Company name availability: insurance-related names may be approved for new incorporations without regulator consultation. Permits registration of new company names containing the words insurance, assurance or risk corporation without prior consultation with the insurance regulator, following the Insurance Regulatory Development Authority Act, 1999 and a regulator reference lifting the embargo; expressly confines this permission to newly incorporated companies and prohibits existing companies from changing their names to include such insurance-related terms because they are not allowed to carry on insurance activities.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Company name availability: insurance-related names may be approved for new incorporations without regulator consultation.
Permits registration of new company names containing the words insurance, assurance or risk corporation without prior consultation with the insurance regulator, following the Insurance Regulatory Development Authority Act, 1999 and a regulator reference lifting the embargo; expressly confines this permission to newly incorporated companies and prohibits existing companies from changing their names to include such insurance-related terms because they are not allowed to carry on insurance activities.
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