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    Question

    What has the Insurance Regulatory and Development Authority of India (IRDAI) proposed regarding Indian insurance companies seeking approval before listing on stock exchanges?

    A They must seek prior approval from the regulator. Correct Answer Incorrect Answer
    B They no longer need to seek prior approval from the regulator, subject to compliance with specified conditions. Correct Answer Incorrect Answer
    C They can list without any conditions. Correct Answer Incorrect Answer
    D They can list only with approval from the Ministry of Finance. Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    The IRDAI has proposed removing the need for Indian insurance companies to seek prior approval from the regulator before listing on stock exchanges, subject to compliance with specified conditions. This suggestion is based on recommendations from the Regulation Review Committee (RRC) that consolidated existing regulation into IRDAI (Registration, Capital Structure, Transfer of Shares and Amalgamation of Indian Insurance Companies) Regulations, 2024, and is expected to enhance ease of doing business while ensuring protection of customer interests.

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