law: Insurance Regulatory and Development Authority Act, 1999
  3. Establishment and incorporation of Authority
  (1) With effect from such date as the Central Government may, by
  
  notification, appoint, there shall be established, for the purposes of this
  
  Act, an Authority to be called "the Insurance Regulatory and Development
  
  Authority".
  (2) The Authority shall be a body corporate by the name
  
  aforesaid having perpetual succession and a common seal with power, subject to
  
  the provisions of this Act, to acquire, hold and dispose of property, both
  
  movable and immovable, and to contract and shall, by the said name, sue or be
  
  sued.
  (3) The head office of the Authority shall be at such place as
  
  the Central Government may decide from time to time.
  (4) The Authority may establish offices at other places in India .