ~ t 3trr ifmT cj:;qot cfi ,Hillc4crl ~ 3ftlc:r Jtia~q:; f.-l,:j,iu1 ~ ~ ~ ~ ~ * ffl cRcTT t 3trr ~ ~ " :fiillc>to-1, ~ 3trr c.rrcm cfil.a\c>t4 .ffiil7f i:fitm 3trr ~ me- ~ .3fc1dTci" ~ -8.1-ll-{)i(, m..<r 3trr cfMf cfiF41c>t4 ~T .fld-ll{)i( {~ ~ * ~ ~ mti Qq,,13lc:,:fl ~ ~ "1Tfr ifmT cfiqf.-141 ~ ~T ~ q:;J<TT ~ Jtia~q:; / .fld-lclc:fi c>l&l4tiltff lR" c1q,,.-i?14,) ~ * 'RJcrl" .f,'r) {"Q':fl"), Jli3c,8),8 ~ <illQ•II. ~ 3w!TCIT, i:h'4-.C.{ ~T ~ ~ fi;l1r $@.1-llc>t ~ ~ ~ ~ ro m ~r ~~{PIT. 22 3. THE GAZETTE OF INDIA: EXTRAORDINARY c1>. ~ 'ircli', Qt\QJ-1 m mar ~ t ~ S1liJ1<-lJ-1 ~ ITTBT t tR :f1>-1Ji,<:>-<-l tR' ~ ~ cfi" mtr ,;rJCcf m cfi" <l'lc;', 'Qcfi fuaf cfi" cfil{'l<IR tf{~ 'cfic 3WJj (3.00 .r;;)') *~· J1a1SF41•11 c), fc;r-Q-, ~ Qa-lQci"l j~ fu., c), ~ M ,:, " arc;IT Q.-!Qci~I ~ . ~- ~ 'qcfi', Qt\QJ-t m ~ t ~ i,j"Jl/1<-IJ-t w-c=r ~ t tf{' mar <fi"<l'lc;''Qcfi fu., c), cfiR~<II{ tR'~ 'cfic m(3.00 ti) .flJ-1'1._i--<-l tR' ~, d-H-11c;1 ~ mtr ~ ~ c), fi;tiJ' ~ Qa-lQa'J ~~ M arc;rr Qa-lQcil ~fu., ~ cfil{l<II{ • ..,., 4i fi;tiJ' Q'cfi' J113cf'2.~1..:r 'ircli' <IT ~ ~, ~ fuaf 'ircli' mar / ~ c!>T Qe,tim ~{err t c), ~ M mm Qa1Qci"J c), mtr ~ Si"liJl.aJ-t ~ ~ fcl:;m <i!IQ•II. cf>. Q'cfj' fuaf c), cfi1{1<11{ tf{ ~ 'cfic m (3.oo u) ~ ~ i;rrq, J11ac;a-11 c), fc;rQ' ~ Qa1Qci"l 3'#r fuaf c), ~ M mm Qa1Qci~1 ~- ~- c), <l'lc;''Q'cfi' fuaf ~ cfi1{1<11{ ~~ 'cfic m (3.oo u) i;rrq, J11ac;.-11 c), fc;rQ' ~ Qa-lQq') wm- fu., c), cfiRhll{ c), ~ M C!lMl Q.-!Qcfl ~- 4. u;;t' / 3c'trre; ~ 'Q;s .illilcfil:fl ~ Slifi~cfi,(Ul = . ~~~ cfi. ~ .flm ci;q.:fr ~ ~ cfiR1<1H cf,,( W t, ~ <,1011cifl cfi" ~ * tllJ-i.:ilf-<-1, ~ ~ 4i ~ sfil/1<-lJ-t (~rc>cfi ~ <'Im 3i•li11ci1 ~ ~~) ,:, ...,,,.,.= ,:, ,:, (~ Jll$~fefq,c),~1of o-r.R' - <!_~ SITCc, ~ <i!IQ•II 3-ITT' ~ 3ffi7T (3TT) ~ (;;i?J tj,g qe,illai ~ 4i J-t'i--<-1' cfi" mtr - Q{'!Qtji~ tj,g ~ ,:, " ~fc>cfi, fuaf c), 3,l1ffi" tR' Q'cfi' fuaf tR' 'Qcfi ~ <-l'~ c), ~ Jl1<llGlc1 ~ ,:, " ~- .f!J-11cfici'1 <£~ fctaq:; ~ (~ * 3itf{ '1Jqi' c), ~ *l cf;f ~c-tm1 mr ~ ;;:fifc:t fctacfi .frJ-Tr ci,q~.Q1 a<t81$c ~ ~ .f!J-tlcfici'I ~ a<ttl1$c. ~ ~ ~ ~ a<1:a1$c. tf{ ~ fctacf; Qa1Qci"l (l!,HQlji~ cm) tf{ ~ c:cim 3'#r tf{ Jll<-l1Glc1 acfil$<-l1 c);- ~ fuaf. ' ~ " 23 -r. 31ia'Rcfi / -HJ.lad\ ~ ~ f<ii:ll~a 1,1011~ ~ 1,1f?t,41 ~~ ~ ~ ~ (~ 'V<fi'c);- ~) ~ ~ ~ ~ ~ ~ ~ Qo-lQq') ~ .tll<l)Gic1 $cfil$<l1 ~ ~ 1:R" V<ii ~d-\l~cfi 3TTt1R" 1:R" ftq)t ~ s. .1111,1c1hl'i cl; fill!" errax_ Q-,Qcfl R,«ftc1 ri cl; 3ffim ~· cl; ifiFt)ii1< ~ ~ Cfl. c);- ~ fcl('"e1"J . .q qiq- c);- ~~tr"{ 3:oo<'[Cfli;rrca- 3-11ac.o11 ~ ~ ~ c);- cfi1-0o1R c);- Qo1Qcf\ (~ ~ ~ 3flR" M•li'lloi ~ ~ m il'J'PI') ~ c);- ~ cfil~al~ ~ .:iflQ•fl (!I.~ ~ t cfiR)aF< tr"{ 3.oo ilJ)' c);-~i;rrca- 311ac.o11 c);- fc;tQ-, V<ii tr 3flffi fclc=d'l<l ~ c'li;"cfili;il J/drn' ~ c);- cfil{)oll{ c);- qit Qo1 Qcf\ ~ WIT ~ ntt .:iflQ•II. d'J" • .flm ~ cf>)' V<ii fcl('"e1'1<1 ~ c);- ~ ~ ~ cfiH)oll{ c);- fi;tQ- Qo1Qcf\ cfil" €!)"1011 ~.~tr~ V<ii ~h &llq,HIQicfi ~- 6. $<t>1$<-fi ~ 3ITCR:o, c);- fi;tQ" ~ ~ c);- o1cf\cfi{UI c);- fi;tQ" sflf'J?t.qd-\ cfil" ~ cfil" ~ (5c);- cfil" ~ c);- ~ q)'fi,)'8') c);- t;IITTr ~ cfil" ~ c);- ~ ~ Qo1Qcfl c);- ~ ~ WJT, 7. mt .flm c:i,qf.-1,i1 cf>)' V<ii i;n:JJUT tr,r, ~ ~ s 1:R" "1Tfr ~ll ~ ~ ~ c);- 31o1q1i;ilo1 c);- fi;tQ- jjia'Rcfi I :fid-\adf ~ ~ ~ "1Tfr ~ mr, c);- ilTt ~ ~ ,,,...,,brr ,d.,,..~ - ~ ~ c);- cf,F()al{ tr"{ i;rrca- 311ac:;.-11 c);- fc;tQ- ~ =Qo1"'"Q"5'1-q"J ~ ~- ~ ~~ 3fl' al~<t> ~~V<iitr~~- ~ c.Qlql{ ~ cfiT d-\c'li;ilol tITm *\l<ll ~ {ll{'l<l Fclftfa c.f1io1t'i'i c);- m1l" ~'t<l'{- ill.:itFl1 Jt c<l I q I{ (~ 1:R" Q<Ffi ~ ;,ii c);- ~ c);- fi;tQ- ~ t c);- 3rnTaT ~) m M' 3fl' ~ ~ c);- fi;tQ- ~ t c);- 3rnTaT ~ fa.,1- ~ ~ c);- cf,l,l)olF( c);- ~ ~ ~ ~ ~ - ~- 1. ~ ~~T <il'IUild-1 ~ 3fR' l,lfstil!I, ~ ~ jJf.!ta1~ cf>)' ~ <RJTI. <t>l41.-cl<lo't V<ii 'tlTti 31c:fil.3~c. ~ ~ \.ld-tlfula f.f;m "1\Qdll, "~r 24 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III- St,c. 4j ,,M'€1<R ~ \,!Olli-ft Jrtz .fta:IT ci,qf.7i41 ~ Slfsl.i<ll ~ m:fr!ITT Jrtz \.l,HIOliri ~ c1cfi..flcfil ~•, 3ITTcf ~ 'tTTti Qcfil.3tC:-H ~ ~ ~ Slfsl;<ll ~ Jl'o1'-H'R ..fl'tl ' ' ~ nfr t~ ~ * mm:r.=r ~ - ~ ~- 2. p ¢ Rtc-c1°1<.l ~ '4T ~ q;,:j' }ll'fkci ~ ~ H .fta:iT cj:;q'..fl' ~ il)"g ~ c1<f ~ ~~3TTc1' H ~T ;,i)ffij,H ~ \.IUIIJI 3rtz Slfsl.i<.ll ~ m:frlITT cRd!T, "Q"cfi' 'tTTti ~ }lcfil.3tc. Qi'R 3rtz ~ ~ Qcfil.3tc. ~ ~ fcl:;"Q" dTQ' ,;rm 9;f ~ -~ ~ ~ mtf mtf, ~ fa<Rlifl ftc:at ~ mtf. 3. 'tTTti Qcfil.3tc. q;,t cfil41.-cl<lo1 3m f.th1 ;,i)ffij,H ~ \.IOIIJI ~ m:frlITT \.l<Rlfil'lc1 Jrtz S!Rh<l I ~ f.7l 4fctc1 ~ f.7l<l<R1 ~ ~ ~ fcl:;"Q" dTQ' q & q ii ~ 3-{o'ffiR' ~ ~ ~ 1. p .fta:IT ci,q'..fl' .rrg ~ "Q"cfi' 'ITTl!T qirau -H P'1 fa cfiT dToa'f cRd!T. 'ITTllT qir!ffi -H P'1 fa ~ "Q"cfi' ~ Q cfil 3 t c. ~ .m.<T8Jc1T H ~ "1l"Q'dlT, WR cl'6 .fta:IT cj:;q'..fl' ~ il)"g H "Q"cfi' ~t. 2. <1°1<R1cfic1'1 <liT cRdlT f.'ta'~r M ~~ 3rtz ~ ll.=r cfiT cfi'cR' i>lo1~o1 jl i c1 f{q, <IT -H ,H cl cff 'ITTllT qill\'fcfi' ~ R]'t,<f,H' ~ ~ Rt f.7l 4 ,Hiri ~ ~ ~ fcl:;"Q" dTQ' qftq,r ~ ~ 'ITTllT qirau. ~- ~<RIHlcfi 1'1&19<l1'1T / }lic1~<h ,H<Rclcff ~, cJo=1t ~~ ~ ~T ~ ~ H ~ ~ * ~ ~ ~ ~ cfiT cfi'cR' ~ ~ * 3ITTcf ~ 'tTTti Q cfil.3t<;,-H ~ ~ ~ fcl:;"Q" dT!!, ~ ~ H mm:r.=r ".fta:ir cfi9f.7l41 ~ ~T ~ <t>T4'\' ~ Jlic1&cfi / ,H<Rclcff 1'1&19<11:\11 ~ c1cfia1°1cf?I ~· ~ .3io'mR lTTdfT ~ - ~ ~- ~ 4. f.tchr ..fl'fa' <liT Rtc1:i.01, ~1 ;,i~ffii<R ~ Jrtz S1fsl.i<l1 m ~ m:frlITT ~ cfil41.-cl<liri ~ ~ 31ic1&cfi '4T -H<Rclcff 'ITTllT ~ cfiT 391'i~U cfiWIT ;,rrQ'iff, 'ITTllT ~ Jrtz ~T 3WffifO'IT, Hl.fc.,H Jrtz w:iofl' ~ * ~ S!Rh<ll ~ fc;!-cr .M ~ 'ITTllT qir!ffi -HP'1fa ~ ,H",H"a, rn ';,JTo'ff ~ ~ ™ ~ m:frlITT ~ R,cqu~ ~- ~~r~~ 1. ~ ..fl<Rlcfia'I ~ ~ ~ ~~TT - ~IT #i '1~°1<1-& ~T ~ ~ ~ ~ afrc:R' ~ m mt tj;g (ml qi]' ~r cRd!T, ~ ~ * ~ -,H",H"<l' ~ mm:r.:r ['WT m-= 4J · 'l1UI q;J mm! : aim'WUI 25 "Q"fl". ~ 1. ~ ilrnJ" ~ (3n-) * ~ dtlcrlcfiifl * fi;ro" ~ ~~ ITT ~ ~ * ~ ~ ITT ct ~ - ~ q{ ilrnl" ci,qf.?t4i * fm!" ~ ~ * ~T ;;irt'r ~ ~ i. ilrn!" mf.?t:a1J-1cfi ~ mc1,m ~- <~r) mf.?t:aJ-1, 2000 * mf.?t:aJ-1cr1 HI, f.?td-crlfi:tffila * mtf ~~ dtlQ•II: - "14. fai'ali". I. af!'J-11 mf.?t41J-lcfi ~ mcfiFH ~ (mm~14 mct{Ui ~ af!'J-11 ci,qf.?t:zil c);' ~ ~ <®- fttnt' ~ 'Rirr) mf.?t:aJ-1, 2000 ~ Qfl?.fi * "!.F<licficr1 * ~ ~T * ~ * 3'imR ~ f.?t4J-/i * ~ ~ -~ q{ ;;irt'r ~IT - ~IT . .:, *~~~- 2. ~, M 3ft" ,HIJ-llrli <IT ~)'l;r 3{$r ~, 4T mnftra ~ ~ t ~ .3'Cf mf.?t:aA~ (3) (4) (5), (6), (7), (8) (9) ~ clc,<>irl * fm!" ~ (10) <IT c'lT 3m m t m ~ m * fm!" ~ mr ~ ~ q{ M 3ft" ilrnl" ~ * fm!". 12. faf.lciAitJl * ~fttrir: ilrn!" mf.?t:a1J-1cfi 'Qcf mcfi1,fi ~ <~r) mf.?t:aJ-1, 2000 * mf.?t4J-lcrl 11, f.?td-crlfi:tffila c);' mtJ Yfaftli~c1 ~I dtiQ•II: - 1. ~ ~ ilrnJ" 4'1 .filJ-lir4 ll'J-iT c); cfiH)ctH q{ t\J-iicfiffi .j;qo:ft- mm"14 g~c)lzc:1 ~ tr 31cr1J-1fa ~ ~ <'!cf> f.?tqc.?I * fm!" ~ ~ - ~ q{ ~ ~ ~ ~ .:, ' ~ ;;irt'r ~IT - ~IT * 3r.'m'R. - .:, 2. ~ J.il~crl m \.l("ljctl;;\"1_ lft~;aJ-1 ~ n<li' a~ ~ ;;iitr ~ mr ~IT - ~rr * 3r.'mR ilrnl" ci,'q;ft-* ~ ~fie~ .fiqf«l ~ ~ * ~ ~ ~ .:, ~ g- m@'l:a gl):c'lflc:1 * mtr ~ ~ M 3ft" ilrn!" ~ ~ 31a1a1cr1 fcl;:ar, 66;!.. E(L,?f'J.-7 26 THE GAZETTE OF INDIA : EXTRAORDINARY 'fc:l"iqici' f.thr ~ ~ ti o:fltT ;:,JIQall ~ ~ "1T ~ "1•·Ffl'tl"t Jfit ~ f.?1<1.l-ll cfiT t ................ ~~ ~~ =qinl1;i\=i;ii=,H ci"lT m ~ fmr c;_Rtcfl<1, ~ ~ ci'fi "'j,t"q.-.-f ~ 31ci~~c1 ~r <IT q)ect,)~<1) ;:,i)- ~ q;)- ~ f.?1<1.1-11 ~ ~ "Qc:li 31a1.l-l)fac1 f.thr ~ ~ ti. &lat;H ~ ~ , ~ "1TciT 6 ~ fmr "Qc:li iTmCf cfiT <R50"T ~ 6- 3fa=<I' mfr ~ <'.fl Slc'<lcth,\a1 ~ ' c;MJ1:ii.1-1 .flm Cfitlafr ~~~fie ti~ - ~ tR ~~ti~~ ;;nt ~TT - ~IT ~ .31a-R1R ti ~ ~ ci'fi J1a1c11a1 ~, '3fa=<I' f.thr ~ ~ ~ ~ ti ~ ~ ;:,JIQdll. " 31oj,!J._'<l~I I ~ .flm fc:if.?t<ll.l-lqi 3fit fc:iq,FH ~ (f.thT) fc:if.?1<1.1-1, 2000 . ~J-.-1~@c1 ~ mtf ~ ~ "11 Qall: - :,hj;t(-efl I ( 3 t 6 Rtf.?1<1.1-1.-1 ~) ' ;,!'\cr.-r &llql,( ~ ft;l"cr ~ ~ er f.thr ~ ~ cf>) mfr q;)- \$1$qi{ ~ ~ mu 211,ti ~R.6c. f.thr (i) mu (<i) ~ ~ ~ mu 211,~ N - mu (1); (ii) .mm ,iiqk-ci tR ~ ~ ~ ~ ~ ~r ti ~ ~ ~ ti ~ ~ mu 271,~ :NtrrU (1)~ mu (i,a:r) ti cfif.\T dT<1T t; (iii) .mm ,iiqk-ci ~ ~ ~r ti ~ ~ ~ ti ~ ~ mu 211, ~ :NtrrU < 1 ) ~ mu (llo'f) ti cfif.\T dT<1T t . .g) ~ ~ ~ ~r '<l"f.\" :N - mu ~ .(!lot{c.H (JTT) ~ ~ mu 2N~ mu (I) ti~ ~lfcfci<ll ~ ~ ~ ~ 31oj.l-l)fac1 f.thr ~ ~ ti ~ ;:,JIQall. (i) mfr mfffi:r ~~~ti~~~ ~<lcf>, ~ (iITs ~) ~ c;rf.r Rt~ <I .1-1.-1 3 t 8 ~ ft;l"cr ,ii i>l a a1 .-nc ~ ~ ti 3fit Bili ,H1 3fa=<I' ~ 3fit mfffi:r ~ 3qqi,(Oll, $f.Rle'i ~'t<'.f{ 3ITT ctti<lc1I ~)<'.fu 3fR ~ ~ 3-il{c1~l<I ~ fc:it"c1~l<I 3-il{c1~l<I ~ ~ ~ ~ ('-R"f.\' ~ ~ ~ .1-11..-<lc'll i;rrt:ci" ~ ~ ;;nt fci;TJ" 1T1! 3qq,,to11 f.thr f.thr .flfc'l- ~ ~TT ~IT, J-ITa1Cfi 3fit f.thr ~ • .flm Cfitlafr ~ f.!tt~Tcf> .nt ~~~er A~~ ti~ ;:,i1Qa11. ~ (ii) i,_i,_ t 'q;,H' .,ffe t m 3f9.t ~ 3fit 1:fn <IT .,i(>"q1c1Rt .rts, Biliil<, ;:,J"1'IT 3fit c111v!G<1qi qil•l"1 lc1 ~ 1J'f> s);1%c: ~ ~ c,qffi ID=ITOT t1"i Ml ~ ' , ~ tj,:,1"lqic1 (s);1%c: ~ QJiffl:ii1) Rtf.?t:i.i.1-1 1999 ~ fmr oR!iR ~ wrr t ----~ . ~ ,,;..ci-;rr1-q~.,,,..<1~1 c,qffi "11-fr ilis m Biliil< ·~ ~ il fc:l"lqic1 f.thr .1-11a1T "1Tc1T ~- - t ~ 11 11111 Ii, ,·""'ltlftl••" .,.,, ... _. .. ,,., I •-""'ffl1-1-1n 4 [ 'WT III-~ 4 l (iii) J.11o1c!.s1 ~ M (~ ffl'ff····~·· 3~1tH01 * ft;lv, ffi" ~. o1)~:i:1 ~. ~ ~ * 'IJ1lTOT tf"if * '8Ttr .frJ.li cf,qf.:l;a1 .;f1'!T (2N .frm ~' 1938 cf;t- mu (9) * .3l'iRm" cf;t- ~ ~3rr $) * ~Jq; ~ c;am .:t1o1ii1Rc1 ~ - ~ $=IT * .mfr., ) m«=r ~. 1934 (I 934 q;r 2) * ~ ifq;- ~ ~ ~*w:rfct!mrcr~*~~*~*~ifq;-J{l'q,~~ J-tlcrllc11 ~ ~ cf;t- ~a'J<l 31-j,!j_ifl * f<f;m ;-;tT Wt~* fiw ~nfm;r t. (iv) .:il.Hlo1c1"1 3UR" ~ ;j[01" e.lR~1 (~.flQ<>1.:ffi") ~<>l'll~•I cfil4°ft~f"1 3ITll'i, ~ fi;lfJ!les ~ ~ ~ t ~ ~1-1.c-ft:zi ~ ifq;- ~ fmz, al" mu JtR cffil" . ~T ~ 1'mf.3f(if Q>s ~ f.:l:ziJ-/1 * ~ ~ f.!l;t!" ~ ~TT ~IT * ~ ~~ -- ~-· * f<l"li:fic1 <f;r" m,m;r tj;g ~ ~ * fi;lv a)@J-t ~ c;am J-ticrll<'ll <;ITCa" C. - ~:, .. t ~ ~ ilraR' fi.l&<'l / ~T. ~ (v) .3fl'cfra ;j[01" :tt ci f.!i ~ ci 'llT 3-i ci f.!i ~ci * ~ * ilrnJ fa f.:I 'll I J.I cfi QCj- facfil :fl ~ * 2 ~f.:l'll.Ho1 (~Hc1~'ll .frm cfiqf.:l:a1 cfil tj,>f"lif><ui) mfttr.:r faf.:l:zi.H, 2008 * mu * ,.,r.:i:zi1!1 ~ c~> * ~ ~ * ~ * ~ q,(" ~ ~ mm * ~ * .,r.:i:zi,cfl ~3IT q~<tiqf&-l:a1 ~ * mtr <tiqfrri -H.Hflkr ~ ~ ~~- (vi) qlfulQ::ziq:; 'Q"cfi' ~ 'llT 3ffilrM ~HcfF!l fckcfl:zi ~ c;am ~ f.!i;t!" ~ i:fildl.:illct a:ll<a'J'll ~ ~ ~ ~ ~ * ~ * J.lia-'llcil wq:r mfi' (~ ~ Q;,'l\'fl:a1) 1999 * f.:l:ziJ-t1 * ~ tj;;fJcfia 'Q"cfi' ~ tlbr ~ c;am L ' t!cfi~tlbr~. (vii)~ i1T.:ilR * ~ * ~ ~ 2 ~ f:t'llJ-to1 ~ faf.:l:zi.Ha1 (~) * ~ f<f;m 71.:rr t . .:illQ•li . .frm faf.:l'lll.Hcfi ~ fa<!il:i-1 ~ (~T) faf.:1<1.H, 2000 e.~cfl<I .:tt oj ,!j_ l:.l"i f.:l d-crl fi.lffi c1 ~ '8Ttr ~ ~ .:ii I Q J II : - II 28 THE GAZETTE OF INDIA : EXTRAORDINARY '"-!'(~.., ti (ill f.?I :q A iii 7 ri 8 ~) Bil'fcl fitcnr <\. t!IAl...:i oqjql,( cl; ~ <t('<ft ~ ~ trru 2T<ft $ ffl<f $ ~ 'fq~i't'c-1 ~T qi)- f.'l.h-ifi;fffila ~ ~<>lq,{ ~: (i) trru {W} $ ~ ~ trru 2N~ 3'Cl" - trru {!); (ii) 3N<'1" :fiqfc-cl ~ ~ ~T * ~ $ ~ * ~ ~ trru 2N ~ ~ (I) $ trru ('Qo'f) * ~ iT<fT t (iii)~ :fiq\@ 'Cl"{" ~ ifQqi" $ ~ ~ ~T * ~ $ ~ * ~ ~ trru 27.ft~ ~ (!)$ trru (i)* ~ iT<fT t. w) ~ Jf<'1Tqf ~ ~r ~ ~ .:tt":1,J..t)R;a f.tc)-~r $ ~ * fcl:;m .:itlQ•II ~ $ ~ ~ trru 27.fr ~ 3'Cl" - trru (!) $ <lfs ' (~ * ~ ~1f.tc+41 $ ~ ~: (il ~ $ ~ mfr ~ ';ffOT, tts (-.ris ~) Rlf.?l<.1J-t 3 # s "4<>1•.-1 o:rrc m{ B-ii:H1 $ ~ * 3fo=<f tts m{ mfat:r ';ffOT 34q,{Oll $f<Rttl .:, ~'l<R, c1:t'l<.1a1 ~)<fu m{ ';ffOT 3qq,{011 3ITTY<'1' a:JHc-1°1<.1 Rl,c-1'1<.1 a:JHc-1~1<.1 ~ ~ ~ ~ ~ $ ~ * J-tla-<lC"ii 'lfTCcf ~ ~ ;;rrfr fcm!' m!' ~T ~T ;:ftfc:r $ ~TT ~IT, J-tTo,qi' m{ ~T ';ffOT, .fTJ..tT ci,q.:ft- $ ~fqi on-g ~ ~ ~ a'f ~ $ ~ * ~ .:itlQ•II. " f (ii) 'Q'.'Q'. ~ q,1, .,ffe t m ~ f!J-tqi!ti m{ lfi1 m 31C"41c1\ti -.ris, !%.ii:!{, .,j'J-tT m{ c11fo1~q, q,1•1a1a ~ 'Q'qi ~ tlvr ~ ~ m q,r, M $ ~ ci<>1"iqia (~ tlvr Q;:,'i~<.11) Rlf.?l<.1J-t 1999 $ ~ f!J-tai>-<l tlvr ~ ~ .:, tts cb4f.?i<l1 ~ ;,m'r -.ris <fl B.ii:I{ ·$ ~ * fq'jq,('1 ~T d-!T"1T ;;f@f t. - ~ (iii) J-11.-1ds1 m{ ~ (~ <ll@ * 3e.1${01 $ ~, <iiT<>I' ;;rm, ~ ;;rm, ;;rm .mR;- $ m q,r $ ~ .fTJ..tT cb4f.?141 ;;rm (27.fr .fTJ..tT ~, 1938 ~ trru (IO)$ .3r.'RITT' ~ ~ ;;n:rr3rr ~) $ ~fqi 1'fs<'1' ~ 3-t.-lJ-t)R;a .:, - .:, ~ $ .mfr.:r} 3TTB ~, 1934 (1934 4iT 2) $ ~ ~ m{ ~ ~ $ ~ Rlfucrc, ~ ~ ~ ~ $ ~ * ~ ~ 3-tTQ'i ~ ~ " 111• Mlllfi 1 . (iv) "1d-f)o1(1"l 3tTTt ~ ~I c.i~i;'al (,el.f!QPl.:trr) fcffi4~•1 cfi1crfh1 .. f 3iftl'i ~ fc:ln=l~s ~ ~ ~ t ~ JiRc1~14 ft;Jra" ~ ~ ~ ~ ~ ,,M~A, ;,fr ~ ~ c'Rc'f J:mTWI" tj;g- i;m':t Rf'qJffi tj;g- ~ f.'l4J-t'i ~ ~ ~ " "" ~= .:,.:, fcl;1J- 7j"Q" ~~r ~ ~ ti fq"}tc1 ~r cfiT ~ ~ ~ c.._crm AIRlc'II >ITCH"~~~ ~r. .:, . (v) ~ ~ ~ mfttr.:r .fl.=rr fclf.'l41Acfi Qcf fclcfiFH ~ (3-!Hc1"14 .fl.=rr ifi9f.'l:ii1 cfiT tj.Jic1,{01) m~ ~f.'l«iJ-t, 200s cf>, f<lf.'l«iJ-to1 ~ mcV'tT) ~ ~ ~ 'ii f.'l 4 I el ~ lliT ~ 3{Tc(R=f ~ 31 ('lf.!iQ.c1 4T 31c'I f.!iQ.c1 ii f.'l 4tc!.' .:, .:, .:, :fiqf?H<l'i ~~ .fiqf?H ~ ~- (vi) a1fiilj:;.4c1, ~ cj;q.:fr 4T ~ 3-!Rcfl4 fclRl'\4 ~ ~ ~ fcl;1J- 7l"Q" cfil•l<iflc'I 3-11<<1~14 ~ ~ c._crm ~ ~ ~ ~ ~ J-tl.-4c'II >ITCH" mft' ~ ~ 'ci.:r1"1tc1 ~ ~ tlbr ~ (~ ~ Q;;fffl:ii1) ~ ~ ~ tlbr ~ ~f.'l4d4 1999 (vii)~ ~ ~ Wr.=T ~ ~ ti' ~ fclf.'l4J-to'i ~ 2 fclf.'l4J-to'i (<if') ti' ~ .:, ~11'4Tt. <i!IQ•II. ;;r. m ~, 3,~!\T [f>rfq=~1q=1 111/4/161/]2/amT.] 29 30 THE GAZETTE OF INDIA : EXTRAORDINARY [PART 11!--Sicc. 41 II g I • Iii -r; : ~ E -~ f l l r • i p~ Ii [ i i! i ~ ;, - • i I E I t r-r-r- r ,-. r ~I i i I "' ,-.,-.,-. r ,- • [ ~ i r-1--~ r- • ,. ~ I k t I" f ; Ii II ~ ~ i - ~ ~ I ~ • l e " i " • ~ t r ~ ; '.Ii! ~! r' f I "' i ,, I- ls I~ I t )>~ • t f ! ,, ; I ~ ·,""" i3 I ~ : l ~ t t ~ ,, ' • • ttq 1~ r-,-. ',-tlh : ~ • <c ~ ·i ~ • i r tc 4 0 ~ " ~ -- ~ ' I< 'i t " ' ' . ; Lr r 14 ~ !i- I ' i r rl', l i §1 I ~ t ~ ~· = ['ll'T m-= 41 31 r ' - '- "'. ! i ; ~ I ~ ~ '- ~ ~ J ii I!: ~ I I -- I; ~ !ii I "" ~ I!: t Ii.~ ~ Ii. = l I itl ! I} ii' • - i ~ ~ i~ ~ ~ I ~ I ~ i Ii ~ ~ E : It l ~ I Ii: !! lf lo ~lo i; I ~ ii ~ I" ; I ~ I l ~ ~ I i l ; "' lo l . ~ ! lo II' ~ i I • ! lo ! ! - It ! t ~I I I i i . ~ ~ " ., . ~ ~ ,~ i "·· ! = ~ i1 Lll ij1iJ, " Ii; ii l ..... ~ 1 .J 32 THE GAZETTE OF INDIA: EXTRAORDINARY [PARr Ill Su:. 4J w ~ ~ I? ~' .... ,. ... \ l,i. lfi * !ti ~ "' i ii [ .................. .......... mti .......... ...... )<!, * 1if ~ J;c I . ~····· I; Ii .................. !,i. ............... ~ * '~f ~ i if ~ e: Ii - i,i. ········- .................. ' ~ !11 * i' ~ ~i- 1" !!!, ................. ........... ~ .. ii . " "' ~ .. I .. !,i. ~ : ;, Iii * ~ L... - £, " i. I: t + - j,i. •••••••••-m•• ,c::, " : .. f " '-. i \f ~ ~ - L... € .. ,. .. + It ' g ... - L... ..... * I "' ~ ,if i L.. ... L... " ·-·······--.... -, ... , ........... . ..... ~ Ii ; L.. 'k< i,i. ~ 11 iii " ,,,,,[ .... ... .... i t ... !~ I- ••••••HOOo••••• ...... I ' i. t II l i. t 'i. t !I, ! ~ I ~. ,If ~ti 'ill ~ i it ~if,i1i1 ~""I iii ~i g <!fr I& ~ ia'i h' El I: ,_ "" l i ' i e ~ ii I ,, ._ " 'e ~f • -.. . ..... ['11'1 Ill ~ 4] 33 ..... ...... ...... .. ... . ..... ..... . ..... ..... .. .... ...... .. ............ ...... ...... .. ... .. .... ..... .. .... .. J ... .J ..... .. .... ...... ·····• ..... ...... ...... .. ... .. .... ...... . .... ...... .... . ..... .. ... ...... .. ... . ..... ..... . ..... "' ...... . .... ...... ...... .. ... . ..... ...... ...... ~ .... .... '~ ........ . .... l l ijt th I ~ ( ij t ,if _I .~ t, Ii [1 ii Ii & ~ ~~1 .!lit ~ ~ ~~1 'wil ~:it ~ lo [~ ,c§ is re .~. [~ I;1o ,;;;;: lo .2 ...... ....... 34 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III-S1°c. 4J ~ .w- i - rt E """ .J= "' I ~ . "' m,! " S' ~ s; i, I; ~ j : ~ ~ t ~ lo . sc ~ !~ 1< 'It r; ! ij "" - ~ ! sc is ,co ~ 1! j§: i"o ~ ~ ~ : 8 0 - I .I;: r~ ffi ·sc, it rt gt ,. ti 'Ii; - it "' '" I i I ~ ~~ ~1 W' lt I;, "' ~ ~H& w '" 'i ~ sc ,, ~ t~i ; -~ ,W ~ ~ ~ sc rt< ?,~ ~ t ~ ! ! fl!' t ................. ................... . ..... ~.,; ~ ~~f ~~I ~ I !~ t i1. "'I 16- ~.ff I& i l i § i,1~1if !I w i ; Ii l'" I ~ ii< ..... ~~ 16 !~ i l ll' ;li l! j ~ i' I~ I 14& ~ [ <I§' :! ~ :lo ~ ~ i ~~ ~~~ ~ 1< ti I(; t i lo " l V, 11 ~>A; ry tc >I= 2 " ~ 1< :i ~i ~'I a= i t~ij ~ ! ; ii g It ;ii~'("'[ ~ :1¥ ti l I t:..: 0~ ~ " '" ~ ,, ~ I m I !i • I g1 ! ~ ti I, "' 11111 II .. ,., .. lfll■ · .. ..,.,, -......... '!'P'H"'· ,., I' ... ,...,....,...,1 .,, II 11,,""'9, ,-,,~1 1, ,II ['1Jll Ill -<l!Us 4] 35 ~ ~ '-ff ~ ; ' ~ i fi\~ ~ µ,f "'" ~ ~ ., I ., Ii i:i ~ 1 t." ~ I ... ~-w i ! ft ti~ , ~""' lt'C it< i 1'i : ~11 1t~ l it< ' ,i~ 'l !:! ;: tll ~ ! i ~ i " ~ e ~i\ ~- t a ti i ~j g ;;; :I ~ il s: ~ ~ N i t ~- ~ ~ e fl< ~ !'.,~~i~i~, ~ti Iii ~ ~ 1 = ~ li ~l T ~ Ii i; I~ t, ~ ; ~~ ~ . ~ ~~; t_ i ~t,! ::; ~ i l'i . i· I i ,~ ~. I, I ~.. ~ ~ I~ i "" - I~ i g I p~"' i g ~I! ~ I ~ ~ ~ 1 l 36 """" " •• THE GAZETTE OF INDIA : EXTRAORDINARY ... (~lO'f' ~ - ...,, -'fffl,far#, ... ~ ~-~,,.., (tm;l'l'I"~ 'lff!l' ............. Offlr,llnh -· , ... "'l"".,. - ,._,,., -- -~ i'!TM · l'I'" <'l'lfT.PfCC 11 ~ ""' .... "" - ,._ - l"'•<l'll'IWV3<1Wftf'lll'f - -~·;;•,~1« '\,·W ~ f .jITT ~ • ,. "'·~·' i/,-,,.1;: ,,1,;'>,mr-,, ;,_ .. ,.,. ;,,,,,; ,,.,,,,,._:',tr;: .,, ;r.·,,, .'fij'<'hi,~ vf,i"'f;rr,f~ I. I ... 11,11111 I I I T ,. " .. ' ,.Q _.,,. ·~ ··= "'""' - ,., '" ., [V)•IHIIT ,..,.; 11'1)- ~· (I)"[!!~• ... lft.tl•tl ['4/IJ;, fo!•·I l5l/,!t-r- l---+--~1-----1---+---1---+--~1----1-----l----l lO.:,..;i.;;>1"!1" 4011,'ll""1i!f:) -· .. ' "' ,_ I I I ' , ..... ,. ,,,..-~ 2S%"R ... ,_ I I I I I I '!_"I fUII( :flJ' ~ '!""11' llT ~ ,ifffT mlT -·- t9lS # t,m 27rT (,/I;~ -"1'"" ~• ""'" , .. Q .,_,. __ l----+---f-----1 ,,,,,,,,.,,11) · "'"'" Wklil\4 [ 'WT IIJ-"Ws 4 J TI ,...,311 ~ Rm -Ill _, ~- l1'11131r ;llt * ..,__ ~-... -ati<tlffrintr -'R· ~:It: ""'"' ..... 1 2 . '1r.l' fl'IIT 'IIB llil' .... '"""'" '"" a-= ........ l::~1L ~)'Ff iioW ,~~ . Ji' r.mJlllll ,nt?:=:m I I I '!/"< Jol1'I ... 1 2 -·"' .... '1r.l' ..... ft 1lil' "'" r.mr-. '"""' ,mrr.r """" ,mrr.r ..,,,:n ,.,..., (>, =75%1 '""""'"""' ;f?r ~ wllfR<m'$ crfi"'1fi!r = ~ 1"'1<Wll·- ff1nl~Ri -,g '"""""' 'Jolilloff<~T 'ff ifW4;':m>f;;{;IT 3"' .... (11'5) ,~ '"""'_, __ : ' 1"""1ntr.if ITT"'lr11Jmr· ... ,,., ~TifiTTifiliT 4;' fflw 11T"'l Jr,>l 4rlH/rf ~ii (ffmr,t;- 'Pr:•n.,,., i-4;' r,,w,:. I~ J1iltr.r ~~ =- 4;1!;. I F-mr 311'~1111 ~ ,.,q11'1 (<% • 25\ 38 THE GAZETTE OF INDIA : EXTRAORDINARY .,..,, . "'5 lit: J{RT "''" '" '"" '""' .. , (IT+.1+1'111 .... ,,,., ·•.:.1 <26 """"' @11l: ~-, ,rg,r ~ - ,.,,., ' I l. ,,., 8 YI< "'' """c '6s • 'Fl¥ t:1'TfT 311 "' .1fT;c'r ,,, q;- f1T1l ~ (HT7r rT<1i) a,.,, '1l,1o '" ,,, 2. 'fJ/tH "115 Z ,7(/ I l1"IC/ q;r 1.1-tfl 12 .1fT;c'r q;" IOO<•I, 200() t:1'TfT 311 (SIC .,, 3 . .,,,,,, ,.,.,, ... ~ ,r ,, .. 2711 /2) ., = -""!""' q, "'"" e - ·l>" ;:: ........ 10illi" ~ ll#ff __ ..,, .. iffllf: ..... - - IIPT ._, 311' "'" .. '"· '"'"' 1J) " ' li;, ...... ~•n "" - - .,., ' ....,, ..... . .. ·-··· -'"' ""'= I ...... .. , .. .,.- ,,_, ,,,_, ..... , ''"""' /.,n•• ... """" ... "' - it.- - -- ~ .. ---- - .. "" ,t - ""* -· """" """" """" """" - ........ ~ .. ,;i. """" ~ l i:f'7H 2 ~ ' ... • ,.., .. , :,irn ~ i:fi" _,,..,., ~ "'" ,q,qffi" q'i ~ ~ i!1" ... ~,., i:;1-1°1" t_,., 'f\Jffl ~-m-~.,('I 7J'mf, , ···-· -- IU ll'llf: ~ .,., , .. "' . . """ . ["ll'I m-=4l 39 """-31!" (1q,~~~~ lO'fi" m>f llr'fi'lilT'fi".mr: l!PT - !II lra<IT: 31!"""1!' r.r;i;- ,,_"'"" lf"ifcloOI 'R: ,i;- ~ :It: q;;r sST jil>l'l_l<i sST ft!ro{ur I mrcr Ji ixllT:/ff) ,;;,rg,;- ~ilivl"'1" f.!>«, "ISTof: ~ ~ r.1m[ ""' '>IUII -,,_.,, ..... , .... l!Rlf;;;[ ~('Fl rcfrilol """ """ . ~(1+2) ~)"Of ~~ ~ 0 1 2 fi:rv% (1 +2) 31!" ;mr.r ln1U 1 ~~-~ 25% 'li1f * 'li1f ;;iffe \ . 2 ·~ 'li1f '!1' ~ ' . 'li1f 50% = ~m 3rrlr 31ay•M=aa • ~(3'ro'fnl ~ 3 . r.rinr '!llfOT 1llil<l!' fil'..-.r tr. i:rnwr 11s 15%q;)=f" ~T * 'li1f ;;iffe 2.3fNI frlqS[ ill. (I) J.ml ~ 35%<1° :,rf!lq, ;;iffe (Ii) 3fNI 1,tqsf (15% * :,rf!lq, ;;r,l'h ~(1!"1i) ~: i.mr ;;;r = IIRlf ;;;r (.t)>!; ~ """ """ ~(21) ~ 0 ~)"Of 'liol% fi;!v \1':' 0 ~~ ' 1 2 fi;!vo/4 (1 +2) ill ,nr-r31R 31m ~.mww = 1 ~~ ....... 20% 'li1f * 'li1f ;;iffe 2 ~ 40% 'li1f ~. * 'li1f ;;iffe = ~m ' = j\;,Sl)R<'I ~ (3,'R: . '"' 3 _o TTc;nloml>'f 60%<l ~ :,rf!lq, ;;iffe 40 THE GAZETTE OF INDIA : EXTRAORDINARY . ,,.,... ('IT m.m: =r'lif'lf1'ff "'"''"''• ,ITT}[ 'Ii[ 'f<"% lmJ Rl>lT\IT '!Sol '!Sol 'f<"% ( 1+2) ~I'! ~ ~1" ~ ~ .~ m* 1 2 fi:np/4 (1 +2) ffl ar\f 'Ii!" 1 """''t'" =r 75%~ ir 'fS>f a,ffe ' 2 3f"<f lil'RT 25%~ 3ITTl;;; a,ffe 'tiM(,ttl ,V>IJO!lir ~ l'IS<!T ;;mrr t "" 3!'l<f = 3!R r,mm, '1s 3f;_p1TT <lln' c;r ~ _,, ,,, ,ttfl, 'j,_0 1 f,J!R '.r" > ,rirm <lT qil[<l[ a,ffe = !\" lltfl<i: ~= , . w 1.i1Pf: ' ~· - 11,11111 41 lrf<RT "'l,_TiiJlf :,~~ ~ q;y 'I ira,rq;.,,,,;;~.,J .,, .. "~'0 <{,JIIY"'v.11 <J'_ .... t1yl.!~L <f/H~'!of3 ' 3lo'<T (<lnW) F ('1"1>) "•r•,· jfj<!Jdl ',!<HI, 'fir zyTT ( 3fi'<f <-fldl F /ilnf ffl = (V-i!T :;'R il" "ffi'' iflTff '!is ~ 11Rl1/<o~ 2 1Rl1/<o~ 3 .1Rl1/<o3i 1$1,oi F (s•l 3li'R' ' = (ffl-5T) (<r!G a;)t,n, lm1vr-l' l(i 1'lim aTc!T (\ l !, <f(IT c'J a \i "11•, -""' m;'f ti, 'J;'T 3ffi ~ :ITT ~ ~~arm&mc';<fl~t\', ~ 3-l'l,1' ,rr., 3l\"{ fcr~c!IB 'fir ~ }ltlJ;T ~ ~ fottr. @ltf: ,~1m: 1-«tU .m:r: ~Tiim !,ITc': ~ 3ioi!<51I ~ tffi<IT 'fir """"~·~ <R'nT 6 <fi <'tr di 'JR, 2.1Rl1/<oji1*'-'<>1 ~'!is~ <ffi<!T <fi <'tr 42 THE GAZETTE OF INDIA : EXTRf.-ORDINARY [PAR! m Src. 41 I ! . • • ~ w - ' ' i ' ~ I ·. g e N ~ :". ":::: ~ . ~ ;: I: ; I j - ; i I •.r; ! t! ~=f :I i Ii :i t ~ ljtl ~m I !i i> .. , .. :l • ~ ~1 ., " u: J ~ ~ • i11o f 11 I • .. " ! !i If ~ ~ I i11 it< & I e N m • . " N m i -I f i" [ a f ! ti i ~ 43 I,_ f'- • l' . I;: i i [ I ! ~ ~ ! ~ -- i, • ~ ' • I • i t " : l, • ~ I l ll g i.. ~ ~ ~ ~ l Ii ~ ~ ll H< i .. ~ 0 0 ! t !u~ : i t ! ! ~ ~ Ii' Ii' ! ! < il • " ~ ~ ~ ( ; ;1: ! ~ I " " ' ' ~ ! ff, t ;; ~ ; t ~ -, It It, I~. ·ltt, ~li ! Iii I i! l ii ~ "' Ii ;, rf ~~ ~ i" ; ~i ! ; . i!i ; ~ ~. • .. 1 tlit~ m I t _ ,i t<f t a: n :;:: ~ ., sif ~ ~ ~ .; " .. ~ .. • .,, "' .... .., N ! 0 N . rt ! ! i! ! ~ 44 THE GAZETTE OF lNDIA : EXTRAORDlNARY [PAR! III- Sic. 41 - -3i!T (lO,. * ~mr ~I 'ITHf 'hY<>il qi' ;;-rrJT: !l1"I -.r ~: = q,: q; :ftf ar: <;lC,< <?>I jj/<'f'/_11< cf,! TTfiRUT 'C c/><1$ (JllWR'clTf'lT7} lr@c <M<rl 1"1 loi'lc '!SR,: ~ ~f· tild ,r sol ,inn tt13n311$ l!H1l! W< - ql'[:)1 ,~ 1-1·.rm:,i q"ii>f - ~¾ chf<;,.; 1~<! ~I~ \Tr~ q .;r:1c, " miJl,~z it') i<lil ('1,+.r) 1 ~rr-(1((f <ffF[{ \ITi\!{T,~7li 2 <liRJ"!ffi<!iR m'J:ftm {)C,'7T = :m;: "' )1-"! 3f;;,nj;l;" ~\YR 'EIT(i)) ' l I 1<10,f 1ff"T ~ - !n'f IJ. 3ITi!ffi :JITT 31'Rfffi .lIT{ ,ic); ct; fut.; 1TT[;sit if,T a,ur 1. f.<fr<f\7 luiQ~l 2. }la-<-.f Tciil~f ~l. sH,m\, f!lii<TTJ!i J't iM~r _, - 1. ,-<))''/:'cf T.Ji'fll - 2. 3fo<'.f T,i-fcf~T <11. <-'11<j,-d Tofi!~T '5!. .3lcr-2{ 1.,..--:ct~T ( 7. 5 % ~ 31ifrq, '=1 ~"' l111[1J['f: ,,.11urd ,,,,4r siren g ,., -"Yoi ,irof Jn, r.ii<lIB ., Jr".J<ffi ,:r-t<J 1;r ,i,i- STT'""'"' <ao•. '!;'\ g JIT, t'I ,.,, lf!T'IT <IT c;.lf'IT <if/'\ ·a,m ~- . lci l'l: ('@TilTT: <J'(Tawl: = furn ~ '11<: 1. _ilfi'{ (r;, + •11, '""' "'fo'fJ{R' '1'H 3 iJT (:IIT7T f!) ,r :Me ;Tf[[ '1<n$1 <i• 81'[ /Hclf,t I r. 11,11111 ... ,. hfii lfi 1 45 I ., ~- ~ I,,! i -~ If I& - ~ ii i ~ ~ ; ii ft I -16' t t ~- I fi: ~- i I!! >It >lt!,::li ,Ii- ~~~I .. I: j,, M ,Ii- ~ ,Ii- l I 11 ~ ~i~-1;; i - ~ ,Ii- ,16- § ! ii 'f&§,li-~, . I i ,- I~ tf ~ .,. .,If i ii-16' ,l,c, § .... 11 ,Ii- ., *tlo'f& I· § ·~ .,, I ! ! 11 >It-tit* l ; ii ,,~ i*l! § -- 0 I - -- ij .-t l Cl>' ~ ,1o-f 1~ - l .l ! i: ' i,1o-f,li-!f , • & g i ~ (t:1 l~ - I * I * >It i l ; .; 'J'- 'J'- ·_ -~ § "ft ~ ! ~~~~ If i i ., ~ 11 I ,If .. li I,, - 46 THE GAZETTE OF INDIA : EXTRAORDINARY [PART Ill--SEC. 4] l ~fl&tt !!l!!'I& ~,, ~, ~it~~ ~lj~I f-~ !j 1~;!~ iit~ij !!! rrr OY 'W ,I& ~ ~• 1i°5 '#, ~ ~- -~ § w • . -~ li'; ~ .-" l=t % 2 I& ~ ~ ~ ,I& a; ! l I"~ ~~~~~· 1 " - -t, ~ l'ij : -' ft i w I ~ ~ t~ ! I 4, !ii ,;,i I ; [*!i ~!! ;t; t ! i ! I § i I ·! ! I t: f I I i i ~ 19 ['11'1 III-~ 4] "11«!'"1~ :am!'lR"T 47 I = 48 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III-SEC. 4] I ' 49 ., ., ~ ,, > tt:; e: 17 /.?,-/.]. 50 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III- Su. 4] ["WT Ill-= 4] 51 I ,,i vi I.O ,...,: 52 TIIE GAZETTE OF INDIA: EXTRAORDINARY [PART 111--SFc. 4] I [ 'l1'l III-~ 4 l '!m!"q;!"(1ol'r,I :arnNRUT 53 I 54 THE GAZETTE OF INDIA : EXTRAORDINARY (PART IJI-SEc. 4] I , [ '!]Tl III-<lil"1l" 4 J 55 r I ., ~- ~ lo! i -~ 16 - f B= ' I I I It i ~-. ~ I I I· ~ ~ ~ 1 tE """' . .r;: 'ii t ~ : ; l i 1.! ! ~ff ii~! I~ ~ . i It, ~ '.:'· & ?I/. m 1; i -16- 1t t -~ i ·, j' 1·! i,: i, ~: .. ~ ~ i·~ I; -~ ~ - ., • 1.,. i" i1lr 1 ... ~ -i a! i ~ ~ ~i !f 4&i ~~ ii j ~ 1i ~ 1 ~ .. 1 * .i I .! i i .. ; I i 11; i; -i 1lf j li-!i t~~i ~ I I .. ,; t1 ii .:1ii111 ,; ~ i -~ t!-1 lhr,~ ~~ . -~~"""'~ 4&. Ii I It ~ ~ ~ .~ ffn w lf;i -i .,; '° N N N ., lo 56 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III-SEC. 4] "' I ' . I ., ~- ~ I"! i I& - -~ j: ! i 1 !if ~ -16' ! t I " ' :1?1 iii ~ ~" J Ji ti ~ ~ . I !" ~~ -l's: i*. '~ -16' J :!iif Iii! li ~- J;'E, ! ~~ -16' ~ I&~ ' ~,i.1 tj ' ~ I ii i i $, ,-1 ~ I .- I& I j ~ f -16' ·; f ~t!'I! --~1 I : ~ J;'E, I }<Ii 't,i. 11,i. ,j;; g ~ ,i. ,i. i - -Jg! 1'i; a: i ., i ' ' -- -16' i !i i ,j;; -~ N ~ I tai: "l g' li;i-16' is! -- ~ ! ,i. ; ~ I t ,. I " 1' t ~<lit, !~' ~ I Ii I~~~ ~ i ! i,I i ~ i f ,- it~& ,-.: co cri ci <Ii .... ,..; N N N m l 'l1'T lll--~ 4 J = q;J = ; :m=rr= 57 - -- - .. ---I ., ~- ~ I,! i I& - ; It '1:t° ,I& ; t '1:t° ,I& % I ' ,I& 1 ~ ,I& ~ ~ I;:; ,,J i '1:t° ,I& l i i ~ w ,I& l '1:t° ,t t -~ i ~ <t !~ ,tu:, ' i, i ~ ~ i ;f5- ,tu:, - i 1~ "' Ji j ,I& ~ ,tu:, ii I I i - ~ iJ :r2 ~ Ji ; I ~ ; '1:t° i ~ I ,i;,; ., I 1· ,I& Ji t,: i= ~~ l It Ii ·lit, l l ,i;,; -i - 4&i i ~4& tr Ii Jo ~ t -~ m I& I, I - i 1·;1 -! IJ 1; i ~ j m ~ I& i ~ J "' ~ ~ 1& ~,!& 1~ IJ ,I;,; - r-- ~, i ,I& ,I& - -J 4& i t,: ~ i,f i ~ ! Ii it ii iii ~ ~ ~ii ~ i ,,; ..; ui <D r-: oci 58 THE GAZETTE Of INDIA: EXTRAORDINARY [PART lll~S,c. 4] I 59 ff.) THE GAZE1TE OF INDIA : EXTRAORDINARY I !. i(w ,iu:, I ~ i O - t f? i ~ "Ii<, i I i i !" ~ ~ !, ri ,I& ri J;?, 0 ~ s: N ~ ll ~ ~ I l2. i "' f, r--- (£ j ri ---- !" t 'W i i ,I& ~i ~ t i iiU:, ,I& & -~ i ~ ,I& -g, 1- I ---- -~ it ~ f ,I& ·i, l 1! ~ ~ I I I lo ., It !,& -::,. i ~, i -~ ~ J;'i., Ii 4's j i ,I& ~ ~ j 'w f. - ,iu:, I ·Ii ---- i i i ~ ~ !, i J;?, i t I ff ,I& ti ~ ,I& 1~~ .'J& ; ,I& ! ~ -~ j m i i. i I I £ i} i I ti:! ~ N ;'.i di! "' .; N N N l I ~ ., ,iu:, ~ 1 I l e. ~ lo I 61 ■ w 1 r~ !iii4<1 l,f ! I' !i [ ~ ,, l · 1l'iS'~t;: ~ ,§ • -i • gi wti ~ i i ~ft ; ~4< ~ ~ ; . i - ti,t!"i, i~ l ElJ.ji; ' ~ ti !, i' t, ii ~~ ~ - ""~ [ - "1f" i ij .. iii !f ;i ! 4& ' fi,,4< I ~ i! " ~i.,.! " - I & l " ~ ~ 1l'.,; ~ 4, I, !,jf H< ~ I!: ll'i ~ - ~ ~ ~ ii, ~ ~ ! ' l,i il' I I ~ I .. "' t ~ ii I ~ - "' ~ " I ~ ll' ;I it i i • ; i ~1:1 :i - Ii "' ~ I ~ l ·~ ,. '1t ~' '" ~~ ! ~ ''.~ ~ I ~ [ ~ '""' ,; t - !ij - ,. ~ ~ ~ m ~[ ~ ~ f I· * J 1< !, I !, ,I&.,; I ~ I, , l j ,~ ;;, l - '"' ;; i ~ ! ,o' • ~ Ii ! !!f ~i ~' ~ i ~ ~m " " ., li it"' ~ I Uill~i !13,mi .. ~ _{ i l ij "' 62 TIIE GAZETTE OF INDIA : EXTRAORDINARY ... ... t " H-i-+-,HW; " ~ " ' ... 63 ~•4V I'" 10 ...,. --~ 111111T ......... _, mt, ~ 3tr VTn '4; ... # "' l'/mnft~ fi'lv -- ~: ~R;.'tR': ..... .,, ~ ~ ~ ~ .. .,,,;., ~ """'' "'l.l' .. , .. ,.,. "'ll' "' 9 r,<rn """"" '"""""' '"''"" -~ 1-1 -- "'lmT"""' ~fi'lv- ,i')"1 "'"""' .. ,. '1 " if "''El'-'11" "' """"" ~lill\11('1 1"'"11 ';;rJFf1' ~ I"" "'!:ii Ct,I i ~ ~' ~ 3IR ftJ iHI .-fl - '"' - ,,_ - ~ fi'lv ... ~ f. !tfT illil'l~I ~,~PT Jr<li -"" ....,..., "'""' , .. - ~= "'°' 1. ;J'f~/q"('f rffl('f'! ;:{ .ff'f"1 jir'f 1n 'ff <FT TN~ q'f'-;;r;:r l<ti4I :;rrr:rlff 2-;;:= ~,~ -"1.,/,tc; f('f<r.5 ql/0/ ii, 1rlrr .Jm' Fe~ /('f{' iilr.if'R" ~ rn: ~'"""!..'qi 3f'lfm" '17 ~ 64 THE C,AZETTE OF lNDlA : EXTRAORDlNARY [PART Ill - Sec. 4J lllm-4V l!l1T 7 il11'f1f;tli!Ti!11f: ~ re- tR": "· sSU$ =1v ,mt ~ 'I<'! >1''l'M a f.'rihr ~: ~ ~ '!l>jp ~ l!>W"'1' ~.;;9 '-ll,c:-<;"11<-lt;fi = =* ~'Iii ~ * fo'm~r Rif.14'1'1 '1m :iqmr 11T'iT'ft1 ~* =:illm Fe\1:r - ~~ mm; . "" oT <J i'[ = <r-oT l> ; """1;iffi'ff /<f;~l/1~ ·.rri,'{!'/'JII; :f"H!ifl'<¥'7'i'R'Tmlr,.,.,,,./!;'1T;:;ffa,<r,rnr.,3fR ffn~ <FT~ - q;r,t IF ft/Iv i'R' ?t tf; 2. , >'R - ~- le/?F!!' iff,TO/' ,t; Tero Jm 'J!'tc' ;;,· Tero <ITcirT?' 'I.RT CR' f<F tti"l[ * ;mm- CR' 'Fis ~ ;;rrrr,rr , , 11111111 , ... .., m:a:a ·• 65 --4V Rl1J. 10 ,l; ~ _,. "'"'' ffi: Vll'!l3V ollt al; ..,. ,!i- ~r """"'"· ,:l~<.tlGI (\1 1{ lf'1q<cf ~: ..... ,., ., • .,_._.,., ... 9 °'""''""'' '"'"" '"'"" ... ,.;r- ~al; f.mr llTf.l,rn.r (ollt f.l; 3r.j<IR (<'i'<nft) ~ al; ~ <rn<or ~ Felv W>!lil$ ~ ... ... " " S a,,_,, " ~ ,.,,,.,n ,.,., ;;mn ;< '" ••' a:r .,, ,.,.,.,", ..,,,, i•• "'" ~ .,, .,,, ~ ,si: ,.,., mrr r; ,rr ;:111 ,_., ;n;r, ... am ,.;r '!lri' ~ ~ al; filiv lSl ~ !. "'""'' ""'·' 'I."_, - '!""••= !fK/_ 1. ctll<'l.,I ii ,'ff "1lq,,,_ 1/'1; .,m ;;r,,rr, --- . '111.1' "'1T'1T< q, 1<,,,, .1 'fi"I' 1' ec<1q, '¥f '"5 (1RW'ff.t11~•"'I ;/;' Few J/17 rnie8' # Jrel'T # ffef'R"" '1it'1T ~ ,w ;/;' i%cf .11'/.t p F.mr :/i<m'fr 2. .. .. •N - 'f,1<1C le/OS q,1• q, /e/0 .t/N 'f.l°'C q, /e/0 lfwff< '[RI' 'I< ff"' q";( q, 3fTFJTr 'I< '"5 "11$1 ;;mm/' , THE GAZETTE OF INDIA : EXTRAORDINARY [PART III-SEC. 4] ') ~ + ~- -m i. i I .. ii ! ; i i i i N it ~ &'. t 5: + ' ::. e e e i w. W, W, w. ~. [ e i i f i ) t i - . . ,~ , wi ' iw i i , ,i ~ i lf i ! ! Ii i I! i w i ' ' i I f i" I !t I Ii i l* I m I m I I I ! ! . I I ill I ~l i· ~ t ~ t ~ !! ! ...; " @ ...; " [ ! ~ * ,~i i i ~ ·1t1i~~ !~ ! ~ "' m •. l~ . ! ti ['11'1 III-~ 4)_ 'll«r "ij;f l]al<r,I : -= 67 ~ , Ii ;;; I& • : • ~. ~ '.~u· i. • b. Ii> ~'---t - • It "'- t ~ ~· t - ~ I& ~ ., I I ! "' I& ~ ; t ~ t.., - 'Is- ~ I ~ l ~ i ~ ~ I;, l I i lit l ~ : i .., . t ~ ~ ~ -I& t i ; l t Ii; i ~ l I& ! I : l i ~ ~ ~ Q t ~ t I;, l ~ r ~ I& ~ I& i ; ~ ~' ~ 16' -I& ' ~ ~ I> ~ !l; I I "' 5 ,. I;, 'Ii ~ ~ g i l i ~ ~ i I ~- i I> ~ It ~ -I& ' t t t ' ~ I& ~- t ~ ~ I& ~ i ~ : ~ I;, ~ I l I& I ~ ... Ii; ~ ! i m ~ l Ii ~~I;, ! ! "' ! ~ "' t ~ l i ir ~ .,, ..; "' .; .. .; t l II • I t; 68 THE GAZETTE OF INDIA : EXTRAORDINARY [PART !JI-SEC. 4] • '!<¥ F-1,r,r 'IITil, '""''"' ,.., 0 0 0 0 0 , , !"""l""' >,!<II I ,, I [ 'lT'T II I e!J1ls 4 l (Fl , .. , .. ·• I fi ·- ......... ....,., ~, ' $lf- tfi1'" .m=r: """"'1Qt.;><'!>t, !lm 28 (2) / 2812.,, / lllmo • 28ifriftm3!lllf.t,m (3),1938~ ~ ~ ... , .. ~" """' ~ .,_, r-1<1.-r«ll< ..m<r-11 • .., I'"""" (""'1 'f""(.w) -= ~ (oW) ·- = ·- 'ITToR![ ·- = <ral1'1+ ........ """"' !IR'lit - <l)v,f 1 ..,..,,,~ ""'"'· 2 ..... ,~ ""'"' "'"'!.'"· """' ""'"' II:, <lfi'l'J.fi'l"1 ..,, :,r.a:r ~ ~ 3 ltrlqilf '3l(l"r ~ IClllll(l 1l.~ .!I'll(~~ «t '!"I,~ 1is FFE ~ ~rrnnT 2.Jrrzr ,..,CR', ~ '\,••~•o•,; ,., .. , 2.3l'rli" l..,Cl'c'T RT.~ liRffT 5T. Jrrzr Ti'lcl'1T ~~- """".,.., \m""1JV@"'ffi\t , .. 3$~~flf;,lt ~ J!K, smrfr, flmfr, ~ "" ~ ""' fi'lfir Qt ..,, i!F(U1titl.,;H ~ ~ ~""~~- . l«<lrlR _,-, _,-, 'l<' ....,., 'l<' '""' 'l<' '""' = ,.,.,ra; 1 2~ra; _,-, i(I i=ITJJ: S[tl1;, """' ,. ~ fl#fllUfif•Ri'fT r;/ff(H' 14 i1F' ""' I ~ /Oftrl<U.H, 1996 if; 2.'!J"'l' 1/i 1,:.tff l'1t:;~lf if; .J/ijRR" ~ 3 .. .ifTQ,if l/lHT /fl{~/( if;' J,ff,H('f R, I/Jli-1-6 'f.qt!/"'f!("I 'liY' ff' /('fl.' y,-.ua, ltl'flU if; lflftl ;:f .HIT llirir 1f 4. <fRTTll'1if 11' ?Ir,,'"" I"'""' ;," '""''" ..r .,r.;,r. 'R' '"'"' ..r <W< 3ll< Tfi'f 11' nw mn-mf.Jta fiti7n' ~ i11fp?: ~ Jf/fflT ifiT Rlil1f ff1ffU1V:f ff .if!fT /Wfl Wlfi~~ . 70 , , 1,.,..,,r ('.lVi3il1 ',!TTo( <Ii" 3M'1'11T :,;~-! (1';?.'..:,,..,..,.,.) _, ~,.,, T/.~"'111! <f-1 \14,"a', i4/;,)'" ,~ /I ., ;;t(" ,,..,,.,\,.,{•~R:" ~il"w i-;t ~ IR, .n ff~ Hin <»T }ld~l it; ,:'.'\:n;, f:t,,_, ,,r, THE GAZETTE OF INDIA : FXTR\ORDINARY I I I I <IF''?, Jl HiJ · ~r..: 'I!--if;l" O/",c (,Ht<ll ~,. -'f.) ·, ,,/f{ <'_•I ~•<, ,, "f'.ls ~<• 'f) 1 ~•rn!IT"cl l<!•'JI :;flc!f ~ l~i n,:'" 1 <1-, 7r-r;1T'H <1eT 1" .'li{ tf'l<i ":"' ,P '1e.R ,,.icm ;,,{;.J" 't!i F'.J,;r 'I P J:i:': lt.~fr w:nfu'8 t f.,, 001"1 i'J·;:;:11, t A'.; ,r,:;1- n f;;-;;r •PF :';:'\-,\'l; WITT t';rcl~r tr. \~rr r:.iton ii >\. '!-''1 TT mm mm tr{ rr.n'rfi«:r "l'ntrd'- * a1'1r; · " 1 ·,~ 1 · 'fi ;r,r;:r:;r ~ _;;;~, 'C!T n-· ~ 't\o ,,, ,.~ ,, .i,'l.'!c'r. 4 . • ~, ·~r :;;r;r.;-rr ,-flV'h '!:5 ,.:,:"' Jf:, ,,TR{? .o,:, m .J'R" ll.Tfjf ~ Jftr lf!7'l"T fR ;, 'J:;{a,f." 3/1.','r"/•I'! '!? /iFt1 J/(' t/Mf/f,{ d, ,.,., f , 7 J- F: I/ ,<f'<K ~/:('•" -'l/.'/U'F .H!::r [': ,1,;•,r ✓ / 1 1/Ji,M?7/;00,; Ui ./, ,,ll !-{ ;,;;.-w <i"f<:t Cf{ :pf({(;.,~ I I I I I I I I I I I 111111!1 [PARr Ill Sr< 41 AIIIIA INSURANCE REGULATORY AND DEVEWPMENT AlITHORITY NOTIFICATION Hyderabad, the 16th February, 2013 Insurance Regulatory and DevelopmentAuthority (Investment) (Fifth Amendment) Regulations, 2013 K No. lRDA/Reg./16/74/2013.-!n exercise of the powers conferred by Sections 27A, 27B, 27D and 114A of the Insurance Act, 1938 (4 of 1938), the Authority, in consultation with the Insurance Advisory Committee, hereby makes the following regulations to further amend the Insurance Regulatory and Development Authority (Investment) Regulations, 2000, notified on 16" August. 2000 in the Gazette of India and amended on 31" May 2001 in the Gazette of India. further amended on 2"" April, 2002 in the Gazette of India and further amended on 5'' January 2004 and further amended on 31" Jul, 2008 and further amended on 8'" Feb, 2013 namely:- I. Short title and commencement: I. (/) These regulations may he called the Insurance Regulatory and Development Authority (Investment) (F(flh Amendment) Regulations, 2013 (2) They shall come into force on the date of their publication in the Official Gazette 2. Amendment to Regulation 2: Regulation 2 of the Insurance Regulatory and Development Authority (Investment) Regulations, 2000 shall be substituted with the following:- "Defi~itions 2. In these regulations, unless the context othenvise requires,- (a) "Act" means the Insurance Act, 1938 (4 qf 1938) (b) "Accretion of funds" means investment income, gains on sale/redemption qf existing ilf!f!tment and operating surplus (c) "'Accounting Standard" (AS) means: Accounting Standard as recommended by the Institute of Chartered Accountants of India and notified by the Central Government under the Companies Act, 1956 or any successor enactment thereunder (d) "Aut/1ority" means the insurance Regulatory and Development Authority established under sub-section (/) of section 3 of the Insurance Regulatory and Development Authority Act, 1999 (41 of 1999) (e) "Financial Derivatives" means a derivative as defined under clause (aa) of section 2 of the Securities Contracts (Regulation) Act, 1956, and includes a contract which derives its value from interest rates of underlying debt securities and such other derivative contracts as may be stipulated by the Authority, from time to time (I) "Group" means: two or more individuals, association of individuals, firms, trusts, trustees or bodies corporate, or any combination thereof, which exercises, or is established to be in a position to exercise, significant influence and I or control, use of common brand names, directly or indirectly, over any 71 72 I THE GAZETTE OF INDIA : EXTRAORIJI1'ARY [PART Ill Sic. 4] associate as defined in AS 23, body corpcwate, firm or trust, or (ii) Associated per.suns, as may be stipulated by the Authority,from time to tin1e, hy isswmr:e of }!Uidc:ines under thest'- regulations. (g) "Investment AssetJ" mean all investmc::nts made n!{t ('.f (I) in the case of a Life Insurer (a) shareholders' funds representing solvenc.v margin, non-unit reserves of unit linked insurance business, participating and non-participating funds of policyholders at their carrying value (b) policyholders 'funds of Pension, Annuity business and Group business at their carrying value (c) policyholders' unit reserves of unit linked insurance business at their market value as per guidelines issued under these regulations, from time to time (2) in the case of a General Insurer (a) shareholders' funds representing solvency margin and policyholders fends at their carrying value as shown in its balance sheet drawn as per the Insurance Regulatory and Development Authority (Preparation of Financial Statements and Auditors' Report of Insurance Companies) Regulations, 2000, but excluding items under the head 'Miscellaneous Expenditure' (h) Money Market Instruments Money Market instruments shall comprise of Short term funds with maturity not more than one yepr comprising of the following instruments: J. Certificate of deposit rated by a credit rating agency registered under SEBI (Credit Rating Agencies) Regulations, I 999 2. Commercial paper rated by a credit rating agency registered under SEBI (Credit Rating Agencies) Regulations, I 999 3. Repos, Reverse Repo 4. Treasury Bills 5. Call, Notice, Term Money 6. CBLO as per Schedules I and II of these Regulations. 7. Any other instrument as may be prescribed by the Authority (i) "Promoter" means a promoter as defined under Regulation 2 (m) of /RDA (Issuance of Capital by Life Insurance Companies) Regulations, 2011 (j) "Principal Officer" means any person connected with the ,management of an insurer or any other person upon whom the Authority has served notice of its intention of treating him as the principal officer thereof (k) All words and expressions used herein and not defined but defined in the Insurance Act, 1938 (4 of 1938), or in the Insurance Regulato1y and Development Act, 1999 (41 of 1999), or in any Rules or Regulations made thereunder, shall have the meanings respectively assigned to them in those Acts or Rules or Regulations" 3, Amendment of Regulation 3: Regulation 3 of the Insurance Regulatory and Development Authority (Investment) Regulations, 2000 shall be substituted with the following:- '"Regulation of Investments 3. A life insurer, for the purpose of these Regulations, shall invest and at all times keep invested, the investment Assets forming part of the Controlled Fund as defined in Section 2 7 A of the Act as under: 11111111 '~'" 11•lilllf•lfll■ 1 " -~•-lfillllll" • [ 'fill III-= 4] 'l1«I <Iii~ : 3lmtlRUl a. all fends of Life insurance business and One Year Renewable pure Group Te,;m Assurance Business (OYRGTA), and non-unit reserves of all categories of Unit linked life insurance business, as per Regulation 4 b. all fends of Pension, Annuity and Group Business [as defined under Regulation 2 (d) of /RDA (Actuarial Report and Abstract) Regulations, 2000] as per Regulation 5; and c. the unit reserves portion of all categories of Unit linked fends, as per Regulation 6" 4. Insert New Regulation 4: Insert the following New Regulation 4 to the Insurance Regulatory and Development.' Authority (lnvestment)Regulations, 2000:- "4. Without prejudice to Sections 27 or 27A of the Act, every insurer carrying on the business of Life Insurance, shall invest and at all times keep invested his Investment Assets as defined in Regulation, 3 (a) (other than funds relating to Pension & General Annuity and Group Business and unit reserves ·of all categories of Unit Linked Business) in the following manner: No Type of Investment Percentage to funds /is under R-•lalion 3/al (i) Central Government Securities Not less than 25% (ii) Central Government Securities, State Government Securities or Not less than Other Approved Securities 50% (incl (i) above) (iii) Approved Investments as specified in Section 27 A of the Act and Not exceeding Other Investments as specified in Section 27 A(2) of the Act and 50% Schedule I to these Regulations, (all taken together) subject to : Exposure I Prudential Norms as specified in Regulation 9: ' Other Investments as specified under Section 27A (2) of the Act, (iv) subject to Exposure I Prudential Norms as specified in Regulation Not exceeding 9: 15% (v) Investment in housing anrJ infrastructure by way of subscription or purchase of' A. Investment in Housing Total Investment in Bonds I debentures of HUDCO and. National Housing housing and a. infrastructure (i.e.,) Bank investment in categories b. Bonds I debentures of Housing Finance Companies either (i), (ii), (iii) and (iv} duly accredited by National Housing Banks, for house above taken together building activities, or duly guaranteed by Government or shall not be less than carrying current rating of not less than 'M' by a credit 15% of the fend under rating agency registered under SEBI (Credit Rating Regulation 3(a) Agencies) Regulations, I 999 C. Asset Backed Securities with underlying housing loans, satisfying the norms specified in the guidelines issued under these regulations from time to time. I B. Investment in Infrastructure (Explanation: Subscription or purchase of Bonds I 73 74 THE GAZETTE OF INDIA : EXTRAORDINARY [PART lll~SEC. 4] No Type of Investment Percentage to funds as under RePu/alion 3fa) Debentures, Equity and Asset Backed Securities with underlying infrastructure assets would qualify for the purpose of this requirement. ' 'Infrastructure facility' shall have the meaning as given in clause (h) of regulation 2 of Insurance Regulatory and Development Authority (Registration of Indian Insurance Companies) Amendment Regulations, 2008 as amended from time to time Note: Investments made under category (i) and (ii) above may be considered as investment in housing and infrastructure, provided the respective government issues such a security specifically to meet the needs of any of the sectors specified as 'infrastructure facility' 5. Insert New Regulation 5: Insert the following New Regulation 5 to the Insurance Regulatory and Development Authority (Investment) Regulations, 2000:- "5. Without prejudice to Sections 27 or 27 A of the Act, every insurer carrying on Pension, Annility and Group Business[as defined under Regulation 2 (d) of /RDA (Actuarial Report and Abstract) Regulations, 2000] shall invest and at all times keep invested his Investment Assets of Pension, Annuity and Group business in the following manner: No Type of Investment Percentage to funds under Reuu/alion 311,1 (i) Central Government Securities Not less than 20% (ii) Central Government Securities, State Government Securities or Not less than 40% Other Approved Securities (incl (i) above) (iii) Balance to be invested in Approved Investments, as specified in Not exceeding 60% Schedule I, subject to Exposure I Prudential norms as specified in Regulation 9. ' Note: For the purposes of this regulation no investment falling under 'Other Investments' as specified under 27A (2) of the Act shall be made" 6. Insert New Regulation 6: Insert the following New Regulation 6 to the Insurance Regulatory and Development Authority (Investment) Regulations, 2000:- "6. Unit linked Insurance Business: - Every insurer shall invest and at all times keep invested his segregated fund(s) under Regulation 3(c) (with underlying securities at custodian level) of Unit linked business as per pattern of investment offered to and approved by the policy-holders where the units are linked to categories of assets which are both marketable and easily realizable. However the investment in Approved Investments shall not be less than 75% ofsuchfund(s) in each such segregated fund" "lffi[<j;J~ 31m>lR'Jl 7. Amendment to Regulation 4: Regulation 4 of the Insurance Regulatory and Development Authority (Investment) Regulations, 2000, shall be substituted with the following:- "Regulation of InvestmenJs 7. General Insurance Business-without prejudice section 27B of the Act, every General insurer (including Health insurer) shall inv'est and at all times keep invested his investment assets in the mdnner set out below: No Type of Investment PercenJage of Investment ksels (i) Central Government Securities Not less than 20% (ii) Central Government Securities, State Government Securities or Not less than Other Approved Securities 30% (incl (i) above) (iii) Approved Investments as specified in Section 27B of the Act and Not exceeding Other Investment as specified in Section 27B(3) of the Act and 70% Schedule II to these Regulations, (all taken together) subject to Exposure I Prudential Norms as specified in Regulation 9: Other investments as specified under Section 27B (3) of the Act, (iv) subject to Exposure I Prudential Norms as specified in Regulation Not more than 9: 25% (v) Housing and loans to State Government for Housing and Fire Total Investment in ' Fighting equipment, by way of subscription or purchase of' housing (i.e.,) investment in categories A. Investments in Housing (i), (ii), (iii) and (iv) a. Bonds I Debentures issued by HUDCO, National Housing above taken together shall not be less than Bank 5% of the lm>estment b. Bonds I debentures of Housing Finance Companies either Assets. duly accredited by National Housing Banks, for house building activities, or duly guaranteed by Government or carrying current rating of not less than 'AA ' by a credit rating agency registered under fiEBI (Credit Rating Agencies) Regulations, 1999 C. Asset Backed Securities with underlying Housing loans, satisfying the norms specified in the Guidelines issued under these regulations from time to time. ' B. Investment in Infrastructure Total l~nt in (Explanation: Subscription purchase of Bonds/ lnfrastruclllre (i.e.,) or investment in categories Debentures, Equity and Asset Backed Securities with (i), (ii), (iii) and (iv) underlying infrastructure assets would qualify for the above taken together purpose of this requirement. shall not be less than I 0% of the Investment 75 76 I' 1HE GAZETTE OF INDIA : EXTRAORDINARY No Type of Investment Percentage of Investment Assets 'Irifrastructure facility' shall have the meaning as given in Assets. clause (h) of regulation 2 of Insurance Regulatory and Development Authority (Registration of Indian Insurance Companies) (Amendment) Regulations, 2008 as amended , from time to time. Note: Investments made under category (i) and (ii) above may be considered as investment in housing or infrastructure, as the case may be, provided the respective government issues such a security specifically to meet the needs of any of the sectors specified as 'infrastructure facility' 8. Insert New Regulation 8: Insert the following New Regulation 8 to the Insurance Regulatory and Development Authority (Investment) Regulations, 2000:- 8. Reinsurance Business ~ Every re-insurer carrying on re-insurance business in India shall invest and at all times keep invested his investment assets in the same manner as set out in Regu{ation?. 9. Amendment of Note appended at the end of Regulation 4: Note appended at the end of Regulation 4 of the Insurance Regulatory and Development Authority (Investment) Regulations, 2000, shall be substituted with the following:- "Note - For the purpose of Regulations 3 to 8: I. All investment in assets or instruments, which are capable of being rated as per market practice, shall be made on the basis of credit rating of such assets or instruments. No approved investment shall be made in instruments, if such instruments are capable of being rated, but are not rated. 2. The rating should be done by a credit rating agency registered under SEBI (Credit Rating Agencies) Regulations, 199. 3. Corporate bonds or debentures rated not less than AA or its equivalent and P 1 or equivalent ratings for short term bonds, debentures, certificate of deposit and commercial paper, by a credit rating agency, registered under SEBJ (Credit JJ.ating Agencies) Regulations, 1999 would be considered as 'Approved Investments'. 4. The rating of a debt instrument issued by All lndia Financial lnstitutions recognized as such by RBI shall be of 'AA ' or equivalent rating. In case investments of this grade are not available to meet the requirements of the investing insurance company, and Investment Committee of the investing insurance company is fully satisfied about the same, then, for the reasons to be recorded in the Investment Committee's minutes, the Investment Committee may approve investments in instrnments carrying current rating of not less than 'A+ ' or equivalent as rated by a credit rating agency, registered under SEBJ (Credit Rating Agencies) Regulations, 1999, would be considered as 'Approved Jnvestments'. 5. Approved lnvestments under regulations 4, 5, 6, 7 and 8 which are downgraded below the minimum rating prescribed should be automatically re-classified under 'Other Investments' category for the purpose of pattern of investment. 11111111 ·I• • •4 ■Ill I 1lfl I!TI 'lR<! q;J ~ : ~ 6. Investments in equity shares listed on a registered stock exchange should be made in actively traded and liquid instruments viz., equity shares other than those defined as thinly traded as per SEBI Regulations and guidelines governing mutual fends issued by SEBI from time to time. 7 (a) Not less than 75~ of investment in debt instruments (including Central Government Securities, State Government Securities or Other Approved Securities) in the case life insurer and not less than 65% of investment in debt instruments (including Central Government Securities, State Government Securities or Other Approved Securities) in the case of general insurer - shall be in sovereign debt, AAA or equivalent ratingfor long term and sovereign debt, Pl+ or equivalent for short term instruments. This shall apply at segregatedfand(s) in case of Unit linked business. (b) Not more than 5% of funds under Regulation 3 (a} and Regulation 3 (c} in debt instruments (including Centtal Government Securities, State Government Securities or Other Approved Securities) in the case of life insurer and not more than 8% of investment in debt instruments (including Central Government Securities, State Government Securities or Other Approved Securities) in the case of general insurer - shall have a rating of A or below or equivalent rating for long term. (c) No investment can be made in other investments out of funds under Regulation 3 (b). (d) Investments in debt instruments rated AA - (AA minus) or below shall form part of Other Investments. 8 . Notwithstanding the above, it is emphasized that rating should not replace appropriate risk analysis and management on the part of the Insurer. The Insurer should conduct risk analysis commensurate with the complexity of the product(s) and the materiality of their holding, or could also refrain from such investments. 10. Amendment of Regulation 5: Regulation 5 of the Insurance Regulatory and Development Authority (Investment) Regulations, 2000, shall be substituted with the following:- 9. Exposure I Prudential Norms Without prejudice to anything contained in Sections 27A and 27B of the Act every insurer shall limit his investment as per the following exposure norms: A. Exposure norms for investment assets of /. (a) al/funds of Life.insurance business and One Year Renewable pure Group Term Assurance Business (OYRGTA), and non-unit reserves of all categories of Unit linked life insurance business. (b) all funds of Pension, Annuity and Group Business [as defined under Regulation 2 (d) of !RDA (Actuarial Report and Abstract) Regulations, 2000]. (c) the unit reserves portion of all categories of Unit linked fands, as per Regulation 6" Life, Pension, Annuity and Group business and each segregated fund within Unit Linked Insurance business (except for promoter group exposure). 2. General Insurance business, 3. Re-insurance Business for both Approved Investments as per the Act, Schedule I and Schedule II of these Regulations, and Other Investments as permitied under 27A(2} and 278(3) of the Act shall be as under. 77 78 I' THE GAZETTE OF INDIA : EXTRAORDINARY [PART lll:--SEC. 4) B. The maximum exposure limit for a single 'investee' company (equity, debt and other investments taken together) from all investment assets under point (A. I.a, A.l.b, A.l.c all taken together), (A.Z/ and (A.3) mentioned above, shall not exceed the lower of the following; (i) an amount of 10% of investment assets as under Regulation 2 (g) (/), Regulation 2 (g) (2) (ii) an aggregate of amount calculated under point (a) and (b) of the following table Type of Investment Limit/or 'Investee' Limit for the entire limit for Industry Sector to Company Group of the Investee which Investee Company (/) Company belongs - . (2) (3) (4) a. Investment in I 0% * of Outstanding Not more than I 5% of Investment by the insurer in 'Equity', Equity Shares (Face the amount under point any industrial sector should Preference Value) A.l.(a) or A.1.(b) or not exceed I 5% of the Shares, A.J.(c) or A.2 or A.3 or amount under point A.J.(a) Convertible or 15% of investment orA.l.(b)orA.J.(c) orA.2 Debentures Assets in all companies or ,:l.3 or or 15% of 1 0% of the amount under belonging to the group, ifTVestment Asset, whichever point A.1.(a) or A. l.(b) whichever is lower is lower i or A. l.(c) above con,sidered separately in Exposure to the case of Life insurers I Investments made in Note: Industrial Sector shall amount under A.2 or A.3 companies belonging to be classified in the lines of in the case a/General Promoter Group shall National Industrial Insurer I Re-insurer be made as per Point 7 Classification (All Economic under notes to Activities) - 2008 [NIC] for whichever is lower Regulation 9 all sectors, except b. Investment in I 0% * of the Paid-up infrastructure sector. Debt/ Loans Share capital, Free Exposure shall be calculated and any other reserves (excluding at Division level from A to permitted revaluation reserve) and R. For Financial and Investments as Debentures I Bonds of Insurance Activities sector per Act/ the 'investee' company exposure shall be at Section Regulation I level. other than item or 'a' above. Exposure to 'infrastr;ucture' I 0% amount under point investments are subject to A.l.(a) or A.J.(b) or Note: /, 2, 3 and 4 A.I. (c) above considered mentioned below separately in the case of Life insurers. An amount under A.2 or A. 3 in the case of General Insurer I Re-insurer whichever is lower. • In the case of insurers having investment assets within the meaning of Regulation 2 (g) (/) and Regulation 2 (g) (2) of the under mentioned size, the (*) marked limit in the above table for investment in equity, preference shares, convertible debentures, debt, loans or any other permitted investment under the Act I Regulations, shall stand substituted as under: WUIA 1· , [ 'l1'l III-= 4 J "111.11 'Pl ~ : 3JWmUl Investment assets Limit/or 'investee' company Equity Debt Rs 250000 Crores or mo~e I5% of outstanding equity I 5% of paid up share capital, free shares (face value) reserves (excluding revall!ation reserve) & debentures I bonds Rs. 50000 Crores but less than I2% of outstanding equity I 2% of paid up share capital, free Rs. 250000 Crores shares (face value) reserves (excluding revaluation reserve) & debentures I bonds Less than Rs. 50000 Crores IO% of outstanding equity I 0% of paid up share capital, free shares (face value) res.erves (excluding revaluation . ' reserve) & debentures I bonds Note: I Industry sector norms shall not apply for investments made in 'Infrastructure facility' sector as defined under Regulation 2(h) of IRDA (Registration of Indian Insurance 'companies) Regulations, 2000 as amended from time to time. N!C classification shall not apply to investments made in 'Infrastructure facility'. 2 Investments in Infrastructure Debt Fund (IDF), backed by Central Government as approved by the Authority, on a case to case basis shall be rec/ronedfor investments in Infrastructure. 3 Exposure to a public limited 'hifrastructure investee company' will be 20% of outstanding equity , shares (face value) in case of equity (or) 20% of equity plus free reserves (excluding revaluation reserve) plus debentures I bonds taken together, in the case of debt (or) amount under Regulation 9 (B) (i), whichever is lower. The 20% mentioned above, can be further increased by an additional 5%, in case of debt instruments alone, with the prior approval of Board of Directors. The outstanding tenure of debt instruments, beyond the exposure prescribed in the above table, in an infrastructure Investee , Company, should not be less than 5 years at the time of investment. In case of Equity investment, dividend track record as per Sec 27A (J) (I) and 27B (I) (h) of the Act, in the case of primary issuance of a wholly owned subsidiary of a Corporate I PSU shall apply to the holding company. However all investments made in an 'infrastructure investee company' shall be subject to group I promoter group exposure norms. 4 An insurer can, at the time of investing, subject to group I promoter group exposure norms, invest a maximum of 20% of the project cost (as decided by a competent body) of an Public Limited Special Purpose Vehicle (SPV) engaged in infrastructure sector (or) amount under Regulation 9 (B) (i), whichever is lower, as a part of Approved Investments provided: a. such investment is in Debt b. the parent company guarantees the entire debt extended and the interest payment of SP V c. the principal or interest, if in default and if not paid within 90 days of the due date, such debt shall be classified under other investments. d. the latest instrument of the parent company (ies) has (have) rating of not less than AA e. such guarantee of the parent company (ies) should not exceed 20% of net worth of parent company (ies) including the existing guarantees, if any, given f the net worth of the parent company (ies), if unlisted, shall not be less than Rs. 500 crores or where the parent company (ies) is listed on stock exchanges having nationwide terminals, the net worth shall not be less than Rs. 250 Crores. Investment Committee should continuously evaluate the risk of such investments and take necessary corrective actions where the parent company (ies) is floating more than one SPV. 79 THE GAZETTE OF INDIA : EXTRAORDINARY [PART Ill- SEC. 4] 5 Investment in securitized assets [Mortgaged Backed Securities (MBS) I Asset Backed Securities (ABS) I Security Receipts (SR) both under approved and other investment category shall not p:ceed 10% of Investment Assets in case of life companies and 5% of Investment Asset in the case of !'{on-life companies. Approved Investment in MBS I ABS with underlying Housing or Irifrastructure Assets shall not exceed 10% of investment assets in the case of life companies and not more than 5% of investment assets in the case of non-life companies. Any MBS I ABS with underlying housing or infrastructure assets, if downgraded below MA or equivalent, shall be reclassified as Other Investments. 6 Investment in immovable property covered under Section 27 A (/) (n) of the Act shall not exceed, at the time of investment, 5% of (a) Investment Assets in the case of general insurer and (b) 5% of lnvpstment Assets of funds relating to l(fe funds, pension, annuity and group funds in the case of life insurer. 7 Subject to exposure limits mentioned in the table above, an insurer shall not have investments of more than 5% in aggregate of its total investments in all companies belonging to the promoters' groups. Investment made in all companies belonging to the promoters' group shall not be made by way of private placement (equity) or in unlisted instruments (equity, debt, cert(ficate of deposits and fixed deposits (without prejudice to Section 27A (9) and Section 27B (JO) of the Act) held in a Scheduled Commercial Bank), exceptfor companies formed by Insurers under Sec 27A (4) or Sec 27B (5) of the Act. 8 The exposure limit for financial and insurance activities (as per Section K of NIC classification - 2008) shall stand at 25% qfinvestment assets for all insurers. 9 Investment in.fixed deposit and certificate of deposit of a Scheduled Bank shall be made in terms of the provisions of Section 27A (9) and Section 27B (IO_.\ of the Act. Such investments would not be deemed as exposure to.financial and insurance activities (as per Section K ofN!C classification- 2008). 7. Amendment of Regulation 6: Regulation 6 of the Insurance Regulatory and Development Authority (Investment) Regulations, 2000, shall be substituted with the following:- "JO. Returns to be submitted by an Insurer Every insurer shall submit to the Authority the following returns within such time, at such intervals duly 1 I verified/certified in the manner as indicated there against. ' Periodici(Y Time limit Verified I Certified No Form Description for of Return submission by I Form l Statement of Quarterly Within 30 Principal q[ficer I Investment and days of the Chief of Income on Investment end of the (Jnvestments)/Chief Quarter of (Finance) 2 Form2 Statement of Quarterly Within 30 Principal Officer I (Part A, B) Downgraded days of the Chief of Investments, Details of end of the (lnvestments)/Chief Rated Instruments Quarter of (Finance) 3 Form3A Statement of Quarterly Within 30 Principal q[ficer I (Part A, B, C, Investments Assets days of the Chief of D,E) (Life Insurers) end of the (Jnvestments)!Chief Quarter of (Finance) 4 Form3B Statement of Quarterly Within 30 Principal q[ficer I (Part A, B) investment Assets days of the Chief of 11111111 tttlT \ft I 81 Periodicity Time limit Verified I Certified No Form Description for of Return submission by (General Insurance & end of the (Irrvestments)/Chief Re-insurer) Quarter of (Finance) 5 Form4 Exposure I Prudential Quarterly Within 30 Principal Qfficer, (Part A) and other Investment days of the Chief of Norms - Complionce end of the (Investments), Chief Certificate Quarter of (Finance) 6 Form4 Internal I Concurrent Quarterly Within 30 Internal I Concurrent (Part BJ Auditor's Certificate days of the Auditor appointed on Investment Risk end of the under this regulation Maiiagement Systems Quarter • Implementation Status 7 Form4A Statement of Quarterly Within 30 Principal Qfficer I (Part A, B, CJ Investment Subject to days of the Chief of Exposure Norms - end of the (Investments)/Chief Investee Company, Quarter of (Finance) Group, Promoter Group, Industry Sector 8 Form5 Statement of Quarterly Within 30 Principal Qfficer I Investment days of the Chief of Reconciliation end of the (Investments)/Chief Quarter of (Finance) 9 Form 5A Statement of Quarterly Within 30 Principal Qfficer I Investment in Mutual days of the Chief of Funds end of the (Investments)/Chief Quarter of (Finance) JO Form6 Certificate under ·Quarterly Within 30 Chairman, Director sections 28 (2A), 28 days of the 1, Director 2, (2B) and 28B (3) of end of the Principal Officer the Insurance Act, Quarter 1938 JJ Form 7 Statement of Non- Quarterly Within 30 Principal Qfficer I Performing Assets days of the Chief of end of the (Investments)/Chief Quarter of (Finance) 82 THE GAZETTE OF INDIA : EXTRAORDINARY Note: I. The Internal I Concurrent Audit Report of the previous quarter with comments of Audit Committee of the Board, on 'very serious', 'serious' points (as per the Technical Guide on Internal I Concurrent A1:ldit ()f Investment junctions of Insurance Companies, issued by the Institute of Chartered Accountants of-India) in the report, and status of implementation of Audit committee recommendation shall be filed with the Authority along with current quarter returns. l. All returns for the quarter ending March shall be filed within the period stipulated above based on provisional figures and later re-submitted with Audited figures within 15 days of adoption of accounts by the Board of Directors. ' 8. Amendment of Regulation 7: . Regulation 7 of the Insurance Regulatory and Development Authority (Investment) Regulations, 2000, shall be substituted with the following:- I I. Power to call for additional information. The authority may, by general or special order, require from the insun:rs such other information in such manner, intervals and time limit as may be specified therein. 9. Amendment of Regulation 8: Regulation 8 of the Insurance Regulatory and Development Authority (Investment) Regulations, 2000, shall be substituted with the following:- 12. Duty to Report extraordinary events affecting the investment portfolio. Every insurer shall report to the Authority forthwith, the effect or the probable effect of any event coming to his knowledge, which could have material adverse impact on the investment portfolio and consequently on the security of policy-holder benefits or expectations. I 0. Amendment of Regulation 9: Regulation 9 of the Insurance Regulatory and Development Authority (Investment) Regulations, 2000, shall be substituted with the following:- "/3. Provisions on Investment Management A. Constitution of Investment Committee I. Every insurer shall constitute an Investment Committee which shall consist of a minimum of two non- executive directors of the Insurer, the Chief Executive Officer, Chief of Finance, Chief of Investment division, and wherever an appqinted actuary is employed, the Appointed Actuary. The decisions taken by the Investment Committee shall be recorded and be open to inspection by the officers of the Authority. B. Investment Policy I. Every Insurer shall draw up, an Investment Policy (fund wise IP in the case of Unit Linked Insurance Business) and place the same before its Board of Directors for its approval and its annual review. l. Every insurer shall have a model code of conduct to prevent insider I personal trading of Officers involved in various levels of Investment Operations in compliance with SEBI (Prohibition of Insider Trading) Regulation, I 992 as amended from time to time and place the same before its Board qf Directors for its approval. 3. While framing the Investment Policy, the Board shall ensure compliance with the following: (l) Issues relating to liquidity, prudential norms, exposure limits, stop loss limits including securities trading, management of all investment risks, management of assets liabilities mismatch, Scope of [ 'WT III-?iifUs 4] Internal or Concurrent audit of Investments and investment stah·stics and all pther internal controls of investment operations, the provisions of the Insurance Act, 1938 and Insurance Regulatory and Development Authority (Investment) Regulations, 2000, Guidelines and Circulars made there under. (ii) Ensuring adequate return on policyholders and shareholders' fends consistent with the protection, safety and liquidity of suchfend(s). 4. The investment policy of both Life and Non-Life insurers, as approved by the Board shall be implemented by the investment committee. The Board shall review on a quarterly basis the monitoring of fend wise and product wise performance. 5. The Board shall review the investment policy and its implementation on a half-yearly basis or at such short intervals as it may decide and make such modification to the investment policy as is necess,ary to bring it in line with the investment provisions laid down in the Act and Regulations made there 'under, keeping in mind protection- of policyholders' interest and pattern of investment laid down in these regulations or in terms of the agreement entered into with the policyholders in the case of unit linked insurance business. C. Investment Operations I. The fends of the insurer shall be invested and continued to be invested in equity shares, equity related instruments and debt instruments rated as per Note below Regulations 3 to 8 by a credit rating agency, .4 registered under SERI (Credit Rating Agencies) Regulations, 1999. The Board shall lay down clear norms for investing in 'Other Investments' as specified under sections 27A(2) and 27B(3) of the Insurance Act, 1938 by the investment committee, taking into account the safety and liquidity of the policyholders' funds and protection of their interest. ,2. As required under Chapter ll, Regulation 7 (c) of !RDA (Registration of Indian Insurance Companies) Regulations, 2000, to ensure proper internal control of investment functions and operations the insurer shall clearly segregate the fenctions and operations of front, mid and back office (as provided in the Technical Guide on Internal I Concurrent Audit of Investment fenctions of Insurance Companies issued by the Instit11te of Chartered Accountants of India) and no fenction falling under Front, Mid and Back Office Investment fenction(s), shall be outsourced. Also, the primary data server of the computer application used/or investment management shall remain within the country. D. Processing of Unit Linked Business Applications and Declaration of NA V I. All applications received for premium payment, switches, redemption, surrender, maturity claim etc., should be time stamped and dated. 2. Applications/or ''premillm payment" a. for applications received, with local cheques, cash or demand draft payable at par at the place where the premium is received, before cut-off time (3. 00 pm) on a business day, the applicable NAV would be the closing NAV of the same day. b. for applications received, along with local cheques, cash or demand draft payable at par at the . place where the premium is received, after cut-off time (3.00 pm) on a business day, the applicable NAV would be the closing NAV of the next business day. c. for premiums received with an outstation cheque or demand draft, the closing NAV of the day on which the cheque I Demand Draft is realized shall be applied. 83 84 I' THE GAZETTE OF INDIA : EXTRAORDINARY [PART lll-SEC. 4] 3. Applications for "f!ther than'' preflUum payment a. for applications received before the cut-off time (3. 00 pm) on a business day, the applicable NA V would be the closing NAV of the same day. . b. for applications received, after the cut-of/time (3.00 pm} on a business day, the applicable NAV would be the closing NAV a/the next business day. 4, Daily disclosure I reconciliation of Producl and Fund information a. Every insurer doing Unit linked business shall reconcile, through the system, the premium received (net of charges and benefits paid) under each product (Unique identification Number - UJN) with value of all the segregated fund(s) (Segregated Fund Identification Number - SF/NJ net of Jund management charges, held under a single UJN, on a day to day basis. b. The insurer shall disclose UJN wise reconciliation (as in point 'a' above) and the value of policy wise units held by policyholder on the insurers website and .fund wise NAV (SFIN wise) on both the Insurer's website and life council website on the same day. c. The internal /.concurrent Auditor shall report on the automated system and process to handle the UJN wise reconciliation (as in point 'a' above) and value of policy wise units held by policyholder and fund wise NAV, on a quarterly basis 5. Applicable NAV for the applications received on the last business day of the Financial Year a. for applications received on the last business day of the financial year UP TO 3.00 pmshall be processed with NAV of the last business day (irrespective if the payment instrnment is local or outstation) , b. for applications received AFTER 3. 00 pm on the last business day, the same shall fall into the next Fin(lncial Year and NAV of the immediate next business day would be applicable. c. The insurer shall declare NA V for the last business day of a Financial Year, 'even if it is a non business day. 6, For allotment of units, the applicable NA V shall be as per the date of commencement of policy for new policy contracts and date of receipt of premium for renewals. 7. All Insurers shall file a certificate, issued by Internal I Concurrent Auditor for compliance of each of the directions issued at point 5 above, regarding the applicable NA V for applications received on the last business day. The Statutory Auditors shall also confirm the same in the Annual Accounts. Note: Business day shall mean days other than holidays where stock exchanges with national wide terminals are open for trade (other than day oh which exchanges are open for testing) or any day declared by the Authority as business day. E. Risk Management Systems and its Review I. The Board shall implement the Investment Risk Management Systems and Process, mandated by the Authority. The implementation shall be certified by a Chartered Accountant firm, as per the procedure laid down in the "Technical Guide on Review and Certification of investment Risk Management Systems and Process of insurance Companies", issued by the institute of Chartered Accountants of India, as amended from time to time. 2. The Investment Risk Management Systems and Process shall be reviewed at the beginning of every second financial year or such shorter frequency as decided by the Board of the Insurer, by a Chartered Accountant firm and file the certificate issued by such Chartered Accountant, with the Authority along with the first quarter returns. 3. The appointment of Chartered Accountant firm to certify implementation and review of investment Risk Management Systems and Process shall be as per the circular issued under these regulations. , 11111111 ['WI Ill-- 4] F. Audit and Reporting to Management I. Every Insurer shall constitute an Audit Committee of the Board The Audit Committee shall be headed by a Chartered Accountant, if he is a member in the Board of the Insurer. 2. The Insurer shall have the investment transactions covering both Shareholders and Policyholders funds be audited through Internal or Concurrent Auditor os per the circular Issued under this regulation. 3. The quarterly Internal I concurrent audit report, covering investments of both shareholders os well os policyholders, shall he os per the "Technical Guide on Internal I Concurrent Audit of Investment functions of Insurance Companies" issued by the Institute of Chartered Accountants of India, os amendedfrom time to time. 4. The Details of Investment Policy, implementation status of Investment Jusk Management Systems and Process or its review shall be made available to the internal or concurrent auditor. 'The auditor shall comment on such review and its impact on the investment operations, systems and process in their ·report to be placed before the .Board's Audit Committee . . . G. Category of Investments I. Every Insurer shall invest all his fund(s) only within the exhaustive category of investments listed in the guidelines issued by the Authority, os amended from time to time. H. Others I. The Authority may call for further information from time to time from the insurer os it deems necessary and in the interest of policyholders and issue such directions to the insurers os it thinks fit. 11. Amendment of Regulation 10: Regulation 10 of the Insurance Regulatory and Development Authority (Investment) Regulations, 2000, ' shall be substituted with the following:- U. Miscellaneous. I. Accounting of Investments shall be as per the Insurance Regulatory and Development Authority . (Preparation of Financial Statements and Auditor's Report of Insurance Companies) Regulations, 2000 and Valuation of Assets shall be as per guidelines issued under these regulations from time to time. 2. The Authority may, by any general or special order, modify or change the application of sub- regulations (3), (4), (5), (6), (7), (8), (9) and (JO) to any insurer either on its own or on an application made to it. 12. Amendment of Regulation 11: Regulation 11 of the Insurance Regulatory and Development Authority (Investment) Regulations, 2000, shall be substituted with the following:- "15. Dealing in Financial Derivatives I. Every Insurer carrying on the business of life insurance or general insurance may deal in financial derivatives only to the extent permitted and in accordance with the guidelines issued by the Authority in this regard from time to time. 2. Any margin or unamortized premium paid by any insurer in connection with the financial derivatives to the extent they are reflected os asset position in the balance sheet of the insurer in accordance with the guidelines issued by the Authority, shall be treated as 'Approved Investment' under Schedule I and Schedule II to these Regulations, only to the extent the derivative position constitutes a hedge for the underlying investment or porifolio which itself is treated as an approved investments under these / 85 86 THE GAZETTE OF INDIA : EXTRAORDINARY regulations. All other margins or unamortized premium paid, to the extent reflected in the balance sheet of the insurer in accordance with the1t,TUidelines issued by the Authority in this regardfrom'time to time, shall be treated as 'Other Investments" 13. Amendment of Schedule I: Schedule I of the Insurance Regulatory and Development Authority (Investment) Regulations, 2000 shall be substituted with the following:- Schedule] (See Regulation 3 to 6) list of Approved lnvestments for Life Business 'Approved Investments' for the purposes of section 27 A of the Act shall consist of the Jo/lawing: a) all investments specified in section 2 7 A of the Act except (i) clause (b) of sub-section (J) of section 27A of the Act; (ii) first mortgages on immovable property situated in another country as &tated in clause (m) of sub- section(/) of section 27A of the Act; (iii) Immovable property situated in another country as stated in clause (n) of sub-section (1) of section 27A of the Act. , b) In addition the following investments shall be deemed as approved investments by the Authority under the powers vested in it vide clause (s) of sub-section(}) of section 27A of the Act. {i) All loans secured as required under the Act, rated debentures (including bonds) and other rated & secured debt instruments as per Note appended to Regulation 3 to 8. Equity shares and preference shares and debt instruments issued by all India Financial Institutions recognized as such by Reserve Bank of India - investments shall be made in terms of investment policy guidelines, benchmarks and exposure norms, limits approved by the Board of Directors of the insurer. (ii) Bonds or debentures issued by companies rated not less than AA or its equivalent and PI or equivalent ratings for short term bonds, debentures, certificate of deposits and commercial papers by a credit rating agency, registered under SEBI (Credit Rating Agencies) Regulations 1999 would be considered as 'Approved Investments'. (iii) Subject to norms and limits approved by the Board of Directors of the insurers deposits (including fixed deposits as per section 27A (9) of Insurance Act, 1938) with banks (e.g. in curren.t account, call deposits, notice deposits, certificate of deposits etc.) included for the time being in the Second Schedule to Reserve Bank of India Act, 1934 (2 of 1934) and deposits with primary dealers duly recognized by Reserve Bank of India as such. (iv) Collateralized Borrawing and Lending Obligations (CBLO) created by the Clearing Corporation of India Ltd and recognized by the Reserve Bank of India and exposure to Gilt, G Sec and liquid mutual fund forming part of Approved Investments as per Mutual Fund Guidelines issued under these regulations and money market instrument I investment. (v) Asset Backed Securities with underlying Housing loans or having infrastructure assets as underlying as defined under 'infrastructure facility' in clause (h) of regulation 2 of Insurance Regulatory and Development Authority (Registration of Indian Insurance Companies) Amendment Regulations, 2008 as amended from time to time. (vi) Commercial papers issued by a company or All India Financial Institution recognized as such by Reserve Bank of India having a credit rating by a credit rating agency registered under SEEi (Credit Rating Agencies) Regulations 1999. (vii) Money Market instruments as defined in Regulation 2(h) of these Regulation. [ '11'1 III-19!U6 4 l · Explanation - I. All conditions mentioned in the 'note' appended to Regulation 3 to 8 shall be complied with ' 14. Amendment of Schedule 11: Schedule II to the Insurance Regulatory and Development Authority (Investment) Regulations, 2000 shall be substituted with the following:- Schedule JI (See RegulaJlon 7 & 8) _List of Approved Investments for General Business 'Approved Investments 'for the purpose of section 27 B of the Act shall consist of the following: a) All investments specified in section 27B of the Act except (i) clause (b) of sub-section (I) of section 27A of the Act; (ii) Immovable property situated in another country as stated in clause (n) of sub-section (I) of section 27 A of the Act; (iii) First mortgages on immovqble property situated in another country as stated in clause (i) of sub- section (I) of section 27B of the Act. b) In addition the following investments shall be deemed as approved investments by the Authority under the powers vested in it vide clause (j) of sub-section (I) of section 27B of the Act: /i) All loans secured as per the Act, rated debentures (including bonds) and other rated & secured debt instruments as per Note appended to Regulations 3 to 8. Equity shares, preference shares and debt instruments issued by All India Financial Institutions recognized as such by Reserve Bank of India - investments shall be made in terms of investment policy guidelines, benchmarks and exposure norms, limits approved by the Board of Directors of the insurer. (ii) Bonds or debentures issued by companies rated not less than AA or its equivalent and PI or Equivalent ratings for short term bonds, debentures, certificate of deposits and commercial papers by a credit rating agency, registered under SEBI (Credit Rating Agencies) Regulations I 999 would be considered as 'Approved Investments'. (iii) Subject to norms and limits approved by the Board of Directors of the insurers deposits (including fixed deposits as per section 27B (JO) of Insurance Act, 1938) with banks (e.g. in current account, call deposits, notice deposits, certificate of deposits etc.) included/or the time being in the Second Schedule to Reserve Bank of India Act, 1934 (2 of 1934) and deposits with primary dealers duly recognized by Reserve Bank of India as such. (iv) Collateralized Borrowing & Lending Obligations (CBLO) created by the Clearing Corporation of India Ltd and recognized by the Reserve Bank of India and exposure to Gilt, G Sec and liquid mutual fund forming part of Approved Investments as per Mutual Fund Guidelines issued under these regulations and money market instrument I investment. (v) Asset Backed Securities with underlying Housing loans or having infrastructure assets as underlying as defined under 'infrastrocture facility' in clause (h) of regulation 2 of Insurance Regulatory and Development Authority (Registration of Indian Insurance Companies) Amendment Regulations, 2008 as amended from time to time. (vi) Commercial papers issued by a company or All India Financial Institution recognized as such by Reserve Bank of India having a credit rating by a credit rating agency registered under SEBI (Credit Rating Agencies) Regulations I 999. (vii) Money Market instruments as defined in Regulation 2(h) of this Regulation. Explanation: J. All conditions mentioned in the 'note' appended to Regulation 3 to 8 shall be complied with. J. HARi NARAYAN, Chatnnan [ADVT. III/4/161/12/Exty.] 87 FORM-1 {Reail!oilf> Regulation 10) Name of the Insurer: Registration Number: Statement as on: Name of the Fund Statement of Investment and Income on Investment ' Periodicity of Submission: Quarterty RsCror, ·- -· - i .. ' Current Quarter i Year to Date (current year) Year to Date (previous year,3 i ! Category I income on I Investment ' No. Category of Investment Gross Yield Net Yield Income on I Income on Code Investment I Gross Yield Net Yield Investment Gross Yield I (Rs.)1 Investment (%)' (%)' I 1 ... ,, nvestment (%)1 (,W (Rs.)1 Investment (%)' Net Yleld {%r j {Rs.) {Rs.) t== {Rs.) c____.._, __ -- ,- --- --~- --- ~- .. -- ---·--------- ------ ' -- --- - -------- ! .. --- - -· . ·- I I -- - .. - - _T ___ --+-- - -r-- - -- ---- ---- i i i - . - TOTAL j - • CERTIFICATION Certified that the information given herein ore correct, complete and nothing has been concealed or suppressed, to the best of my knowledge and belief. Signature - i Date: Full Name ' - Chief of Finance Note: Category of Investment {COi) shall be as per Guidelines, as amended from time to time 1 Based on daily simple Average of Investments 2 Yield netted for Tax 3 In the previous year column, the figures of the corresponding Year to date of the previous financial year shall be shown -, r 4 FORM-1 shall be pref}Qf'ed in respect of each fund. In case of ULJP FORM 1 shall be prepared at Segregated Fund (SFIN) level and also at consolidated level. - . ' . ' . - 88 ~ ~ "' ~ I i ~ c1 -a ~ = ~ ±: ~ '/,J .!\ --1:::1 w ~ "...._ FORM-2 (Read with Regulation 10) PART-A -.-~ Statement of Down Graded Investments FORM AMENDED Periodicity of Submission: Quanerly ; I ; ·, I 1 : ' Date of -~urrent Grade I Date of No Name of the Security COi Amount Rating Agency I O.riglnal Grade Purchase Downgrade ' I i ! i I I A. I 01.rlDll. tM guart.,r ' I ' I i i i I I i I ' I ;4£QQDate ~ : I I B. ! I ' ' : If i· j I i I I I I ' I i . . CERTIFICATION . of my knowledge and belief. . teslgnatlon 'fleer ... 1 if g Q, z Investments cu~ upgraded;· listed as Down Graded during earlier Quarter shall be deleted from the Cumulative llstlnfl. · • g. FORM-2-shall be.-Pff!Pared ~n respect of each fund. In case of ULIP F~ l shall be prepared at Segregated Fund (SFIN) level and also at consolidated level. .. • Catego,y of lnvestmet (COi) shall be as re· l'IV/GLN/001/2003-04 Rs~ Remarks . . 'il ; ~ I : ; I ' l ·1 i i I ~ ,!I I I ' I I i ll!! "'· i I l ' .. i ' i ' • 1 ...... , (RliMlwldlResul.ltfoniOJ Name of the Insurer: Raptnition No: INvtSTMBIT ASSETS • RATING PROFILE Investments In SowrefCn _,, I ! AM or Equi¥91ent AA+orEquiwknt -:,..-,___. _./ PART· ■ Name of 1M Fund: AAorloweruplOA+« I ......... --------- A or lower than A or ......... ....... .. Type of Investments I w I ."=· l•I - BY I (bl BY "to Inv, ..... "=:· I av "=· I ■v =r=· L. ' {di ! (el ---','---+- 1,, BY ~BY - Q ,;- """"' Go,t ,.,...,.. I if St1teGovtSec.orOtllllrApprovedS&i::urlties . __ i ___ . ----I------· ~ ---! --+ --- --------- {•)Debtor debt r.blted instruments I r---- 1 ill (1) Houllnl Sec.tor ______ ! __ _ ,.,""M ____ _,____ --+-- ~-=~=r- -- •-·r ·r- 1 1 -+--, __ I -- i ---+------ ' """"" Equltyor£qully 11.a.ted NPA I Instruments and other T°"' I ~.:- I BYr.::-1 BY Ill (hi I IQ -·--- ----l- -·--- -+------- --- --+-------+------ ' -----+--- i (c)OO.rs(Speclfv}__ ____ _ . ___ 1 .. (2) lnfrntructure Sector _ _,_ __ . -.,-t--- -+----+--~---~--+----+- --+--+----+--- - 1•1 Debtor debt 1111ated_~runwnts ___ _, ____ -+--- ---t (c)Loans (d)Others{~Jfy) ··- --+----· rr--~~;;-;-equfty reblted Instruments I -4--,-~+- + ' I L--1'1'~"'"_., ... ':' .• ~ ........ ,...,""":'"°;":'":::::::;-;:::;:::;;;;---i-----+---------h--- 1•1 Debt orct.bt re!Med lnstrumants --+-- --+----1.--1 ' ~ ,-- ~-- (bl Equity or.qufty related lnstrum.nts ----+------ (c) l.oiin, ' ! {d) lnvntm.nt P~rty- lmrno11i1ble . ---·- ------ c--- --+---~ (el Mutull Fund (f) Money Mark,t (&) N.t current ilssel:S -------- -+------ -+--- ·t 1 {h) Others {~Jfyl __ _ i Iv Otherlnwestments 1--- I ;------+· j -f---~ ------------+-- ·--r----- --t-----+----+-----+----~----+-- --+----0 7 ---; ---- I ------+--- - l +-- - -·~-- 8 ~ I ~ I I z ~ ~ {•I Debt or debt related instruments r )Equlty-oreq\lltyr.~~ -i--··--==t I )Losns ---- (d} Investment Property• lmmo¥11ble i.J Mutual Fund ' =t---+~+~- ';;, ---Ill~ ; ' ' (fl Others {spd't} ·--_______________ .......;.___;.;.. _______ _ Rs.Cr -== ~ c- !~---~~ Book Value (Li'-, ~7 P■nisonFund M1rbt Valua I lnvutrne,rt In 'Debt' lnstrumlnts andG.nenil (forUUP I " Insur.rs) Funcb) ' 1/l\lfltfflents In Sowreltrl lnstrurnenu NPROVmllMSJMENTS MA« upto Mor Eq\Walallt ~ ~ -; MM, loins, Othen-Approwd ll'Nt .... ~ OTHERIIMSTMEJm AA·A low.r than A or Equivlllent Unrated, 1.o9ns, 0then • Other lnvt Total Debt Investments (a to It - C.rtfflod""•""'"""""'""..,_,,,_~,.,N__,,..,.,m_••• .... •afmy._ __ ...,Qrtlflod""t•he,.-.1.,,,_,,,.....,_,..,_..,,,.,,....,m,N......,<ho_,.....,,._, __ .,, ........ ...,_., __ - The~in Col0}111wt""1tch f/fiK«d t)Pfo/lnvatmmt} with Form 3A (PortA)/Fonn :JS 2 Non-hrfo,nlng in~~ lholN~Mown ~ o/tM rating J Far l.itlhrl bmiMn wwes of fn\'atmfflts shall be at Martn Vat# 4 Equity or Equity rflOttd lllfflvnNnu .shal be «r PfflFlltred UMkr thll! lmura~ kt 1938 or /RDA (lnlllfftmfflt} ~.btio,as, 2000 as atrlffld«J frwn ttme- to tllM 5 FORM-2 (hrtB}~hallbe pnpared lnt'ftpl!Ctof-11/und. In CDaeo/UUP Fonz, 2#!Qllbe~ ot $cg~ Fund (SRN} ltwlandalloatCOllfO&loted kw#. ==-11i _.,_ ~ I I ~ 92 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III-SEC. 4] FORM· 2 (Read with Regulation 10) Name of the Insurer: Registration No: INVESTMENT ASSETS & INFRA INVESTMENTS· RATING PROFILE -~-~ ______ I_N_V~E~S~TMENT ASSETS cent~al Govt'. Sec+ Oth_er Approved Securit_i_es __ Name of the Fund----~--- Rs Crore % tc:, Inv. Assets i TOTAL {l) ! --------- ---- Approved Investment_•_ ___________ ----~M~M=, Loans, Others - Approve_d'-"ln .. vt.~~' ---------4---------~-Jl -~--~r _ _':l_p_to AA or Eg~i_y~~~!:1~+- ___ ! Equity - Approved lnvt ___ TOTAL(~2~)I--------+------- [ Oihtflllvestfflents AA-, A, lower than A or Equivalent Equity - Other lnvt Unrated, NPA, Loans, Others - Oth-tirirl_~j___ . ________ T_OT~L_{3._,_)1-I --------1--------1 _ TOTAL FUND_{l+2+3),.' =======...,.=======- ! Approved lnvestmen1s_ INFRASTRUCTURE INVESTM·EN=A-orupto_AA_or Equ:v_a~le~n-',il ____ -----+--------_-_---_-_--_-_ --~ ___________ .iq_~i!~es-Approved, _J MM, Lo_ans_, Others-Approved lnvti~--------+--------, I L_ _______ ____________ TOTAL {l): 1 , ! : Other Investments -=~---- AA-,t\, __ ~ower than A or ~_qui~~J-~n_t ·- . f------- Equities-Other lnves_t_mcc•ccn~t~s-1---_______ _j_ __ _ ' .':_':)_~-~-~-' NPAs, Oth~rs - Other tnvt TOTAL (2)'---------+------ Total Infra Investment (1+2) :>---------+---------II TOTALFUNDb========0...,=======-1 Certification Certified that the information given herein are correct and complete to the best of my knowledge. Also certified that the various investments made and covered in the return are within the categories provided in Investment Guidelines as amended from time to time. Signature: Full name: Chief of Finance Note: 1. The figures In Col (i) must match (for each type of investment) with Form 3A (Part A)/Form 38 2. FORM - 2 (Part C) shall be prepared in respect of life fund I' ' II I 111,1 ~~, '~- ~~ i ~ !., ~ s.:..J - w I J.g --i:- FORM-3A (Read with Regulation 10) Name of the Insurer: Registration Number: statement as oa; statement of Investment Assets IUJe lnsUrers) llusfness within India) .._.,..........,,_ -· Total Applcadon as per Balance Sheet (A) AM {BJ '"""''°"' C~nt Uablntles lesS (C) Debit Bnince ln P& L A/c Defe~ tlllx asset Lo,O, Adv & OtheT" Asset$ cash & Bank Balance """"""' MiSC Exp. Not Wrlttert Off Fulklsnalabfef-orlllueso11e111:\ ........ NON - LINKED BUSINESS I"- UF£RJND 1 ! Central Gow. Sec ! ! Sch-14 .,..,. Sd>-09 S<h-12 S<h-11 Sch-10 SCh-15 ·"nperllel Not Less than 25" • • • = SH - l•I lhiC01ldfladot1 of ~Assets Total 1nvestmNt Assets (as per Mante Sheet) Balante stlll« Yalue of., A..~Flffld PART-A B. Pention & Generail Annuity and Group BuslneS5 C. Unit Unked Funds i .. ' -- ""' • UL--. - Al:tual"t Amount Rt$M ; llnltRIII , .. NONPARj lbl l<I Id! l•I lfl• Ill• llfl- (hi (a+bfc+dteJ 1•11" ~ '!J ; _,,. ~ ""°""' • ! ~ • I ; - TOlalFund - IIM-•I 0) ~ ' i --f j J • =i j ~ 1 i I ' a ' • 2 3 ceritral Govt sec,. State Govt Sec or Other Approwd Securities (ind tii;otLeSsthani- t I - - -- - - - - - T- - ---E- 1 •-l ----- ------ 50% I I ----,---- I ' : lnwstmentsubjecttoExposureNorrns 1 - - - - - -i----- --+----j - -+----j-- I a /HoU$\ng& lnfrlll$tn.icture _____ _- - ---_ -- --- - -- - - ---•. -- -- -- __ ., __ l E ' ' i 1.Approwcil!Wfltrnerrts ----Not~;~than --- --·-,--- -- ---·-· --:·,~- ---- __ _ ! 2 otherlnvestments -- ----: --- / 1 --1 --t--+---~------------------ --- --------- --------+-----'----t--------L__---j b. lo Appr'l:l'\leOlnvestments ------ exc:;;ing ---·-+-----~-- --f-------------+---~------L____ --- ___ , ___ u, Oth"'"="-•U -------- - - - - -- '"'_ I I ~ TOTALUFEFUNO 100% 6. PENSION & GENERAL ANNUITY ANO GROUP BUSINESS 2 central Govt. Sec central Govt Sec, State Govt sec or Other Approved Secu~s (ind .-., Balance ln Approved lnvenment TOTAL PENSION, GENERAL ANNUl1Y FUND % asper Reg Not Less than Not Less than 40% I -- --;H- - -- - -- --- - 1- -- ---.- ---- -·-r- _____ ! ___ - ---j 1-•~]~~~'-soo,v,, .. _ 1 : A<tua1'4 • .:~., 1 1 To<alFundJ -:::~: la) _ \ lb) {c)= (a-+b) (dl {e) (fl={c+e) j (g) r-- -------r-- c- ----] -- -- ---+_----------·--t--- , _________ _L __ _J I , , I I I I Not Exceed log 60% """' ========================= LINKED BUSINESS ------------- ---- -· ----- -·--- ----------- ·------------·-----,----- C. LINKED FU NOS %asper Reg -,---·--·-----,---- -----=-~proveQ'lnve~m~n~------- ________________ _ 2j_o,her Investments -- -~---------,---- Not Less than 75% Not More than 25% - ----~~------ · Total Fund I Actual% ' PAR j NON PAR, I _____ : ta) \ lb) · (c)= (a+b} +-I (d) : ,---r---------- -- - l j ; TOTAL LINKED INSURANCE FUND """' CWJfJCATION: Certified that the information given herein ore correct, compfete and nothing hos been concealed or suppressed, to ti,e best of my knowledge and belief. .......,., ...., Fuftname: Chief of Anance NOie: {+) FRSM refers to 'Funds representing Sotwncy Margin' 2 Funds beyond So/llefKY Margin shall have a separote Custody Account. 3 Other Investments' are os permitted under Secction 1l_A{2} of..!.._nsurance Act, 1938 4 Pattern of Investment is apPlicabk to bc!h Shoreholders furrds reJlresenting solvency morgin and policyholders funds. 5 Exposure II/or-ms sho// opply to Fuflljs held beyond Solvency Margin, held In a s~te CUstody Account '.B. ~ C) ~ tn ~ z Cl s;: s ~ ~· ~ ~ ";:a ~ r· ?l .:'O . ~ FORM3A 1 ~ ... (Read with Regulation 10) Unit Linked Insurance Business ' PART-B Name of the Insurer: - ~ Registration Number: Link to Item 'C' of FORM 3A (Part A) Perlodlcty of submission: Quarterly Statement as on: Rs. Crore -. PARTICULARS SFIN1 SFIN Z SFIN 'n' Total of All Funds Opening Balance (Market Value) ·- ~ Add: Inflow during the Quarter ~ Increase/ (Decrease) Value of Inv (Net] t.ess: Outflow during the Quarter I ' 1 ... ,.-, TOTAL INVESTIBLE FUNDS (MKT VALUE) INVESTMENT OF UNIT FUND SFIN 1 SFINZ SFIN 'n 1 Total of All Funds Actual Inv. %Actual Actual Inv. % Actual Actual Inv. %Actual Actual Inv. %Actual I Approved Investments (>=75%) Central Govt Securities State Governement Securities -- Other Approved Securities Corporate Bonds -· Infrastructure Bonds Equity Money Market Investments Mutual funds Deposit with Banks Sub Total (A) -Current Assets: i Accrued Interest i Dividend Recievable i Bank Balance i ~ - ~--- -------------·------ ___ ,, _________ - -------------·------ ----- -----·-- ·-fleceivabfe far Safe of Investments -- -------·· '------···- -l-------------- +------ ·-·--- ---- l...---.....-------- -- Other Current Assets (for Investments) '-- ----------- ---------J.-..-....-------~---- --- ------ -- -- Less: Current Uabilitles -------~------ '------·-- ------~ ·--- --------- Payable for Investments --~--- -----~--- ~ ' Fund Mgmt Charges Payable -- ~ - ~--- ·---- Other Current Liabilities (for Investments) Sub Total (BJ Other Investments (<=25%) ' Corporate Bonds ---=t ±·-~ - ----------l- Infrastructure Bonds _-- --------- ~---·-- i----------- - -~---+--- -- ----~ ! Equity -- ---------- L_ --=---=_[_ -=--=---- ~L- ~---=~~--=------=-- ------= ~---- . ---~~-- ______ : ___ +- ==-= ~t-----~ -- Mutual funds --------------- Venture funds -------------- ~Others --- --- Sub Total (C} Total (A+B+C) - Fund Carried Forward (as per LB 2} Signature: Date: Full name: Chief of Finance Note: 1. The aggregate of all the above Segregated Unit-Funds should reconcile with item C of FORM 3A (Part A), for both Par & Non Par Business 2. Details of Item 12 of FORM LB 2 which forms part of /RDA (Acturial Report) Regulation, 2000 shall be reconciled with FORM 3A (Port BJ. 3. Other Investments' are as permitted under Sec 27A(2) - -, . . ' - ~ ~ I ~ z ~ !;;/ ~ ES z > ~ ~ •-L; r P3 ..:!:: IJ::: ~ ~ ~ (::; , l; ' • . FORM-3A (Read with....,,. .... ,., Name of the Insurer. . Registration Number: . PART-C Unk to FORM 3A (Part BJ -for the period, ..,,_ of SUbmlsslon: Quarterly -ofNAVol-Funds Rs.Crore Date of Assets Under NAVasonthe -ousQtr 2"d Previous 3rdPnovlous' 3Y Rolff : Hllhest:NAV Management on NAVasper 4thPnovlous No Fund Name SFIN uuod> Par/Non Par LBZ --· NAY QtrNAV QttNAV <lb'NAV Retum/Yleld .. • I'll ! since the above date CA6R i Inception 1 -egated Fuod 1 ' ' 2 Segregated Fund 2 ' i 3 Segregated Fund n .. ; i Total ' i ' CEflTlflCATION Certified that the performance of all segregated funds have been placed and reviewed by the Board. All information given herein are correct, complete and nothing has been concealed or suppr~, to the best of my knowledge and belief . . ·' DATE: Slp,at\l'ee Fufl name: .. Chief of Finance Note: L "NAV should reflect the published NAV on the reporting date - .• ~ 1 i ... ~ . ! ~ I I ~ 98 I' THE GAZETTE OF INDIA EXTRAORDINARY FOl!M-3A !R .. d with R<taulotlon 10) ........ oftha ......... ., lle&lltration Number: Sta11,men1 of AmetKln of fund, {r,,,w,~ss within /n,J;o/ Periodicity of 5ubmlssk,n =- ,o ' UFt:FUND ' c .... t,al G""f s_« C.te,;ory of Investments ' Central Govt Set, Slate Govt Sec or ot!,er Approved Secuntlo,s llnd I•) above) ' lrwestment ""bJet:t to Elj>OSU,_ Noffllf a. Hou,lng & Infrastructure ~ ---~P•~-l~t~~-- ____ --- -- -- --- - 2.0!Mfl,.,,estm- b. (i) Awroved lnvestlM'nt• (;II 0th..,. \n11estrn""ts (Not to exceed 1S%1 Tobl\A) ,o C.lftlOIY of nvi:<tments • PENSION & GENEltAL ANNUJUTY AND GROUP BUSINESS ' "'11ra\ Govt. s« ' t.e,,tnl Govt Sec, State Govt SK or Other Approved 5ecur~+es !Ind (If above) ' lla)ion<;e in Approved ..,VH~I Total !Bl ,o Category of Investments ' lffll((DFUNDS ' APl>roved !rwntmer,t ' Other lnVflStments Totol\C) gll,Tifl(ATIOfl Unk to FOIIM iA (Put ll) Qi>Hting NetAect.-tlol\ "' B•lanco, %to Total (A) for the Qtr. '" '" Not less than '"' Not!ess than "" Not-,Ssthan '"' ,o, e,cttding '"' Openin1 NetA,xn,t,on "' &alaona, % lo Total 16) lortheQtr. ,,, "' Notlc,sstt,.;,n j "'" Not\M<than .,,. '°' e~ing ""' -·· !ietA«relion •m Om= %toTota\lC) fortheQtr. ,,, ,,, Net less than '" Net more than2S" C"'1ifled that !he informatk;Jn g;,en hft'elll ate «mKt, <ompltte and nothing hao t.e.n conce;,led or $~Pl>fHsed, to the best of my kn<>wledSe and bitlief. PART- D %1oTot•I TOTAL %to Total Accretion U+2l (1+2) %tcTotal TOTAL %to Total Aec<etion 0+2) (1+2) "11,tcTctal TOTAL "lcTOUI Arc~n (1♦2) (1+2) Chldofflnll,.._ ..... ,,, MIIIIQ I FORM-3A {Read with Regulation 10) Name of the Insurer: Registration Number: Statement as on: Statement of Investment Details of ULIP Products to Segregated Funds (Business within India) Periodicity of Submission : Quarterly INVESTMENT DETAILS OF "ULIP" PROOUCTS [UIN]TO SEGREGATED FUNDS [SFIN] Inflow UINl UIN2 Premium Others (Specify) TOTAL{A) Outflow Commission Charges Claims Others TOTAL {B) Total C = {A-B) Policy Funds at "C" above allotted to SFIN 1 SFIN 2 SFIN n TOTAL {D) Difference {If any) E = {C-D) CERTIFICATION Certified that the information given herein are correct, complete and nothing has been concealed or suppressed, to the best of my knowledge and belief. Date: Signature: Full name: Chief of Finance Note: 1. UIN represents the Unique product number as per 11file and use' approved under ULIP prodcuts 2. SFIN represents the Segregated Fund Identification Number as appr.oved by the Product Approval Committee J 99 PART-E Rs.Crore UIN n 100 THE GAZETTE OF INDIA EXTRAORDINARY PotM-SB f•dwlth hplltlon 10) Name of the Insurer: Rellstffllon Number. st•ement IS CHU Stlltell'lent ofl~ment Anet1 (General ln1urer, Re-ln1urers) (BIOJnns Mfliht lltdloJ Ptf!Qdldty of 5ubmlulon: Ql.l■rterly Section 1 1·-,.;.-1-~- PARTICULARS Investments looM \ fixed Assets Current Anet, I SCH ~O~NT-·1 ! ' " I_._ 11 ''"·· b. Adv•nces & Othillr Asnts 'curru1tlllbll1tles ----------- I a. Current Llabl!ltles ! b. Provisions ~-C--o._M_l_sc. Exp not Written Off . L_ d. Deblt Balance of P&L AJc AppUcatfon of Funds II per hl■r1C9 Sheet (Al lAu:OtMfASMtt: ···- ----- - --- - - 1 Loans (If ■ny) ----- ' FIXed Affllb (If ■nv) • ~~h- & -tank Balance ~If-•~!~- __ ---- --- -~-- • :Ad.,..nces & Other Assets {If any) ' Current Llilbllltles ·-------- ' Provisions ---- ----- - -- - 7 Misc:. Exp not Written Off i • Debit Balance ofP&LA/c I ' .. I I - ' Total 'Investment AIHtf' Al per FORM ,. Section II --J '1nvestm11nt' reprmented 11 I rc;~;~;G-~. ~~;;~~-- ... ,~ < ,...,cor ar .. ppr Securffiis a l!Wfltmtnt sull)ect to Ell.posur• Norms ------------- -- ~ - a. Houslne: & loll!\$ to SG for HouJIIIJI and FFE !--~------------'-· Approved hiwstments 2. Other lnvestrTMnts b. lnfr1Jtructure lnvestmanh f.--jC------------------- 1. A.pproved Investments " " i ,. " f----i 15 0 '"' Amount - - ' " i 11 l -- - --i " " " . 15 ---- TOTAL(B) 0 (A-B) 0 SH Rea;.% hlance ,., NOt le'Ss tlla"ri --- eu, .. an I FRSM~ {b} (c) I d: (a+b+c) ... - --, [PAJ/-T III-Sec. 4] PAAT•A Rs.Crore % FVC Total I Adu•I Amount M•rket v,lue I (h) ! ,., , . lll-lcl+fJ 2. otlwr !nwstments ,-_-_,o._A_P_P.,,,.. __ ,_~_•_"_m_,_,._, ___________ ~1~~~mudfn~,-----j----+j'_-_-_-_-_· --+-I---~---+--~----+-----, L--~!~'-'-'"-~-·---"-"------------~--'-'-·-~----~----'----~-----"'' ---~--------'----~ lnvatmentAueu--"""='----------------------------------- c.rtlflcatlon: Certified that tM Information Qlwn Mre/n orr COn"fct, comp/11tt ond nothing hos bnn con,eo/ed or supprns«I, to the bnt of my knowlrtdge ond b11//11f. Date: Si1n■ture: ----------- Fu II n ■ m 1: Chief of Flnence No~; 1- (+) FRSM rrt/ttrs 'Funds rrpre1ent1nw Soll/ency Morq/n' 2. O!Mrlnvutm11nts' ore os permlttad under 278(3) 3. Pattttn of lnve,tment Is appl/coble to both Shareholders funds npresentlnrJ solvency margin and po//ey/,o/ders funds. 4. Exposurtt NO/Tl'IS ,hall apply to Fund, held lwyond Solv,mcy Margin, held In III seporote cu,rody Account " • ~ }.o i;, ~ w k FORM - 38 (Read with Reaulatlon 10) Name of the Insurer: Registration Number: Statement as on: Statement of Accretion of Assets (Business within fndia) Periodicity of Submission : Quarterly ---- No 1 Central Govt. Securities -- ..,__ Category of Investments COi Opening Balance (A) --- ·-·- ----- ~ ~ PART-B ~ ,,_ ~ Rs. Crore ------,-----~-----r--- -----, Net I I 1 , TOTAL · i I %to Accretion %toTotal I j %to Total' Opening for the Qtr. · Accrual Balance ----···-··-~ ~----- - (Bl ' (A+B) f---------··-.. +-------- - __ ,, ______________ _ 2 Central Govt Sec, State Govt Sec or Other Approved Securities (incl (i) above) -------------------------------~-----+--- --+---- ···---~----1-----+-----1- lnvestment subject to Exposure Norms __J 11 ! 3 ----- ... --·-· ,·---------+-----~'-----------1-----+------'----- a. Housing & Loans to SG for Housing and FFE ~ . ----··· -------~-----+--------+-------+--- --+--··-- ---- --t----~ ' II 1. Approved Investments 2. Other Investments : II i . -----,.--------'--------+----+----+-----~---~ ---- --~-----------------+------~------+-- ----1 -----,s·f---· i b. lnfrastru~-~~e lnves_~~en~ --------------------~-- -------+ ··- __ _ 1. Approved Investments I --+----- 2. Other Investments c.Approvedklvestments __ ----------------------~------t----- ,------, ----,-----1 _ d. Other Investments (not exceeding 25%) ---~- --------------- Total Certification: Certified that the information given herein are correct, complete and nothing has been concealed or suppressed, to the best of my knowledge and belief. Date: Signature: Full name: Chief of Finance Note: 1. Total (A+B), fund wise should tolly with figures shown in Form 3B (Port A} .. -··-; II I " § Insurer Name and Code: Date: as at: ............... . Section Norms FORM4 (read with regulation 10) EXPOSURE/ PRUDENTIAL AND OTHER INVESTMENT NORMS- COMPLIANCE CERTIFICATE Exposure I Other Norms as per Regulati,on Are the required Norms complied? (Yes/No) Investee Company I a. Investment in equity, preference shares, convertible debenture:- Exposure Exposure at any point of time did not exceed 10% of outstanding equity shares (face value) or 10% of the amount under point Regulation 9 (A.1.(a) or A.1.(b) or A.1.(c) considered separately) of this Regulation, in the case of Life insurers I an amount under Regulation 9 (A.2) or (A.3) of this Regulation, in the case of General Insurer I Re-insurer whichever is lower. {In case of Infrastructure Co, the limit of 10% shall be read as 20%. Where the investment assets of the insurer is Rs. 250000 Crores or more, the limit of 10% shall be read as 15% of outstanding equity shares (face value) or where the investment assets of the insurer is Rs.50000 Crores but fess than Rs 250,000 Crores the limit of 10% shall be read as 12% of outstanding equity shares (face value)] b. Investment in Debt/ loans and any other permitted Investments as per Act I Regulation, other than 'Equity', Preference Shares, Convertible Debentures :- Exposure at any point of time did not exceed 10% of the paid-up i~ share capital, , free reserves (except revaluation reserve) and debenture I bonds of the investee company or 10% of amount under point Regulation 9 (A.1.(a) or A.1.(b) or A.1.(c) above considered. separately) of this Regulation, in the case of Life insurers I an amount under Regulation 9 {A.2} or {A.3) of this Regulation, in the case of General Insurer/ Re-insurer whichever is lower. PART A Remarks § 5! "" i ~ ~ > I ~ z ~ ""' ~ I i'l ~ r Section Norms Exposure I Other Norms as per RegulaJkm Are the required Norms complied? Remarks (Yes/No} . {In case of Infrastructure Co, the limit of 10% shaH be read as 20%. Where the investment assets of the insurer is Rs. 250000 Crores or more, the limit of 10% shall be read bs 15% of paid up share capital, free reserves (excluding revaluation reserve) and debenture I bonds ~ ; .... or where the investment assets of the insurer is Rs.50000 Crores but less than Rs 250,000 Crores the limit of 10% shall be read as 12% paid up share capital, free .. reserves (excluding revaluation reserve) and debenture I bonds} c. Has the maximum exposure under limit for a ·single 'investee' ! company from all investment assets (Equity I Preference Shares I Convertible Debenture I Debentures/ bonds I CPs I loans and any other permitted debt Investments as per Act/ Regulation), are within the limit prescribed in Regulation 9 (BJ (In case of lnfr,;structure Co, ! the limit of 10% shall be read as 20%}? ~ d. Has debt investments made in infrastructure SPV have complied with j the lllnits, terms and conditions as mentioned in the Note: 4 of the Investment Regulation 9? . II Limit/or the e_ntire Has total investments made in entire ' 1Group of the Investee Company" is I Group of the Investee the lower of: Campany a. amount under point Regulation 9 (A.1.(a) or A.1.(b) or A.1.(c} above considered separately} of this Regulation, in the case of ' Life insurers I an amount under Regulation 9 (A.2) or (A.3} of this Regulation, in the case of General Insurer/ Re-insurer (or) b. 15% of investment Assets in all companies belonging to the group (In case of Infrastructure company the limit mentioned in-point 'a' . above shall be read as 20%} ... Ill Promoter Group Has total investments made in all ucompanies falling under Insurer's Company Promoter Group 11: § ' l --t I • ==i -i " ~ C ; t ~ ~ Section Norms IV Industry sector Are the required Norms Exposure I Other Norms as per Regulation ! complied? (Yes/No) a. is not more than 5% in aggregate of its total investments in all companies belonging to the promoters 1 groups. b. not made investments in any companies belonging to the promoters' group by way of private placement (equity) c. not made any investment in unlisted instruments [equity & debt certificate of deposits and fixed deposits (without prejudice to Section 27A (9) and Section 278 (10) of the Act) held in a Scheduled Commercial Bank], except for companies formed by Insurers under Sec 27A (4) or Sec 278 (5) of the Act. Has investment made by the insurer in any industrial sector [except Financial and Insurance Activities sector as per National Industrial Clossification {All Economic Activities)- 2008]: 1, not exceeded the lower of: 15% of the amount under Regulotion 9 {A.l.(a) or A.1.{b) or A.1.(c) considered separately) of this regulation in the case of life insurer I an amount under Regulation 9 (A.2) or {A.3) of this regulation, in the case of General Insurer I Re-insurer (or) 15% of investment Asset 2. Has the investment made by the insurer in Financial and Insurance Activities sector as per National Industrial Classification {Afl Economic Activities) - 2008 (excluding Fixed Deposit, Term Deposit and Certificates of Deposit) not exceeded 25% of its total investment assets? 3. Is the classification of industrial sectors been done on the lines of National Industrial Classification {All Economic Activities}.- 2008 {NIC] for all sectors, except "Infrastructure sector". 4. Has exposure been calculated at Division level from A to R of (NJC (All Economic Activities) - 2008) Classification for all sectors othe; tha_n Remarks ~ ~ 2 ~ 0 .,, i !;l ..., ~ ~ ► ~ 1 T V, m n 111.±! •. ~ "-' ~ ---tJ ~ ~ '-1 Section V VI Norms 5. Rating Criteria 1. 2. 3. 4. 5. Others A. . Are the required Norms Exposure I Other Norms as per Regulation complied? Remarks (Yes/No} infrastructure sector? ~ ~ Has exposure been calculated for Financial and Insurance Activities sector at Section level (of NIC (All Economic Activities}-2008)? ~ ,. ~ Are investments under 'Approved Investments' made only in rated instruments, if such instruments are capable of being rated? At the time of purchase, are Corporate Bonds rated below AA (A+ with the prior approval of the Board of the Insurer) or its equivalent . and Pl or equivalent (in case of short term instruments) classified .. under "Other lnvestments 0 ? .. Are instruments downgraded below the minimum rating prescribed ! under Note 3 & 4 to Regulation 3 to 8 of the /RDA (Investment) ~ Regulation, 2000, as amended from time to time, reclassified under ''Other lnvestments 0 through the System? ~ Are 'Debt' instruments (including Central Govtl State Govt Securities and Other Approved Securities) - fund wise1 in the case life insurer {including ULIP funds at segregated fund level) and Investment Assets I in the case of general insurer - have a minimum rating of Sovereign1 AAA or equivalent rating for long term and Sovereign1 Pl+ o~ equivalent for short term instruments, not less than 75% (Life Insurer) /65% (General Insurer}? Are 'Debt' instruments (including Central Government Securities1 State Government Securities and Other approved securities) - fund wise, in the case of life insurer (including UL/P funds at segregated fund level) and Investment Assets in the case af general insurer - have a rating of A or below or equivalent rating for long term1 are not more than 5% {8% in the case of Non-Life Insurers)? CONFIRMATION ON POLICY/ SYSTEMS/ PROCEDURE § f c ' ..j i i 'l j a . " i i ' -,: . T, ~ i Section Norms Are the required Norms EJtfJesu,e / Other Norms QS per Regulgtion \ complied? 1. Has the software application for Investment Operations, been fully automated without manual intervention in calculating the exposure norms of Investee Company, Group, Promoter Group and· Industry Sector, as per the various slabs of 'investment assets' provided under Regulation 9 /8)? 2. Is the Constitution of the Investment Committee of the Insurer in full compliance with the requirements mentioned under Regulation 13 of investment Regulation? 3. 4. 5. 6. Was none of the functions of the insurer relating to Investment Operations falling under Front/ Mid I Bock Office, (covering both Shareholders and Policyholders Investments), outsourced (except to the extent permitted under Point 11 and 12 of Annexure II to Circular INV/CIR/008/2008-09 Dt. 22"d Aug, 2008 with respect to Outsourcing of Investment Advice and NAV Calculation)? Is the Audit Committee of the Board, headed by a Chartered Accountant, provided he is a member of the Board of the Insurer? Have periodical Investment Returns to be fjled for the Quarter, prepared in full compliance with the "Guidance Note on preparation of Investment Returns'' issued by /RDA? Have amendments to the Investment Policy, been approved by the Board of the Insurer? 7. Has the model code of conduct, to prevent insider/ personal trading of officers involved in Investment Operations. including front, mid~and back office as approved by the Board, implemented? if so: a. Does it cover Officers involved in Investment Operations at various levels? b. Does the code of conduct cover each Officer in such level? c. Has the Board been informed of compUance or otherwise to {Yes/No) Remarks s: :iJ m ! 0 ..,, I I :,,., ~ '=o ~ T C/0 ~- ..=:; Section Norms ~- ~~ 8. Exposure I Other Norms as per Regul_qtion model code of conduct during the Quarter? d. Has the Concurrent Auditor issued his Audit Report of previous Quarter, without any qualification on aspects of model code of conduct implemented by the Insurer? - e. Where breach of model code of conduct, if any, reported during the previous Quarter, been dealt properly and appropriate action as recommended by Audit Committee/ Board been taken? Does the segregation of front, mid and bock office - are as per Technical . Guide on Internal I Concurrent Audit of Investment functions of Insurance Companies issued by the Institute of Chartered Accountants of India? 9. Have all non-compliance reported in the Chartered A.Ccountant's certificate issued (as per the Technical Guide on Investment Risk Management Systems & Process of Insurance Companies, by /CAI) on the 'status' of implementation of Investment Risk Management Systems and Process been implemented as per timelines committed to /RDA? 10. Has the Internal I Concurrent audit Report of the previous Quarter with the with comments of Audit Committee of the Board, on 'very serious', 'serious' points (as per the Technical Gulde on Internal / Concurrent Audit of Investment functions of Insurance Companil!s, issued by the Institute of Chartered Accountants of India) in the report, and status of implementation of Audit committee recommendation been placed before the Board of the Insurer during the current quarter? 11. Have the Audit Report of the previous Quarter along with Audit Committees recommendation and its implementation status filed with the Authority along with these returns? 12. Have the increase during the quarter, in Shareholders' funds (other than income from shareholders' investments, maintained in a Are the required Norms complied? (Yes[No) r Remarks 1 ~ .!>, ~ ~ ~ 1 I ~ Section Norms ! ' I . i I I I Are the required Norms Exposure/ Other Norms Os· per Ri!9Ulcition j compUed? separate custody account} held beyond solvency margin requirement is supported by surplus calculation certified by the Appoihted Actua,y? [annex a copy of Appointed Actuary 1s Certificate to this return/ 13. Has the Board reviewed {both life and non-life Insurers} during the previous quarter the performance of products [at line of business level in the cos~ of General Insurers!? 14. Has the Board1 during the previous Quarter, reviewed (both life and non-life insurers) the performance of investments? [the review in the case of life insurers should cover both Non-Unked and Linked funds [SF/NJ level] 15. Has the life insurer, in the case of ULIP business reconciled, through the system, the premium received (net of charges and benefits paid) under each product (Unique Identification Number - UIN wise) with value of all the segregated fund(s) (Segregated Fund Identification Number- SFIN wise) net of fund management charges1 held under a single UIN1 on a day to day basis, during the quarter? 16. Has the life insurer disclosed UIN wise reconciliation on the Insurers website on the same day? 17. Is there a fully automated system to generate, on a day to day basis, Form 3A - Part E {Investment Details of ULIP Products to Segregated Funds)? 18. Has the life Insurer disclosed the value of policy wise units held- by policyholder on the Insurer's policyholder portal? 19. Has the life insurer disclosed fund wise NAV {SFIN wise) on the Insurer's website and life council website an the same day? 20. Has the Standard Operating Procedure (SOP) approved by the Investment Committee of the Insurer? (Yes/No} ffemarlcs iiii ..., ::r: tT1 C, ~ tT1 ..., ..., tT1 0 .,., z 0 s: m X ..., s:: 0 El z ~ ? r R -== - ~ Section Norms Exposure/ Other Norms os per Regulation ).., l:l) ~ - w 21. Does the SOP, for each 'category of investment' is same across all fund(s}? ~ - 22. Does SOP of the Insurer, for "each" Category of Investment, (as per '~ Guidelines INV/GLN/001/2003-04, as amended from time to time, issued by the Authority) provide individual activities to be carried out in Front, Mid and Back office? 23. Have all investments made (100%} followed the IC approved SOP? 24. Does the Investment made during the Quarter, are wlth_in the exhaustive 'Categories of Investments' prescribed under GuideUnes JNV/GLN/001/2003-04, as amended from time to time? .. 25. Has the Insurer during the Quarter taken any Derivative position (including interest rate swap and Credit default swap}? If Yes: -' a. Has the Derivative Policy been approved by the Board of the Insurer? b. Has the insurer taken prior approval of /RDA for such Derivative policy? c. If so, is there a process to identify the risk to be hedged [1und- wise' in the case of Life Insurers}? d. Does such derivative position comply with /RDA Guidelines? e. Has derivative exposure taken, are clearly identified with the portfolio risk to be hedged? f. Has the Insurer filed the regulatory information I returns required under the Guidelines issued? 26. Are investment made in immovable property covered under Section 27A /1} (n} of the Act shall not exceed, at the time of investment, within 5% of the Investment Assets [as per FORM 38 (Part A}} in the case of General Insurer I within 5% of Life fund, Pension & General Annuity Fund, [as per FORM 3A /Part A}} in the case of Life Insurer. Are the required Norms complied? Remarks (Yes/ No} . - ·• . ] i ,. ~ ~ ~ j I § I Semon Norms E,q,osure I Othu Norms as pu lfegulatlon 27. Have NO investments in Immovable Properties been made out of ULIP Funds? 28. Are investments in equity shares through /PO, Mutual fund, Venture fund, SEBI approved Alternate Investment Funds, Corporate Bond Reverse Repo, /OF (as per Note 2 to Regulation 9) Perpetual Debt instruments of Bank's Tier-I Capital and Debt Capital instruments of Bank's Upper Tier-II Capital, made in compliance with the relevant circulars issued in this regards from time to time? 29. Are investments in asset backed securities, PTC~ SRs both under Approved and Other investment category, made within 10% of Investment assets in case of Life Companies and 5% of Investment assets in case of Non - fife companies 30. Are any securitized assets with underlying housing or infrastructure assets, if downgraded below AAA or equivalent reclassified as Other Investments B. CONFIRMATION ON INVESTMENT OPERATIONS/ EXPOSURE l. Has Shareholders funds been split Funds Repres.enting Solvency Margin (FRSM) in FORM 3A (Part A)? - 2. If funds are split as per point 1 above, between FRSM and Balance, have the same been maintained in separate custodian account with identified 'scrips' for both Life and General (including Re-insurance) companies and reconciled with FORM 3A /Part A) I FORM 38? .. , - 3. Da each 'Segregated fund' [SF/NJ have underlying 'Scrips', identified upto to Custodian level? 4. Do each 'Segregated Fund' [SF/NJ have not less than 75% of Approved Investments as defined in the Act? Are the required Norms compfled? Remarks (Yes/No) I . ' I 0 ;t m Cl ~ ~ !;l z ~ I ~ ~ ';a ~ ; c':: Section Norms ~ ..,; 5. 6. Exposure I Other Norms as per Regulation..... Does all investments in assets or instruments which are capable of being rated (except Fixed Deposits with Scheduled Commercial Banks) are made based on 'instrument'-rating and NOT based on Investee 'Company' rating? Have Investments in debt instruments rated AA - {AA minus) or below classified under Other Investments? 7. Are Investments made in a Public Umited Special Purpose Vehicle {SPV/ engaged in infrastructure sector is within 20% of the project cost (or) amount under Regulation 9 (BJ (i/, whichever is lower? 8. If answer to point above is 'yes', have all the requirements mefltioned under Note 4 to Regulation 9 hove been complied? 9. Are investments mode in Mortgaged Backed Securities [MBS] I Assets Backed Securities [ABS] complied with the requirements of Note 5 to Regulation 9? 10. Has 'each' purchase and sale of Investments, as mentioned In the Deal Slip, been identified with respect to 'each' fund I 'segregated fund' in respect of ULIP funds? 11. Are all thinly traded equity (as per SEBI norms} classified as "Other Investment"? 12. Has inter fund transfer, been done as per circular IRDA/FA/02/10/2003-04 and any other circular issued from time to time , between ULIP funds during Market Hours, for Equity and Debt at the prevailing price and not based on broker quote? 13. With respect to 'each' Segregated Fund {including Discontinued Policy Fund (DPFJ] in the case of ULIP business, wh~her reconciliation of "Units 0 have been made, between Policy Admin System (PAS} and Are the required Norms complied? (Yes/No} Remarks j" ; ... ~ ~ ~ j I = ' ' 1 ~ I I i ==i j • ~ . a 1 t "'! . i d Section Norms -~ - Exposure/ Other Norms a& per RegulatiOII Investment Accounting Systems through a fully autdmated system using process integrators to ensure seamless data transfer witho_ut manual intervention? 14. Does the Primary Data Server of the Computer Application used for Investment Management maintained within the Country? 15. Has the insurer, reconciled investments, fund-wise, with bank and custodian records on 'day-to-day basis for 'each' segregated fund? 16. Has the insurer, reconciled investment accounts, for each fund in the case of Non-ULIP Business and General Insurance Business, with Custodian records? 17. Has valuation of investments of 'each' fund (including ULIP), done as prescribed in /RDA (Preparation of Financial Statements and Auditors Report of Insurance Companies) Regulations, 2002? 18. Is there any shortfall/deficit in meeting the Discontinued Policies Fund (DPF) liabilities? 19. If the answer to above point is 'Yes', has the Insurer provided for such shortfall I deficit on a quarterly basis? - 20. Have all the negative deviritions reported in FORM 4A (Part A)? 21. Has NAV of each segregated fund {SF/NJ been audited before its declaration by Internal I Concurrent Auditor on a day-to-day basis (on T+O basis}? - 22. Has the Insurer floated any new fund during the quarter? 23. If the answer to point above is 'yes', has the directions in respect of Fund Approval procedure and Guidelines on NAV Process as per Circular IRDA/F&I/CIR/INV/173/08/2011 Dt. 29'" Jul, 2011 complied with? Are the required Norms complied? Remarks (Yes/No} ' - ' ,::; -l [:ii i 0 "' z ~ I ~ ~ cl r m 0 c!:: I)'-._ "' )-:, (\ ~ w I ,... "' Section Norms Are the required Norms Exposure I Other Norms as per Regulation I complied? 24. Has the insurer, apart from the credit rating evaluated by the rating agencies, carried out their own risk analysis commensurate with the complexity of the praduct(s} and the materiality of their holding for every investment made? CERTIFICATION (Yes/No} Remarks Certified that the information given herein is correct and complete to the best of my knowledge and belief and nothing has been concealed or suppressed. Signature: ............................................ . Signature: ............................................ . Signature· ............................................ . Chief Executive Officer Chief of Finance Chief of Investments Date: ~ ~ - ~ ,. ~ j ~ j I c:; FORM-4 (Read with ._..tlon 10) Name of the Insurer. Registration Number: Statement as on: ,---------~- ' ,.,.,.. INTERNAL/ CONCURRENT AUDITOR'S CERTIFICATE ON INVESTMENT RISK MANAGEMENT SYSTEMS- IMPLEMENTATION STATUS ----~---7 T I MMM/VYYYCommittedbythe Severity of Non Act1on(s) taken for I r d IRDA f Proof provided (or) demonstrated by I Remarks & Comments of Audit Committee of the Soard on non-compliance of 'time frame' communicated to IROA on No 1 A • Annexure Ref Audit Objective Audit Observation I 2 3 4 ISSUES OF PREVIOUS QUARTfR{S) ----- --~••~I-- ISSUES TO 8E COMPLIED IN CURRENT QUARTER ···} Compliance Comci1ance Insure s Boar to Of _p _ _ complymg with the requirement I with the Requirement 6 7 t------- 8 the Insurer, to the Auditor to comply -- _ .-____ E-+----: - ·---,· -±- CERTIFICATE _t= 1-···· - -~ implementing Systems & Processes 9 We certify that fill. issues to be reported to IRDA on implementation of Investment Risk Management Systems and ProcessES, for the Quarter and pending issues of previous Quarter(s) [as committed to IRDA), and as listed in the Chartered Accountant's Certificate issued, vide Circular INC/CIR/008/2008-09 Dt. 22nd Aug, 2008, have been covered ln the above table. Place: Date: _, 1. No. (under Col. 1 in above table) shall be os per the Annexure(s) to the Certificate issued by the Chartered Accountant appointed to· certify implementation of Investment Risk Management Systems and Process 2. If oil the issues hove been complied with and no issues to be reported, o NIL statement should be filed Chartered Accountants (Internal/ Concurrent Auditor) ;: ~ i ~ i ~ ~ z ~ s::a . ~ ::: ~ ~ ,- / , ,._ f0KM·4A ~ (Read with Regulation 10) PART A 1 - Name of the Insurer: •' Registration Number: ; ,.. Statement as on: Total Investment Asset for the quarter as per FORM 3A: EXPOSURE NORM COMPLIANCE • INVESTEE COMPANY Rs. Crore Equity & Equity related Debt + Others Equity + Debt + Others Deviation Amount i of Deviation with respect to Regulatioo Investee Company Whether No (Equity/Debt) Eligibility Limit Eligibility Limit Elisibility limit Equity+ as per Actual as per Actual as per Actual Equity (Debt + Others) Equity + Debt + Equity (Debt+ Debt• Regulation 9" Regulation 9" Regulation CJ" Othen Othen) Other, ~ m I . CERTIFICATION certified that the information given herein are correct, complete and nothing has been concealed or suppressed, to the best of my knowledge and belief. I Sip&ture: Date: Full name-: Chief of Finan« Note: 1. Above table shall be Complied separately for Life, Pension & General Annuity and Group Business and Individually for each Sesregoted Fund (SF1N) AHD at Assets under Management Level 2. Only (•ve} deviations are to be reported . 3. Exposure would be on the basis of Book Value for Non-unit linked funds & on Market Value for Unit linked FurKls 4. Provisions of Section 27A (8) I Section 288 (9) of The Insurance Act, 1938 hos been complied with. . ,. ;:;; i ~ i I i ==j j C . " ~ i t T ~ i FORM-4A (Read with Regulation 10) Name of the Insurer: Registration Number: Statement as on: No Name of Group cOmpany a b CERTIFICATION PARTB Total Investment Asset for the quarter as per FORM 3A: Rs. Crore EXPOSURE NORMS COMPLIANCE- PROMOTER GROUP Eligibility limit of group as per Actual lnvest'ments % of Deviation with respect to Regulation 9 (Cumulative) Deviation regualtion d e f=d-e g Certified that the information given herein are correct, complete and nothing has been concealed or suppressed, to the best of my knowledge and belief. Signature: Full name: Date: Chief of Finance Note: 1. Above table shall be Complied in aggregate of its total investments 2. Exposure would be on the basis of Book Value for Non-unit linked funds & on Market Value for Unit linked Funds a: ~ ~ ~1 ;;j I;; i ~ 0 El z ► ~ w -f c!:: / _, ' r;; ~ -.::i w 1 "" " FORM-4A (Read with Regulation 10) Name of the Insurer: Registration Number: Statement as on: No Name of Group Company a b CERTIFICATION PARTC Rs. Crore Total Investment Asset as per FORM 3A: EXPOSURE NORMS COMPLIANCE- GROUP Eligibility limit of Actual Investments % of Deviation with group as per (Cumulative) Deviation respect to Regulation 9 regUciltion C d f-c-d g Certified that the Information given herein are correct, complete and nothing has been concealed or suppressed, to the best of my knowledge and belief. Date: Note: Signature: Full name: Chief of Finance 1. Above table shall be Complted separately for Life, Pension £t General Anniuty and Group Business and Individually for each Segregated Fund (SFIN) AND at Assets under Management Level its total investment assets 2. Exposure would be on the basis of Book Value for Non-unit linked funds Et on Market Value for Unit linked Funds j ~ ,. ~ ~ ~ j I :::; FORM •4A (Read with Regulation 10) PARTD Name of the Insurer: Registration Number: I Statement as on: Rs.Crore Total Investment Asset as per FORM 3A: EXPOSURE TO INDUSTRY SECTOR I Eligibility limit of Actual Investments % of Deviation with No Name of Industry Sector (as per Regulations) industry as per (Cumulative) Deviation Regulation 9 respect to regualtion a b C d e=d-c I • I CERTIFICATION Certified that the information given herein are correct, complete and nothing has been concealed.Dr suppressed, to the best of my knowledge and belief. Signature: f Date: Full name: I Chief of Finance -, Note: 1. Above table shall be Complied separately for Life~ Pension & General Annuity and Group Business and Individually for each Segregated Fund (SFIN} AND at Assets under Management Level Its total investment assets 2. Exposure would be on the basis of Book Value for Non-unit linked funds & on Market Value for Unit linked Funds 00 ...., :i: "1 ~ "1 Sil I I ~ >- ~ s;; ~ ! m " c'= "' .,.... 1-> ~ ~ i;; ' w FORM· S (Read with Regulation 10) Name of the Insurer: Registration Number: Statement as on: Statement of Investment Rerondliation (Business within lndla} Pertodldty of Submtsslon : Quarterly .. ' cateaor, o# lnvestmflrtts : ~ntf'(I/ Govt. Sc!curir~ co, ~ .. - Name of the Fund: ------ Openlne Ballna! Purchase for the ... riod Sale for the Period Adj ........ ----+--- Face Value Book V.tue ! Face Value! Book Value ' Face v.iue BookVah.M flee Val"' Rs.Cro,e 2 I Centl'(I/ Govt. sec:, StMt Govt Se.: o,- Other Approved Se<: ------t------t-------, --t---------t----+---1-----+---+----l----+-- 'ln""stments $411,,/e(t tCI Elqnoure Nomu (a) Housing & Loans to State Govt~fo,_H-Ou_,_'"c•_l_"_E __ +--->----~ 1. Approved lnVfitments Z. Other Investments (b) Infrastructure lnvestmi!nts J. Approved Investments z. Other Investments ·--- ··--------j-------t---- !tc:J Approvedln~ts ---------~-----+--- ~-----·---------~~----;-----~-- ;(d) O~r Investments -----+- TOTAL CERTIFICATION Certified that the information given herein are corrttt, complete and nothing hos been concealed or suppressed, to the best of my knowledge and belief. Also, certified that o/1 Cash Market transactions executed on the Stock Exchange are made on/yon De/Ivery basis. Date: NOR: 1. Individual Categories under each of the above Major heads should be listed with Catego,y Code L---+----t---+----f---- ......... Full_ Name & Deslcnatlon Chief of Flnanc.e 2. FORM-5 shall be prepared in respect of each fund. In case of ULIP Form 5 shall be prepared at Segregated Fund (SFIN} level and also atronso/ldated level. 3. Each sub-total ofFORM-5 shall be linked to Its COffesponding head in PART-A of FORM-3A / FORM-38. 4. 'Other Investments' are as permitted under Sec 27A(2) and 178(3) 5. Guidelines on preparation of FORMS should be strictly followed. 6. The '" to Toto/' Column, in the case of Non-Linked funds shall be computed on Book Value and in the Case of Linked Funds it shall to Market Value ~ ~ ... ~ ! ~ 1 I :;; ' i I • • i ' • ' FOftM •SA (tteadwtth ltegutatk,r110, N•me of the Insurer: Rellstr11tlon Number: Statement as on: St11tement of Investment m•de In Mutual Funds Periodicity of Submission : Quarterly Name of the Fund: ---- Fls.Crore Op. Balance Purchase for the Qtr Sale for the Qtr 0. Balance 1 , "to Total -----------------------' MarketVal...e; Inv. PARTICULARS COi Units Amount Units Amount Units Cost of Sale Units Book Yalu• i--- -, _L_ ,- ,App~odlow.,,.fflU _ _ __ -l ~M, '.~F-Gllt/GSec/Liqui~~h•m~~--- _ ·----· -· - -,- - --+EMPG -- 0 0 To<•I (A) Iii,~- ,~_F_-_(_~~-~er ln~-:;,'s Prom~t~~ ~roup) -] [ _____ _ I oi o, - ~- Other Investments c' · O•b<! lo,om, / S.m•I/ c,,a,deood, OMGS ~- 0 o: lM,-(,od•""'"~""••mo,o,G~,o)__ · r o~;;; _L. ' ' - ----- - -·· -· -·-: , ___ _ 0 CERTfflCATIDN Certifi~ tliot the information given herein ore correct, complete ond nothing hos been concealed or suppressed, to the best of my knowledge and belie/. Date: NOTE 1- FORM-SA shall be prepa~ in f'ffpttt a/Life, Pension & Genera/Annuity ond Group Business ond ULIP funds~ 2. Each sub-total of FORM-SA shall M Nnlted to Its corresponding hff'd In FDRM-5. J_ 'Other lnvntments' ore os perm/tt,rd under Stt 27A(2) and 278(3) of The Insurance }let,1938 4. Guid,rl/nes on preporot/an of FORM 5 should Wstrict/y fol/awed. 0 _ _j_ __ _ ol ol -· Full name, Chief of F"'-"" 5. ln=tmenr.- mode /n /;quid ond Gilt mutuolfunds In excess of norms specified in C/rcu/111r; INV/OR/008/2008-09 Dr. 2nd Aug, 2008 under Polnt:5, shall be reported under 'Oth•r inwstm,rnt:,;' 6. FORM-SA shall be prepared in respect of eoch fund. In case of UUP Form 5 sho/1 be prep<Jred ot Segregated Fund (SFIN) level ond olso at consolidated level. g :i! m 0 § m ~ z ~ ~ ~ ~ ~ ? r f'l c!; FORM- 6 (Read with ftelulatlon 10) _, _ _.__ N of the Insurer: =----- Name of the Fund: ' . tion 28(2A) / 28(2B) / 288(3) of The Insurance Act, 1938 - sion : Quarterly ···"' ---- . - ----- Under the Custody of No lnVf!stment Particulars Bank/ Custody (Rs) Sett (Rs) I Others (Rs) 1 2 3 Share Holders ! Policy Holders ' Share Holders Polley Holders - Central Govt. Security I Central Govt Securities, State Govt Securities or Other Approved Securities I I Investment subject to Exposure Norms I a. Housing & Loans to State Govt. for Housing & FFE ! . 1. Approved Investments ' 2. Other Investments ! ··-· b. Infrastructure Investments I 1. Approved Investments i 2. Other Investments . ! -~- ----·· ··-· c. Approved Investments I d. Other Investments I TOTAL ·. CERTIFICATE we certify that the above mentioned_securities are held free of any encumbrance, charge, hypothecation, or lien as on the above date. Signature: Signature: Full name: Full name: Chairman Director 1 Note: - J. Custodian should certify that he is not disqualified under SEBI (Custodian of securities) Regulations, 1996 as amended from time to time. 2. VOll/,e of the Securities shall be as per Guldelintts 3. In the-case of Life Insurance Business, FORM-6 shall be prepared in respect of each fund and in aggregate for Segregated Funds 4.. n..- values under certificate should be ad}ust~d fer Pur.chfise I S,,le of investments purchased and awaiting settlement. _ ,! r,f~l_;~if~~n t_o .!'!!S effect :s~ould be .;:~~''.·_ 0 _d to the-.~~ote. I I I I : ) •• I ! I : ! I I ' Share Holders Policy Holders Signature: Ful1 name: Director 2 Signature: Full name: Principal Officer --- - ·- - - Rs,Crore Total (Rs} SH+PH l i l ; I - - ~ ~ ~ ... ~ ] ~ J I B l >_,,-. ! i ~ I 1 ' l -i i 1 1 t i " a. ~ ~ ~ '< 5' 0 . ;:: 0 • ~, • o,'\j 0 " ~· =: CJ :S-~ g_ ~ 0 ~3 '< 0 - a ~o 0 -- Q 5' 0 ~ [ ~· ~~ 0 ~ -- . .,, 2:'. C 0 ,!;"" ;:;· ,:, ~- 0 C 0 0 ~ .~. "' ;:: 0 • -.., ~~ ' " -c 0?• 5: z Ao • :i' r 0 0 ~ A I i ' ' I I FORM7 (Read with Regulation 10) Name of the hm.m!r. Registration No: Name of Fund: Rs.Crore DETAILS OF NON-PERFORMING ASSETS ·QUARTERLY . Bonds/ Debentures Loans Other Debt instruments TOTAL NO PARTICULARS YTD ( As on YTD ( As on Prev. FY ( As on 31 Prev. FY ( As on 31 YTD ( Ason Prev.FY(Ason31 YTD {As on Prev. FY ( As on date) Mar .. ,.) date) Mar .... ) date) Mar .... ) date) 31 Mar ... ) 1 Investments Assets (As per Form 3A / 3B - Total Fund) 2 Gross NPA 3 % of Gross NPA on Investment Assets (2/1) 4 Provision made on NPA 5 Provision as a% of NPA (4/2) 6 Provision on Standard Assets 7 Net Investment Assets {1·4) 8 Net NPA (2-4) 9 % of Net NPA to Net Investment Assets (8/7) 10 Write off made during the period Certification Certified that the information given herein are correct and complete to the best of my knowledge. Also certified that the various investments made and covered in the return are within the exhaustive categories provided in Investment Guidelines as amended from time to time. Signature: Full name: Chief of Finance - Note: 1. The above statement, in the case of 'Life' Insurers shall be prepared 'fund-wise' Viz. Life Fund, Pension & Genera! Annuity and Group Business and Ul/P Fund 2. Investment Assets should reconcile with figures shown in Schedule 8, 8A, 88 & 9 of the Balance Sheet 3. Gross NPA is investments classified as NPA, before any provisions . 4. Provision made an the 'Standard Assets' shall be as per Circular: 32/2/F&A/Circulors/ 169/Jon/2006-07 Os amended from time to time. 5. Net Investment assets Is net of 'provisions' - 6. Net NPA is gross NPAs less provisions 7. Write off os approved by the Boord 8 ~ ~ g en Sil z 0 ► ~ ; z ► ~ ~ ~ r ~ c!: //