TaxTMI 
TaxTMI 
Eligibility Conditions for Registration
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....pplicant shall submit reporting structure of the officials as mentioned at sub-regulation (7) of regulation 17 of these Regulations; (d) The Applicant has satisfactory track record in respect of regulatory and supervisory compliance; (e) the Board of the Applicant undertakes to meet all liabilities arising out of IIOs insurance or re-insurance business, as the case may be; (f) The Board of the Applicant undertakes to comply with the assigned capital, solvency and other requirements as may be specified by the Authority from time to time. (2) A foreign insurer or foreign re-insurer or MGA or Lloyd's, as the case may be, desirous of setting up branch in an unincorporated form in an IFSC, shall meet with the follow....
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....pplicant has a minimum credit rating having at least good financial security characteristics from any of the internationally renowned credit rating agencies for the last three years. (j) the Applicant shall submit all the details and information as may be required and shall comply with any additional requirements as may be specified by the Authority. Explanation: In case where the Applicant is an MGA and the relevant Foreign Insurer or Foreign Re-insurer, the Authority may advice, to comply with applicable requirements. (3) 'Branch Office of foreign insurer' or 'Lloyd's India' registered by the IRDAI and desirous of setting up an office in an unincorporated form in an IFSC, shall meet with the following requirements:- ....
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....the time being in force in any State relating to co-operative societies or under the Multi-State Cooperative Societies Act, 1984 (51 of 1984); (6) A Body corporate incorporated under the law of any country outside India, not being of the nature of a private company, desirous of setting up its place of business in an IFSC shall meet with the following requirements: (a) it establishes its place of business in an IFSC, under the provisions of the Companies Act, 2013; and (b) it is registered or certified in a national regulatory environment with whom the Government of India has signed Double Taxation Avoidance Agreement. (7) The Authority, before granting registration may satisfy itself that the Applicant, its Promoters....