AUDIT CERTIFICATE

I have examined the Receipts and payments Account, Income and Expenditure Account for the year ended 31st March 2001 and Balance Sheet as on 31st March 2001 of Insurance Regulatory and Development Authority, New Delhi. I have obtained all the information and explanations that I have required and subject to the observations in the appended Audit Report, I certify as a result of my audit that in my opinion, these accounts and Balance Sheet are properly drawn-up so as to exhibit a true and fair view of the state of affairs of Insurance Regulatory and Development Authority, New Delhi according to the best of my information and explanations given to me and as shown by the books of organisation.

-Sd-
Director General of Audit
Central Revenues