IRDAI Clarification Regarding Subscription Of Capital Securities Issued By Insurers

IRDAI vide circular dated 06.09.2024 has issued clarification regarding subscription of Capital
securities issued by insurers. Capital issued by any insurer may be subscribed by any of the following
entity(ies), subject to compliance with all other applicable laws including but not limited to laws
pertaining to taxation, foreign exchange, anti-money laundering, combating the financing of
terrorism:

1. Any entity incorporated, set-up or registered under any law for the time being in force in
   India; or
2. Any entity incorporated, set-up or registered under any law for the time being in force in
   any Financial Action Task Force compliant jurisdiction.