Please explain Whether an Insurance Intermediary registered with Insurance Regulatory Authority of India and Licensed by the same authority, need to get registered under the said act.
From India, Hyderabad
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From India, Hyderabad
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Dear Mr. Ramachandrarao,
I would like to invite your attention to Sections 2(5), 3, and 73(1)(b) of the Andhra Pradesh Shops and Establishments Act, 1988. As per the definition of the term "Commercial Establishment" under Section 2(5), an insurance company is considered a commercial establishment under the Act. It is important to note that every insurance company can only commence operations after registering with the Insurance Regulatory Authority of India, and the same applies to an insurance intermediary.
However, Section 73(1)(b) of the APSE Act, 1988, provides an exemption for Central Government establishments from the provisions of the Act. Therefore, all private insurance companies and private intermediaries must register under Section 3 of the APSE Act, 1988.
From India, Salem
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6108I would like to invite your attention to Sections 2(5), 3, and 73(1)(b) of the Andhra Pradesh Shops and Establishments Act, 1988. As per the definition of the term "Commercial Establishment" under Section 2(5), an insurance company is considered a commercial establishment under the Act. It is important to note that every insurance company can only commence operations after registering with the Insurance Regulatory Authority of India, and the same applies to an insurance intermediary.
However, Section 73(1)(b) of the APSE Act, 1988, provides an exemption for Central Government establishments from the provisions of the Act. Therefore, all private insurance companies and private intermediaries must register under Section 3 of the APSE Act, 1988.
From India, Salem
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Forms & Registers Andhra Pradesh Shops & Establishments Act 1988 & Rules 1990.xls
Maharashtra Shops And Establishments (Regulation Of Employment And Conditions Of Service) Act, 2.pdf