Corporate Laws

IBBI & IRDAI Updates for April 2021

IBBI Updates {Insolvency and Bankruptcy Board of India}

  • Important Notifications and Circulars Tracker (April, 2021)
Notification(s) Link(s)
IBBI (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) (Second Amendment) Regulations, 2021  

Click Here

IBBI (Insolvency Professionals) (Amendment) Regulations, 2021 Click Here
Insolvency and Bankruptcy Code (Amendment) Ordinance, 2021 Click Here
Corrigenda-Insolvency and Bankruptcy Code (Amendment) Ordinances, 2021  

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President promulgates Insolvency and Bankruptcy Code (Amendment) Ordinance, 2021 Click Here
Insolvency and Bankruptcy Board of India notifies the Insolvency and Bankruptcy Board of India (Pre-packaged Insolvency Resolution Process) Regulations, 2021.  

 

Click Here

Panel of IPs prepared in accordance with ‘Guidelines for Appointment of IPs as Administrators under the SEBI (Appointment of Administrator and Procedure for Refunding to the Investors) Regulations, 2018’ for appointment as Administrator for a period from April 1, 2021 to September 30, 2021 Click Here
IBBI QUARTERLY NEWSLETTER FOR OCT-DEC, 2020 Click Here
Notification under section 4 of the Insolvency and Bankruptcy Code, 2016 for Chapter III-A Click Here
NCLT to take up regular hearing through Video conference w.e.f. 12th April, 2021 Click Here
Corporate Insolvency Resolution Processes Ending With Order of Liquidation: As on 31st December, 2020 Click Here
Corporate Insolvency Resolution Processes Yielding Resolution: As on 31st December, 2020 Click Here
IBBI notifies the IBBI (Pre-packaged Insolvency Resolution Process) Regulations, 2021 Click Here
Notice- Extension of last date of applications for ED Click Here
IBBI (Information Utilities) (Amendment) Regulations, 2021 Click Here
Information Brochure: Insolvency Professional – A Key To Resolution Click Here
In the matter of Ghanashyam Mishra and Sons Pvt. Ltd. Through Authorised Signatory Vs. Edelweiss Asset Reconstruction Company Ltd. Through the Director & Ors. Civil Appeal No. 8129 of 2019 and other appeals.  

 

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IRDAI– Insurance Sector Updates

IRDAI directs insurers to decide on COVID-19 claims within 60 mins

Direction issued in view of Delhi HC order asking IRDAI to tell insurers to communicate their cashless approvals within 30 to 60 minutes so that there is no delay in discharge of patients.

Regulator IRDAI on Thursday directed insurers to decide on cashless COVID-19 treatment claims within 60 minutes of the receipt of the final bill so that the hospital bed can be quickly made available to another waiting patient.

The Insurance Regulatory and Development Authority of India (IRDAI) also directed all general and health insurers to communicate their decision on authorization for cashless treatment for COVID-19 claims to the hospital within 60 minutes from the time of receipt of request along with all necessary requirements from the hospital.

In the wake of prevailing conditions of COVID-19 cases in the form of second-wave and in line with aforesaid directions of the High Court, IRDAI has issued the following directions to all insurers:

  1. Decision on authorization for cashless treatment for COVID-19 claims shall be communicated to the network provider (hospital) within a period of 60 minutes from the time of receipt of authorization request along with all necessary requirements from the hospital.
  2. Decision on final discharge of patients covered in COVID-19 claims shall be communicated to the network provider within a period of one hour from the time of receipt of final bill along with all necessary requirements from the hospital.
  • Key Updates – April, 2021

Particulars Link
Norms on settlement of COVID-19 health insurance claims Click here
Standard products on Fire and Allied perils insurance business  

Click here

Dividend Criteria for Equity Investment under “Approved Investment” Click here
Comments / suggestions of the stakeholders on draft on IRDAI (General Insurance Products) Regulations, 2021  

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RTI – Frequently Asked Questions (FAQs)-Department wise  

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Final order in the matter of M/s Muthoot Risk Insurance and Broking Services Pvt. Ltd.  

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Draft Guidelines on Trade Credit Insurance Click Here
Investment in Alternative Investment Fund (AIFs) Click Here
IRDAI (Regulatory Sandbox) (Amendment) Regulations, 2021 Click here
IRDAI (Insurance Advertisements and Disclosure) Regulations, 2021 Click here
Order in the matter of Future Generali India Insurance Co Ltd Click Here
Standard Prodcuts-Health Insurance Click Here
Order in the matter of M/s SBI General Insurance Company Ltd. Click Here
Order in the matter of M/s Royal Sundaram General Insurance Co. ltd. Click Here
Order in the matter of M/s Bajaj Allianz General Insurance Company Ltd. Click Here
Gross premium underwritten by non-life insurers within India (segment wise) : For the month / upto the Month Of March, 2021 (Provisional & Unaudited)  

Click here

Granting cashless facility for treatment of Covid-19 Click here
Facilitation by the Insurers for Cashless services at network hospitals Click Here
Investments in Debt Securities of InvITs and REITs Click Here
Communication on Health Insurnace Claims Click Here
IRDAI (Manner of Assessment of Compensation to Shareholders or Members on Amalgamation) Regulations, 2021  

Click Here

CS Lalit Rajput

Company Secretary having 5 years of post-qualification experience in the Compliance Management Services industry by serving Corporates including Listed Companies, Corporate Secretarial Firms, and LLP. I have a keen interest in Corporate Governance and Compliance Management and the soaring craving to learn every day. The aim is to dive deep into the Corporate Governance sphere and help the industry with knowledge and practical exposure. Mail:- [email protected] Phone: +91 8802581290

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