Bye-law 16, Insurance Regulatory and Development Authority of India (Registration of The business of an insurance intermediary) Bye-laws, 2014 [S4P-B0G]
As at 7 September 2026. In force from 10 December 2014.
Refusal of registration.—Where the Securities Appellate Tribunal is not satisfied that an application made in Form IRDA-6 is complete or that the fee of one lakh rupees has been paid, it shall record its reasons in writing, shall communicate the order of refusal to the applicant in Form IRDA-5 within thirty days of the order together with a statement of the grounds on which it is made, and shall return with the order every document furnished with the application; and the applicant may make a fresh application at any time after seven days from the communication.
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