AUDIT CERTIFICATE

I have examined the Receipts and Payments Account, Income and Expenditure Account for the year ended 31st March 2002 and Balance Sheet as on 31st March 2002 of Insurance Regulatory and Development Authority, Hyderabad. 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 Insurance Regulatory and Development Authority, Hyderabad, according to the best of information and explanations given to me and as shown to me by the books of Organisation.

Sd/-
Place: New Delhi Director General of Audit
Dated : 18-07-03 Central Revenues