financial institution would directly submit ECB-2. 5. Before forwarding the return to Reserve Bank (DESACS), the Company Secretary / Chartered Accountant must scrutinise related original documents and ensure that the return is complete and in order as per ECB guidelines issued by Government/RBI. ...
It has also removed the 30% exposure limit on each contract underwritten by insurers. 'IRDAI (Surety Insurance Contracts) Guidelines' were issued by IRDAI in January 2022. Earlier, the cap on premiums that could be underwritten in a financial year by mono-line insurers transacting only surety ...
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