Question
Under the IRDA Act, 1999, the Insurance Regulatory and
Development Authority of India (IRDAI) is composed of how many members, including the Chairperson?Solution
According to Section 4 of the IRDA Act, 1999 , the IRDAI shall consist of: · One Chairperson · Not more than five whole-time members · Not more than four part-time members Thus, the maximum total strength of the Authority is 10 members . IRDAI is a statutory regulatory body that governs insurance companies, intermediaries, and policyholder protection in India.
Under Section 16(2) of the Environment (Protection) Act, 1986, directors/managers are also guilty if offence committed with their:
“The Commission may call for reports, returns and statements from the Central Government or corporations established by any Central Act.”
Thi...
Consider the following statements regarding bail provisions in PCA cases:
Statement 1: PCA offences are non-bailable offences under law.
...As per the definition of Prospectus under the Companies Act a prospectus means and includes___________
What is the main objective of the Prevention of Money Laundering Act (PMLA), 2002?
According to the provisions of CPC the Court which passed a decree may, on the application of the decree holder, send it for execution to another Court ...
Within what timeframe must the Authority operationalize a web-based online system for submitting applications for project registration under RERA?
For the purpose of hearing any reference under Article 143 of Constitution of India, the minimum number of judges of Supreme Court who are to sit for th...
Which of the following is not required for the liability of a master to arise for a servant's actions?
Under Section 16(1) of the Environment (Protection) Act, 1986, for company offences, who is deemed guilty along with the company?
