17. - While soliciting and procuring the insurance business, the IWA shall, at all times, avoid conflict of interest and ensure that - (a) in case it has tie-ups with more than one insurer in a particular line of business, it shall display to the prospects, the list of insurers with whom it has arrangements to distribute the products and provide them with the details such as scope of coverage, term of policy, premium payable, premium terms and any other information of all the produc... ... ...

16. : - (1) An IWA shall not make any arrangement with the insurers which are against the interest of prospects and policyholders; (2) The arrangements between the IWAs and the insurers for distribution of products shall be such as may be specified by the Authority; =============... ... ...

15. - Every IWA shall purchase and maintain at all times, a professional indemnity insurance cover in the manner as specified in SCHEDULE - 7. =============... ... ...

14. - (a) Every IWA shall have a policy regarding manner of soliciting insurance products, which shall be approved by its Board or equivalent body. (b) Such approved policy, inter-alia, shall also include the approach to be followed by the IWA in having multiple tie-ups, comparison and distribution of products, type of products to be sold, mode of solicitation, grievance redressal mechanism, reporting requirements and any other requirement with regard to different business seg... ... ...

13. - The change in ownership and control of Promoters/ Partners/Designated Partners/Controlling Shareholders in the IWA shall be carried out only in such manner and form as may be specified by the Authority. =============... ... ...

CHAPTER - IV CORPORATE GOVERNANCE, OPERATIONS AND MANAGEMENT 12. :- No IWA shall undertake any scheme of amalgamation, merger, acquisition, or transfer of business, whether wholly or partly, without the prior approval of the Authority. =============... ... ...

11. - (1) The Applicant, whose renewal has been refused by the Authority, shall, on and from the effective date mentioned in the communication from the Authority, cease to act as an IWA. (2) The IWA, whose renewal has been refused by the Authority, shall continue to be responsible to provide services in respect of contracts already entered through it. Provided that such services shall continue only up to the period of expiry of existing contracts or for a maximum period of six (6) mont... ... ...

10. - (1) If, the Authority, after considering the application for renewal of certificate of registration, is of the opinion that registration earlier granted to the Applicant should not be renewed, it shall communicate the deficiencies to the Applicant giving it thirty (30) days' time to rectify them. (2) If the Applicant fails to rectify such deficiencies to the satisfaction of the Authority within the specified time, the Authority may refuse to renew the certificate of registration... ... ...

CHAPTER - III RENEWAL OF REGISTRATION OF IWA 9. - (1) The application for renewal of certificate of registration, along with renewal fee as specified by the Authority, shall be submitted by the IWA in the format specified in SCHEDULE - 4 at least ninety (90) days before the expiry of the certificate of registration. The indicative list of documents to be submitted along with renewal application are specified in SCHDULE - 5; Provided that the IWA shall pay applicable additional fee b... ... ...

8. - (1) An Applicant seeking registration as an IWA shall maintain minimum paid-up share capital or contribution, as the case may be, of USD 30,000 (USD Thirty thousand only) and net-worth equal to 100% of the minimum paid-up share capital / contribution; Provided that an Applicant desirous of setting up a branch, shall maintain the capital of USD 3000 (USD Three thousand only), which shall be earmarked and held by the Applicant. in the country of its incorporation and keep invested as p... ... ...

7. - (1) The Authority on being satisfied that the Applicant fulfils the eligibility as specified under regulation 4, shall at first instance issue an in-principle approval to the Applicant for compliance with requirements viz, minimum capital infusion, training requirements of principal officer, professional indemnity policy and such other requirements as may be deemed necessary by Authority for issuance of Certificate within a period of forty five (45) days from the date of such in-princip... ... ...

India highlights three pillars of 'Security, Connectivity and Opportunity' for international trade The 25th Meeting of Ministers of the Shanghai Cooperation Organization (SCO) Member States Responsible for Foreign Economic and Trade Activities was held in Dushanbe, Tajikistan, on 17 September 2026. The Meeting reviewed ongoing cooperation among SCO Member States in the areas of economic and trade activities and exchanged views on measures to further deepen trade and economic cooperation wi... ... ...

6. - The registration or the renewal of registration granted to IWA shall, inter-alia, be subject to the following conditions that: (1) IWA shall exclusively carry on the business for which the registration has been granted and in the manner as specified in these regulations; (2) IWA shall comply with the provisions of the Insurance Act, 1938, IFSCA Act, 2019, applicable laws and any other instructions issued thereunder from time to time by the Authority; (3) IWA sh... ... ...

The India-Nepal Inter-Governmental Sub-Committee (IGSC) on Trade, Transit and Cooperation to Control Unauthorised Trade was held at Vanijya Bhawan, New Delhi, on 16-17 September 2026. The Indian delegation was led by Joint Secretary, Department of Commerce, Government of India, Shri Ujjwal Kumar Ghosh, while the Nepali delegation was led by Joint Secretary, Ministry of Industry, Commerce and Supplies, Government of Nepal, Shri Buddha Bahadur Gurung. Senior officials from the concerned Ministr... ... ...

5. - (1) the Applicant desirous of operating as an IWA in an IFSC shall submit an application form to the Authority in the format specified in SCHEDULE - 1, along with the application fees as specified by the Authority. (2) the application form shall be accompanied with the documents as specified in SCHEDULE - 2 in such manner and within such period, as may be specified by Authority. (3) the Applicant seeking permission for carrying out Insurance Outsourcing or Insurance Telemarketing ... ... ...

Mumbai, September 18, 2026: OnEMI Technology Solutions Limited, the listed parent company of digital lending platform Kissht (BSE: 544754/NSE: KISSHT), today announced that its Board of Directors has approved a proposal to raise approximately up to ?832 crore through the issuance of equity shares on a preferential basis to such identified persons as mentioned in Schedule I, subject to the approval of the shareholders and requisite regulatory and statutory approvals. The proposed preferential ... ... ...

CHAPTER - II REGISTRATION OF IWA 4. The Authority while considering an application for grant of registration as IWA shall take into account all matters which are necessary for carrying out the functions of the IWA, including but not limited to the compliance with the following conditions, namely -: (1) the Applicant, its Directors, Designated Partners, Key Managerial Personnel, Principal Officer or Authorized Verifier are not suffering from any of the disqualifications specifi... ... ...

As part of its ongoing enforcement drive against fraudulent Input Tax Credit (ITC) claims, the officers of Anti-Evasion Branch, Central Goods & Services Tax (CGST), Delhi South Commissionerate, has arrested a proprietor of a firm engaged in trading of iron and steel goods in a case involving fraudulent availment, utilisation and passing on of inadmissible ITC aggregating to over Rs. 25.22 crore through bogus invoices of approximately Rs. 140.14 crore. Investigation revealed that the firm had ... ... ...

3. :- (1) In these regulations, unless the context otherwise requires, the terms defined herein shall bear the same meaning as assigned to them below and their cognate expressions shall be construed accordingly: (a) "Act" means the International Financial Services Centres Authority Act, 2019 (50 of 2019); (b) "Agreement" means an agreement entered between an Insurance Web Aggregator and an Insurer; (c) "Applicant" means: - (i) an Insurance Web Aggregator r... ... ...

Registration and operational framework for Insurance Web Aggregators in an International Financial Services Centre is established under the regulatory oversight of the International Financial Services Centres Authority. The Regulations regulate the process by which such aggregators are registered and conduct operations within the Centre.