S.
DATE OF ORDER
PERSON
ENTITY
COMPETENT AUTHORITY
REGULATORY CHARGES
REGULATORY ACTION(S) / DATE OF ORDER
FURTHER DEVELOPMENTS
1
08-JAN-2020
MUKESH RANWAN
GLOBE MASTER CONSULTANTS
IRDA
ENTERED IN REINSURANCE PROTECTION PERTAINING TO CROP INSURANCE WITH UNREGISTERED FOREIGN BROKER
DIRECTED INDIAN INSURERS AND ITS OFFICES OVERSEAS,INDIAN REINSURERS AND ITS OFFICES OVERSEAS,FOREIGN REINSURANCE BRANCHES IN INDIA AND INDIAN INSUREANCE INTERMEDIARIES NOT TO ENGAGE INTO ANY BUSINESS ACTIVITY WITH CONFIANCE INTERNATIONAL REINSURANCE BROKERS L.L.C.LABUAN MALAYSIA
2
08-JAN-2020
SACHIN AGARWAL
GLOBE MASTER CONSULTANTS
IRDA
ENTERED IN REINSURANCE PROTECTION PERTAINING TO CROP INSURANCE WITH UNREGISTERED FOREIGN BROKER
DIRECTED INDIAN INSURERS AND ITS OFFICES OVERSEAS,INDIAN REINSURERS AND ITS OFFICES OVERSEAS,FOREIGN REINSURANCE BRANCHES IN INDIA AND INDIAN INSUREANCE INTERMEDIARIES NOT TO ENGAGE INTO ANY BUSINESS ACTIVITY WITH CONFIANCE INTERNATIONAL REINSURANCE BROKERS L.L.C.LABUAN MALAYSIA
3
08-JAN-2020
STEVEN L.CHETTY
CONFIANCE INTERNATIONAL REINSURANCE BROKERS L.L.C.
IRDA
ENTERED IN REINSURANCE PROTECTION PERTAINING TO CROP INSURANCE WITH UNREGISTERED FOREIGN BROKER
DIRECTED INDIAN INSURERS AND ITS OFFICES OVERSEAS,INDIAN REINSURERS AND ITS OFFICES OVERSEAS,FOREIGN REINSURANCE BRANCHES IN INDIA AND INDIAN INSUREANCE INTERMEDIARIES NOT TO ENGAGE INTO ANY BUSINESS ACTIVITY WITH CONFIANCE INTERNATIONAL REINSURANCE BROKERS L.L.C.LABUAN MALAYSIA
4
24-APR-2017
RAJINDER KUMAR SINGHAL
R.K.SINGHAL & CO.PVT.LTD.
IRDA
DID NOT CARRY OUT PROFESSIONAL WORK WITH DUE DILIGENCE, CARE & SKILL WITH REGARD TO TECHNICAL AND PROFESSIONAL STANDARDS AS STIPULATED IN REGULATION 15 (7) OF IRDAI (INSURANCE SURVEYORS AND LOSS ASSESSORS) REGULATIONS, 2015
CENSURED/WARNED & DIRECTED/ADVISED TO BE DILIGENT IN COMPLYING WITH ALL THE ACTS, REGULATIONS ETC.
5
04-AUG-2016
ARIJIT PANDEY
AKPCL GENERAL INSURANCE CO.
IRDA
SOLD INSURANCE POLICIES WITHOUT OBTAINING LICENSE FROM IRDA
CAUTIONED PUBLIC NOT TO MAKE TRANSACTION RELATED TO INSURANCE BUSINESS
6
04-AUG-2016
ASHISH PANDEY
AKPCL GENERAL INSURANCE CO.
IRDA
SOLD INSURANCE POLICIES WITHOUT OBTAINING LICENSE FROM IRDA
CAUTIONED PUBLIC NOT TO MAKE TRANSACTION RELATED TO INSURANCE BUSINESS
7
04-AUG-2016
PRAMOD PANDEY
AKPCL GENERAL INSURANCE CO.
IRDA
SOLD INSURANCE POLICIES WITHOUT OBTAINING LICENSE FROM IRDA
CAUTIONED PUBLIC NOT TO MAKE TRANSACTION RELATED TO INSURANCE BUSINESS
8
20-MAY-2016
SHANKAR SINGH
IRDA
NOT TRACEABLE FOR PHYSICAL VISIT & INVESTIGATION/AUDIT
ADVISED INSURERS TO EXERCISE CAUTION & ADDITIONAL DUE DILIGENCE IN CONFIRMING & VALIDATING EXISTENCE OF ENTITIES
9
20-MAY-2016
VISHWASUJA
IRDA
NOT TRACEABLE FOR PHYSICAL VISIT & INVESTIGATION/AUDIT
ADVISED INSURERS TO EXERCISE CAUTION & ADDITIONAL DUE DILIGENCE IN CONFIRMING & VALIDATING EXISTENCE OF ENTITIES
10
25-FEB-2016
MUNISH PRASHAR
PURI CRAWFORD INSURANCE SURVEYORS & LOSS ASSESSORS INDIA PVT.LTD.
IRDA
DID NOT EXERCISE DUE SKILL, CARE AND DILIGENCE WITH REGARD TO TECHNICAL AND PROFESSIONAL STANDARDS AS STIPULATED IN REGULATION 15(7) OF IRDA REGULATIONS
CENSURED/WARNED & DIRECTED/ADVISED TO BE DILIGENT IN COMPLYING WITH ALL THE ACTS, REGULATIONS ETC.
11
12-FEB-2016
SANJEEV SONI
S.SONI & CO.
IRDA
DID NOT EXERCISE DUE SKILL, CARE AND DILIGENCE WITH REGARD TO TECHNICAL AND PROFESSIONAL STANDARDS AS STIPULATED IN REGULATION 15(7) OF IRDA REGULATIONS
CENSURED/WARNED & DIRECTED/ADVISED TO BE DILIGENT IN COMPLYING WITH ALL THE ACTS, REGULATIONS ETC.
12
12-APR-2013
SUBASH C.SARAF
IRDA
COMMITED BREACH OF CODE OF CONDUCT UNDER IRDA REGULATIONS
REJECTED APPLICATION FILED FOR RENEWAL OF LICENCE AS INSURANCE SURVEYOR AND LOSS ASSESSOR
13
11-JUL-2010
ANAMIKA BAJPAI
IRDA
DID NOT PRODUCE DETAILS OF INCOME TAX PERMANENT ACCOUNT NUMBER (PAN)
ADVISED INSURERS TO ISSUE SHOW CAUSE NOTICE TO CORPORATE AGENTS (LIFE INSURANCE) TO FURNISH REASONS FOR FAILURE TO PRODUCE PAN NUMBER AND WHY INSURER SHOULD NOT RECOMMEND TO IRDA FOR CANCELLATION OF CORPORATE LICENCE
14
11-JUL-2010
ANIRUDH SAINI
IRDA
DID NOT PRODUCE DETAILS OF INCOME TAX PERMANENT ACCOUNT NUMBER (PAN)
ADVISED INSURERS TO ISSUE SHOW CAUSE NOTICE TO CORPORATE AGENTS (GENERAL INSURANCE) TO FURNISH REASONS FOR FAILURE TO PRODUCE PAN NUMBER AND WHY INSURER SHOULD NOT RECOMMEND TO IRDA FOR CANCELLATION OF CORPORATE LICENCE
15
11-JUL-2010
ARABINDA MISHRA
IRDA
DID NOT PRODUCE DETAILS OF INCOME TAX PERMANENT ACCOUNT NUMBER (PAN)
ADVISED INSURERS TO ISSUE SHOW CAUSE NOTICE TO CORPORATE AGENTS (LIFE INSURANCE) TO FURNISH REASONS FOR FAILURE TO PRODUCE PAN NUMBER AND WHY INSURER SHOULD NOT RECOMMEND TO IRDA FOR CANCELLATION OF CORPORATE LICENCE
16
11-JUL-2010
ASHWIN KUMAR MISHRA
IRDA
DID NOT PRODUCE DETAILS OF INCOME TAX PERMANENT ACCOUNT NUMBER (PAN)
ADVISED INSURERS TO ISSUE SHOW CAUSE NOTICE TO CORPORATE AGENTS (LIFE INSURANCE) TO FURNISH REASONS FOR FAILURE TO PRODUCE PAN NUMBER AND WHY INSURER SHOULD NOT RECOMMEND TO IRDA FOR CANCELLATION OF CORPORATE LICENCE
17
11-JUL-2010
B.ANITHA
IRDA
DID NOT PRODUCE DETAILS OF INCOME TAX PERMANENT ACCOUNT NUMBER (PAN)
ADVISED INSURERS TO ISSUE SHOW CAUSE NOTICE TO CORPORATE AGENTS (LIFE INSURANCE) TO FURNISH REASONS FOR FAILURE TO PRODUCE PAN NUMBER AND WHY INSURER SHOULD NOT RECOMMEND TO IRDA FOR CANCELLATION OF CORPORATE LICENCE
18
11-JUL-2010
B.J.SHETH
IRDA
DID NOT PRODUCE DETAILS OF INCOME TAX PERMANENT ACCOUNT NUMBER (PAN)
ADVISED INSURERS TO ISSUE SHOW CAUSE NOTICE TO CORPORATE AGENTS (LIFE INSURANCE) TO FURNISH REASONS FOR FAILURE TO PRODUCE PAN NUMBER AND WHY INSURER SHOULD NOT RECOMMEND TO IRDA FOR CANCELLATION OF CORPORATE LICENCE
19
11-JUL-2010
B.L.BILGAIYAN
IRDA
DID NOT PRODUCE DETAILS OF INCOME TAX PERMANENT ACCOUNT NUMBER (PAN)
ADVISED INSURERS TO ISSUE SHOW CAUSE NOTICE TO CORPORATE AGENTS (LIFE INSURANCE) TO FURNISH REASONS FOR FAILURE TO PRODUCE PAN NUMBER AND WHY INSURER SHOULD NOT RECOMMEND TO IRDA FOR CANCELLATION OF CORPORATE LICENCE
20
11-JUL-2010
BANSIDHAR PANT
IRDA
DID NOT PRODUCE DETAILS OF INCOME TAX PERMANENT ACCOUNT NUMBER (PAN)
ADVISED INSURERS TO ISSUE SHOW CAUSE NOTICE TO CORPORATE AGENTS (LIFE INSURANCE) TO FURNISH REASONS FOR FAILURE TO PRODUCE PAN NUMBER AND WHY INSURER SHOULD NOT RECOMMEND TO IRDA FOR CANCELLATION OF CORPORATE LICENCE
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.
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