schedule with reference
to 'other insurance business' did incorporate the
IRDA and its Regulations as amended by the Finance ... supplied)
This indicates that the legislature consciously omitted
incorporating the provisions of IRDA or the Regulations
made there under in Rule 2 which still refers
assessee had obtained a license from the
Insurance Regulatory and Development Authority (IRDA) on 14.7.2006
for carrying on the business of life insurance. The assessee ... formats for
presentation of insurance accounts have been amended by the IRDA (Actuarial
Report and Abstract) Regulations, 2000 without a corresponding amendment to
the First
2015
ICICI Prudential Life Insurance Company Ltd
1. License granted by IRDA (Insurance Regulatory
and Development Authority) permits Appellant to carry
on only life insurance ... Under section 3(4)(h)
of the Insurance Act, IRDA (the regulatory authority
established under the Insurance Regulatory Act, 1999 )
is empowered to cancel
Insurance
Regulatory and Development Authority Act 1999 clarifies
that provisions of IRDA Act are in addition and not in
derogation of Insurance Act 1938, which ... means IRDA Act
and its regulation has been adopted in Section 44 of the
I. T Act r.w. Rule 2 of the First Schedule
schedule with reference to
'other insurance business' did incorporate the IRDA and its Regulations as
amended by the Finance ... consideration. This indicates that the Legislature consciously omitted
incorporating the provisions of IRDA or the Regulations made there under in
rule 2 which still refers
governed by the Insurance Act, 1938 , Insurance Regulatory and
Development Authority (IRDA) Act, 1999 as amended from time to
time, IRDA rules and Regulations from ... assets from shareholder's account to the account
as per the IRDA rules. The surplus has to be shown in order to
declare dividend
assessee
company in accordance with the regulation and guidelines
issued by the IRDA and the Institute of Actuarial Society of
India. During the course ... including valuation of
liabilities are governed by the Regulations and guidelines by
IRDA and the Institute of Actuarial Society of India. It was
further submitted
represented in new Form I submitted with IRDA)
as not forming part of taxable surplus and in holding that the action ... whether the surplus of Rs. 138.17
Crores as declared in Form I (IRDA) Regulation 2000) should be adopted as the surplus or only
the incremental
motor vehicle insurance policies, not being insurance
agent or broker approved by IRDA In order to receive commission
from insurance companies, the dealers have been ... insurance agent or an intermediary or insurance intermediary.
3. As per IRDA Circular Ref: 011/IRDA/ Brok-Comm/ August
2008 dated 25-08-2008 issued
motor vehicle insurance policies, not being insurance
agent or broker approved by IRDA In order to receive commission
from insurance companies, the dealers have been ... insurance agent or an intermediary or insurance intermediary.
3. As per IRDA Circular Ref: 011/IRDA/ Brok-Comm/ August
2008 dated 25-08-2008 issued
