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Bring clarity on beneficial owner in contracts: Irda to insurers

Fin Min has specified procedures for determination of beneficial ownership

M Saraswathy  |  Mumbai 

  In an attempt to have clarity on beneficial owner across the insurance industry in an insurance contract, Insurance Regulatory and Development Authority (Irda) said that insurance firms need to implement appropriate procedures for determining beneficial ownership.   In order to have a uniform approach across the financial sector, Ministry of Finance (Fin Min) in consultation with various financial sector regulators has specified the procedures for determination of beneficial ownership, as under: In September 2010, Irda had bought out a circular on the Anti-Money ...

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Bring clarity on beneficial owner in contracts: Irda to insurers

Fin Min has specified procedures for determination of beneficial ownership

In an attempt to have clarity on beneficial owner across the insurance industry in an insurance contract, Insurance Regulatory and Development Authority (Irda) said that insurance firms need to implement appropriate procedures for determining beneficial ownership.   In an attempt to have clarity on beneficial owner across the insurance industry in an insurance contract, Insurance Regulatory and Development Authority (Irda) said that insurance firms need to implement appropriate procedures for determining beneficial ownership.   In order to have a uniform approach across the financial sector, Ministry of Finance (Fin Min) in consultation with various financial sector regulators has specified the procedures for determination of beneficial ownership, as under: In September 2010, Irda had bought out a circular on the Anti-Money ... image
Business Standard
177 22

Bring clarity on beneficial owner in contracts: Irda to insurers

Fin Min has specified procedures for determination of beneficial ownership

  In an attempt to have clarity on beneficial owner across the insurance industry in an insurance contract, Insurance Regulatory and Development Authority (Irda) said that insurance firms need to implement appropriate procedures for determining beneficial ownership.   In order to have a uniform approach across the financial sector, Ministry of Finance (Fin Min) in consultation with various financial sector regulators has specified the procedures for determination of beneficial ownership, as under: In September 2010, Irda had bought out a circular on the Anti-Money ...

image
Business Standard
177 22