IRDAI Regulations definition
Examples of IRDAI Regulations in a sentence
The authority shall declare this policy void, if in its opinion this policy is granted in violation of any of its guidelines and other IRDAI Regulations.
The Call Option may be exercised by the Issuer with the prior approval of IRDAI in accordance with the IRDAI Regulations.
Without prejudice to the generality of sub-paragraph (a) above, the Issuer shall comply in all respects with any circular, guideline, direction, notification or rule issued by any Governmental Authority with respect to the Issue including but not limited to the IRDAI Regulations, the Debenture Trustee Regulations, the SEBI Regulations and the listing agreement entered into between Issuer and the Stock Exchange.
The payment of such default interest shall be subject to the approval of IRDAI and compliance of Applicable Law, including without limitation, the IRDAI Regulations and the conditions stipulated under the IRDAI approval letter dated June 21, 2021.
However, the Issuer may be allowed to pay the Coupon amount due and remaining unpaid in the subsequent financial years, provided that the same is paid with in compliance with the provisions of IRDAI Regulations.
Provided however that as per Regulation 10 of the IRDAI Regulations, IRDAI may allow the Issuer to replace the called instrument with the equal or better-quality instrument.
The Debentures shall be freely transferable in accordance with the procedure for transfer of dematerialized securities under the ▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇, ▇▇▇▇ and the rules made under the ▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇, ▇▇▇▇, the Securities and Exchange Board of India (Depositories and Participants) Regulations, 1996, the IRDAI Regulations, the bye-laws, rules and regulations of the relevant Depositories and depository participants and other Applicable Laws.
If the transferee is not designated as a promoter under IRDAI Regulations and / or SEBI Regulations, the Tag Along Rights shall not be transferred, and such transferee shall not be bound to provide a Tag Along Right to the non-transferring Party as well.
All definitions mentioned in the IRDAI Guidelines, IRDAI Regulations, 2018 and guidelines related to POSPs for Insurers (Life, Non-Life & Health) updated from timeto time and regulations for Corporate Agents and POSP shall apply mutatis mutandis to the terms of this Agreement.