Section 7: Revocation of permission

Insurance Regulatory and Development Authority of India (Regulatory Sandbox) Regulations, 2019Central Regulations · 1938

(1) The Chairperson of the Authority may revoke the permission so granted at any time, if it is of the view that the activities carried out are:

(a) not meeting the conditions given in Regulation 6 above or

(b) in violation of the provisions of the Insurance Act, 1938, the Insurance Regulatory and Development Authority Act, 1999 and other applicable laws.

Provided that before revoking the permission, the applicant shall be given an opportunity of being heard.

Where this provision sits

Act	Insurance Regulatory and Development Authority of India (Regulatory Sandbox) Regulations, 2019
Section	7
Marginal note	Revocation of permission
Jurisdiction	Central
Status	In force as published by the source

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