Compendium admissions 2023-25
Insurance Regulatory and Development Authority of India (IRDAI)
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- Pension Fund Regulatory and Development Authority (PFRDA)
- Insolvency and Bankruptcy Board of India (IBBI)
- 5 Equity Shares
| Insurance Regulatory and Development Authority of India (IRDAI) IRDAI regulates the insurance sector in India in accordance with the terms of the IRDA Act, 1999. IRDAI is the licensing authority for insurance companies and defines the capital and net worth requirements for insurance companies. IRDAI’s mission is to regulate, promote and ensure orderly growth of the insurance sector, including the reinsurance business, while ensuring protection of the interest of insurance policyholders. Pension Fund Regulatory and Development Authority (PFRDA) The PFRDA is the authority entrusted to act as a regulator of the pension sector in India under the PFRDA Act, 2013. It was constituted in October 2003 with the following responsibilities (a) To promote old age income security by establishing, developing and regulating pension funds, (b) To protect the interests of subscribers to schemes of pension funds and related matters. Insolvency and Bankruptcy Board of India (IBBI) IBBI, established under the Insolvency and Bankruptcy Code 2016, is the regulator for overseeing insolvency process as well as the insolvency professionals. It has regulatory oversight over insolvency professionals, insolvency professional entities and insolvency professional agencies. Securities Securities are transferrable financial instruments or contracts that show evidence of indebtedness or ownership interest in assets of an incorporated entity. These include equity shares, preference shares, debentures, bonds and other such instruments. These are issued by companies, financial institutions or the government. They are purchased by investors who have money to invest. 5 Equity Shares There are many financial instruments issued in the market, each with distinct risk and return characteristics that define its suitability for an investor. Debentures/Bonds/Notes Debentures/Bonds/Notes are instruments for raising long term debt. Debentures are either unsecured or secured (backed by collateral support) in nature. There are variety of debentures/bonds such as fully convertible, nonconvertible and partly convertible debentures. Download 4.08 Mb. Share with your friends:
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