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....al Services Centres Authority Act, 2019 (50 of 2019); (ii) 'accounting year'- a. In relation to an IIO set up in an unincorporated entity form, shall refer the financial year followed by its parent entity; b. In relation to an IIO set up in an incorporated form, shall refer to a period ending on the 31st March every year; (iii) 'Authority' means the Internationa....

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....ance Office' shall have the same meaning as assigned to it under clause (k) of sub-regulation (1) of regulation 3 of the International Financial Services Centres Authority (Registration of Insurance Business) Regulations, 2021; (viii) 'Parent Entity' shall have the same meaning as assigned to it under clause (q) of sub-regulation (1) of regulation 3 of the International Financial Services....

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.... applicable), etc. (x) 'Shareholders' Funds' shall mean share capital plus all reserves and surplus (except revaluation reserve and fair value change account) net of accumulated losses and miscellaneous expenditure to the extent not written off as at the Balance Sheet date. Explanation: For the purposes of reckoning the 'shareholders' fund', the IIOs in an unincorporated ....