IRDAI circular · 24 Apr 2023
Page 2 of 29 Table of Content S. No. Regulation No. Description Page No. I 5(1)(ii) No-Objection Certificate 2 II 5(1)(iii) Application for Issuance of Form IRDAI/R1 2 III 5(2)(i)/(ii) Form IRDAI/R1 3 IV 5(2)(iv)/(v) & 5(3(i) Form IRDAI/R2 11 V 11 Form IRDAI/R4 16 VI 6(10) & clause 1(a) of Schedule 2 Form IRDAI/ToS: Ap…
[Image omitted. See the official document.] भारतीय बीमा विनियामक और विकास प्राधिकरण INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA
संदर्भ: आईआरडीएआई/एफ&आई/सीआईआर/आरआईसी/90/4/2023 Ref: IRDAI/F&I/CIR/RIC/90/4/2023
दिनांक / Date: 24.04.2023
भारतीय बीमा कंपनी के पंजीकरण संबंधी मास्टर परिपत्र, 2023 Master Circular on Registration of Indian Insurance Company, 2023
प्राधिकरण ने आईआरडीएआई (भारतीय बीमा कंपनियों का पंजीकरण) विनियम, 2022 (इस परिपत्र में इसके बाद “विनियम” के रूप में उल्लिखित) अधिसूचित किये हैं। आईआरडीए अधिनियम, 1999 की धारा 14 द्वारा प्रदत्त शक्तियों का प्रयोग करते हुए, प्राधिकरण इसके द्वारा उपर्युक्त विनियमों में उल्लिखित रूप में विभिन्न फार्म विनिर्दिष्ट करने तथा उपर्युक्त विनियमों के उपबंधों के संबंध में स्पष्टीकरण देने के लिए यह मास्टर परिपत्र जारी करता है।
The Authority has notified the IRDAI (Registration of Indian Insurance Companies) Regulations, 2022 (herein after referred to as “Regulations”). In exercise of the powers conferred by Section 14 of the IRDA Act, 1999, the Authority hereby issues this Master Circular to specify various forms as referred in the said Regulations and to provide clarifications on various provisions of the said Regulations.
उक्त मास्टर परिपत्र के निर्गम की तारीख से निम्नलिखित दिशानिर्देश और परिपत्र निरस्त किये गये हैं: The following Guidelines and Circulars shall stand repealed from the date of issuance of the Master Circular:
आईआरडीएआई (भारतीय बीमा कंपनियों में निजी ईक्विटी निधियों के द्वारा निवेश) दिशानिर्देश, 2017. IRDAI (Investment by Private Equity Funds in Indian Insurance Companies) Guidelines, 2017.
आईआरडीएआई (सूचीबद्ध भारतीय बीमा कंपनियां) दिशानिर्देश, 2016. IRDAI (Listed Indian Insurance Companies) Guidelines, 2016.
बीमा कंपनियों के शेयरों के अंतरण संबंधी परिपत्र सं. आईआरडीएआई/ एफ&ए/सीआईआर/ टीआरएसएच/195/07/2020 दिनांक 22.07.2020. Circular No. IRDA/F&A/CIR/TRSH/195/07/2020 dated 22.07.2020 on Transfer of Shares of the Insurance Companies.
बीमा कंपनियों के ईक्विटी धारिता के स्वरूप के विवरण संबंधी परिपत्र सं. आईआरडीएआई/एफ&ए/सीआईआर/ईएचपी/162/09/2018 दिनांक 27.09.2018. Circular No. IRDA/F&A/CIR/EHP/162/09/2018 dated 27.09.2018 on Details of Equity Holding Pattern of Insurance Companies.
यह मास्टर परिपत्र इसके निर्गम की तारीख से प्रवृत्त होगा तथा इसके निर्गम की तारीख से 3 वर्ष की अवधि के लिए प्रभावी होगा, जब तक इसके पहले इसकी समीक्षा नहीं की जाती और/या इसकी अवधि नहीं बढ़ाई जाती।
This Master Circular shall come into force from the date of its issuance and shall be in effect for a period of 3 years from the date of its issuance unless reviewed and/or extended earlier.
[Image omitted. See the official document.]
(राकेश जोशी / Rakesh Joshi) सदस्य (वित्त व निवेश) / Member (F&I)
पृष्ठ / Page 1 of 29
Table of Content
| S. No. | Regulation No. | Description | Page No. |
|---|---|---|---|
| I | 5(1)(ii) | No-Objection Certificate | 2 |
| II | 5(1)(iii) | Application for Issuance of Form IRDAI/R1 | 2 |
| III | 5(2)(i)/(ii) | Form IRDAI/R1 | 3 |
| IV | 5(2)(iv)/(v) | ||
| & 5(3(i) | Form IRDAI/R2 | 11 | |
| V | 11 | Form IRDAI/R4 | 16 |
| VI | 6(10) & clause 1(a) of Schedule 2 | Form IRDAI/ToS: Application for approval u/s 6A | 17 |
| VII | Clause 7(a) of Schedule 2 | Equity Shareholding Pattern & Fit and Proper Declaration | 22 |
| VIII | - | Transitory Provisions and Clarification | 28 |
The application for issuance of No-Objection Certificate (NOC), as referred in Regulation 5(1)(ii) shall be filed online at IRDAI website i.e. www.irdai.gov.in [currently, the form to apply for NOC for ‘New Insurers Registration’ is placed under the ‘E-services’ section on the website of the Authority.]
The application for issuance of Form IRDAI/R1, as referred in Regulation 5(1)(iii) shall be made on the letter head of the applicant, duly signed by its authorized person and shall be accompanied with the following documents:
Page 2 of 29
| S. No. | Particulars | Response |
|---|---|---|
| A) | Information about Applicant | |
| 1 | Basic Details | |
| i. Name | ||
| ii. Address (Registered Office and Communication address) | ||
| iii. Contact details (Name of Authorized person, email id and phone number) | ||
| iv. Legal status (Company, Cooperative Society or Statutory body) and CIN Number | ||
| v. Registration Number and address of registrar | ||
| vi. Date of incorporation | ||
| vii. Permanent Account Number | ||
| 2 | Class of Insurance Business for which registration is sought (Refer Regulation 3) | |
| 3 | Capital Structure | |
| i. Amount of Authorized capital, total number of shares and face value per share | ||
| ii. Amount of Issued capital and number of shares | ||
| iii. Amount of Paid-up capital and number of shares | ||
| iv. Details if there are different classes of shares | ||
| v. Details if there are different voting rights | ||
| B) | Shareholders of applicant (separate for each promoter and investor) | |
| 1 | Basic details: | |
| i. Name (including previous names, if any) | ||
| ii. Address (registered address and communication address) | ||
| iii. Contact details (Name of Authorized person, email id and phone number): | ||
| iv. Legal status (Company, LLP etc.) and CIN Number | ||
| v. Number and date of incorporation (date of birth in case of individual) | ||
| vi. Residential status (in case of non-resident entity, please specify the country of residence and incorporation) | ||
| vii. Permanent Account Number | ||
| viii. Whether registered with any financial sector regulator in India or outside India. If yes, provide details thereof. |
