NOC FROM IRDAI FOR INCORPORATION OF A INSURANCE BROKING COMPANY

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This query is : Resolved

CHANDAN KHANDELWAL (Querist)

14 May 2024 Where should I make an application for NOC for name approval of a company being incorporated with the name containing "Insurance Broking"?

Aashok Kumar Sharma online

Aashok Kumar Sharma

(Expert)

09 July 2024 For obtaining a No Objection Certificate (NOC) for name approval of a company containing "Insurance Broking," you typically need to apply to the regulatory authority responsible for overseeing insurance-related activities in your country. Here's a general guideline on where to apply:

### In India:

1. **Insurance Regulatory and Development Authority of India (IRDAI):**
- If your company's name contains "Insurance Broking," you would need an NOC from IRDAI.
- Contact IRDAI through their official website or visit their regional office for guidance on the application process.

2. **Ministry of Corporate Affairs (MCA):**
- When applying for name approval through MCA, if the name contains sensitive words like "Insurance," it often requires an NOC from the respective regulatory authority (IRDAI in this case).
- You'll need to submit your application for name approval through the MCA portal, along with any necessary documents and the NOC obtained from IRDAI.

### General Steps to Obtain NOC:

- **Prepare Documentation:** Ensure you have all necessary documents ready, including the proposed name of the company and any supporting documents required by IRDAI.

- **Submit Application:** Apply online through the MCA portal for name approval, indicating that your company's name includes "Insurance Broking."

- **Obtain NOC:** Once you submit your application to MCA, they may require you to upload the NOC from IRDAI as part of the approval process.

- **Follow-Up:** Keep track of your application status through the MCA portal and follow any additional instructions provided by IRDAI or MCA.

By following these steps and ensuring all requirements are met, you can facilitate the smooth approval of your company name containing "Insurance Broking."

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