#1
June 10th, 2016, 05:44 PM
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IRDA was renamed recently as
Hi I am interested in having the information about the change of name which had been affected under the Laws (Amendment) Ordinance, 2014?
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#2
June 10th, 2016, 06:23 PM
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Re: IRDA was renamed recently as
The Insurance Regulatory and Development Authority (IRDA) has changed its name to Insurance Regulatory and Development Authority of India. The change of name was affected in the Insurance Laws (Amendment) Ordinance, 2014 was proclaimed by the President of India on December 26, 2014. The mandate contains certain alterations to the Insurance Regulation and Development Act, 1999 and embedded the words "of India" after advancement power. Change of Name of IRDA to IRDA of India The Insurance Laws (Amendment) Ordinance, 2014 (8 of 2014) was declared by the Hon'ble President of India on December 26, 2014. 2. Section IV of the Ordinance contains certain corrections to The Insurance Regulation and Development Act, 1999 (41 of 1999). Segment 105 of the Ordinance revises area 2 (1)(b) of the IRDA Act by embeddings the words "of India" after "Improvement Authority". As an aftereffect of this Amendment, Insurance Regulatory and Development Authority has been renamed as "Protection Regulatory and Development Authority of India". 3. In this manner, it is thus educated that, Insurance Regulatory and Development Authority (IRDA) should from now on be known as "Protection Regulatory and Development Authority of India" (IRDA of India). |
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