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The minimum paid up capital of the company shall be in equity shares amounting to Rs. 1 crore(Rupees One crore only);
4. At no point of time of its functioning the TPA shall have a working capital of less than Rs. 1 crore;
5. At least one of the directors of the TPA shall be a qualified medical doctor registered with the Medical Council of India;
6. The aggregate holdings of equity shares by a foreign company shall not at any time exceed twenty-six percent of the paid up equity capital of a third party administrator.
7. Any transfer of shares exceeding 5% of the paid up share capital shall be intimated by the TPA to the Authority within 15 days of the transfer indicating the names and particulars of the transferor and transferee...
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