IRDAI on 20th March, 2024 has issued the Insurance Regulatory and Development Authority of India (Registration, Capital Structure, Transfer of Shares and Amalgamation of Insurers) Regulations, 2024. These regulations shall be reviewed once in every 3 (three) years from the date of publication unless a review, repeal or amendment is warranted earlier.
The regulation is intended to promote growth of insurance sector by simplifying the process of registration of insurer, transfer of shareholding, other forms of capital, amalgamation of insurers, listing of shares of insurers on stock exchange and to promote ease of doing business.
