India
Majmudar & Partners
The Insurance Regulatory and Development Authority of India (the "IRDAI") has circulated an exposure draft of the IRDAI (Registration, Capital Structure, Transfer of Shares and Amalgamation of Indian Insurance Companies) Regulations, 2024.
Samvad Partners
The Payment of Gratuity Act, 1972 ("Act") obligates the procedure and payment of gratuity to employees who have been employed at organizations, as prescribed under the Act.
Sochannam Legal
The Supreme Court of India[in the case Hind Offshore Pvt Ltd V. IFFCO ...
IndusLaw
On January 10, 2024, the Government of Karnataka notified the Karnataka Compulsory Gratuity Insurance Rules, 2024 ("Insurance Rules") under Section 4A of the Payment of Gratuity Act, 1972...
Khaitan & Co LLP
The Government of Karnataka published the Karnataka Compulsory Gratuity Insurance Rules, 2024 (Karnataka Gratuity Rules) in the Official Gazette on 10 January 2024, bringing the same into effect on the same day.
Khurana and Khurana
The insurance sector in India is projected to become the 6th largest insurance market by 2032, according to a report by Swiss Re.
NovoJuris Legal
As many organizations process personal and sensitive information, continuously monitoring data protection practices should be a part of organizations' data governance frameworks.
Acuity Law
The Insurance Regulatory and Development Authority of India (IRDAI) recently issued a circular titled "Amendment of Arbitration Clause in General Insurance Policies"...
IndusLaw
September 2023 was another notable month for the fintech sector.
Kachwaha & Partners
India has a fairly structured insurance industry; however, the insurance industry is yet to adequately penetrate the ast population or to effectively cover different business sectors.
S&R Associates
In recent weeks, India's space endeavors have garnered international attention, including on account of the successful soft-landing of Chandrayaan-3 near the lunar south pole...
Tuli & Co
As a part of the IRDAI's continued efforts to enhance reinsurance business and in order to streamline the regulatory provisions for Indian Insurers, ...
IndusLaw
Data is the oil that fuels the digital economy. It is the raw material that powers everything - from online shopping to social media, to artificial intelligence.
Spice Route Legal
Towards the end of 2022, the Insurance Regulatory and Development Authority of India ("IRDAI") commiBed to extend 'Insurance for All' by 2047, and consItuted a commiBee to make recommendaIons regarding the following...
Corrida Legal
The rapid advancement of financial technology, or fintech, with an overall transaction value of $24 Trillion in FY21-22 alone, has revolutionised the way financial services are delivered...
Tuli & Co
In April 2015, the Gujarat International Finance Tec-City, popularly known as "GIFT City", was established by the Indian government to potentially serve as a global hub for economic...
IndusLaw
In this newsletter, we look at certain key regulatory and judicial developments during the first half of 2023 (January - June)...
Touchstone Partners
The assets under management (AUM) of the Indian mutual fund (MF) industry have increased significantly by over 80% during the last five years to reach USD 475 billion for FY 2023.
JSA
A Special Leave Petition to the Supreme Court against an order passed by the National Consumer Disputes Redressal Commission in its appellate jurisdiction is not maintainable.
Tuli & Co
On 30 June 2023, the IRDAI issued the "Guidelines on Remuneration of Non-Executive Directors and Key Managerial Persons of Insurers" for private sector Insurers (other than branch of foreign reinsurers)...