Section 31(1)(a) in Insurance Regulatory and Development Authority of India (Registration of Corporate Agents) Regulations, 2015
(a)A copy of the audited financial statements as stated in sub-regulation (I) along with the auditor's report thereon shall be submitted to the Authority before 30lh September every year along with the remarks or observations of the auditors, if any, on the conduct of the business, state of accounts, etc., and a suitable explanation on such observations shall be appended to such accounts filed with the Authority.