589 results found

An International Financial Service Centre (IFSC) is a specialized financial zone set up under the Special Economic Zones (SEZ) Act, 2005. It grants Indian entities access to global financial markets...

On 2 May 2026, the Ministry of Finance (Department of Economic Affairs) issued Statutory Order No. 2186(E) in the Gazette of India Extraordinary, effecting a landmark amendment to the Foreign Exchange Management...

The Insurance Regulatory and Development Authority of India, via notification dated November 23, 2020, had released the IRDAI Regulations, 2020.

As a part of the IRDAI's continued efforts to enhance reinsurance business and in order to streamline the regulatory provisions for Indian Insurers, ...

The stated objective for the 2023 CBR Guidelines was to "streamline the regulatory process with respect to cross border reinsurers" and to enhance the ease of doing business[.

The Apex Court in its decision in Arabian Exports Private Limited vs. National Insurance Company Ltd., has held that an arbitral tribunal is competent to rule on its own jurisdiction including on the issue of existence or validity of an arbitration agreement.

The Insurance Regulatory Development Authority of India ("IRDAI") has, by way of a circular dated 18 May, 2016 issued revised Guidelines for Corporate Governance for insurers in India ("CG Guidelines").

India's insurance sector has grown rapidly over the past two decades, with various reports indicating a compounded annual growth rate of approximately 17% during this period

The Insurance Regulatory and Development Authority of India (“IRDAI”), through its Circular dated 25 May 2026, has amended the Master Circular on Corporate Governance for Insurers, 2024 to revise the performance assessment and remuneration framework applicable to Key Management Personnel (“KMPs”) of insurers. While the amendments formally relate to executive remuneration, they reflect a broader regulatory shift towards policyholder-centric governance, enhanced management accountability and greater transparency within the insurance sector.

India's insurance sector underwent transformative regulatory changes in Q1 2026, with the government increasing foreign direct investment limits to 100% and IRDAI implementing sweeping modernization measures. These developments signal unprecedented opportunities for international stakeholders while introducing new compliance frameworks for domestic players navigating the evolving regulatory landscape.

A copy of the judgement was circulated for strict compliance vides notification dated November 8, 2021.

No commission/remuneration or rewards are payable to insurance agents/insurance intermediaries for the distribution of the Act Only long term policies.

The Convention on Supplementary Compensation for Nuclear Damage ("CSC") was adopted on September 12, 1997.

Due to the ongoing turmoil in the Middle East, many supply chain contracts are in disarray. The Strait of Hormuz has been cordoned off, through which approximately 20% of global petroleum liquids transit daily, driving up war-risk premiums and energy prices.

Any interpretation is to be rendered in a manner that provides incentives for the enhancement of the mutual wealth of the stakeholders on both ends of the contract