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<h1>IRDA Requires New Training Institutes to Register as Companies or Trusts; Existing Institutes Have 6 Months to Comply.</h1> The Insurance Regulatory and Development Authority (IRDA) has mandated that all new training institutes must register as either a company under the Companies Act, 1956, or as a society/trust according to guidelines issued on December 7, 2011. Existing accredited Agents Training Institutes have been given a six-month period from this date to comply with the new registration requirements. This update was provided by the Minister of State for Finance in a written response to a question in the Lok Sabha.