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Life Insurance (Emergency Provisions) Act, 1956 [Repealed] Complete Act

Title: Life Insurance (Emergency Provisions) Act, 1956 [Repealed]

State: Central

Year: 1956

Preamble1 - LIFE INSURANCE (EMERGENCY PROVISIONS) ACT, 1956 Section1 - Short title Section2 - Definitions Section3 - Management of controlled business to vest in Government on commencement of Act Section4 - Power of Central Government to appoint Custodians to take over management of controlled business Section5 - Refund of deposits made under Insurance Act Section6 - Powers of Custodian to institute proceedings, etc. Section7 - Compensation for management of controlled business vesting in Central Government Section8 - Compensation, how to be paid and distributed Section9 - Penalties Section10 - Insurer not to be wound up by Court Section11 - Exclusion of time of Act for computing period of limitation Section12 - Effect of Act on other laws Section13 - Delegation of powers Section14 - Protection of action taken under Act Section15 - Prevention of disqualification for membership of Parliament Section16 - Exemptions Section17 - Power to make rules Section18 - Repeal of Ordinance 1 of 1956 and savings Repealing Act1 - INSURANCE LAWS (TRANSFER OF BUSINESS AND EMERGENCY PROVISIONS) REPEAL ACT, 2001

National Highways Act, 1956 Complete Act

State: Central

Year: 1956

.....(3) Pondicherry, by Regn. 7 of 1963 (1-10-1963). (4) Sikkim-See S.O. 208 (E) of 1975. SECTION 01: SHORT TITLE, EXTENT AND COMMENCEMENT (1) This Act may be called the National Highways Act, 1956. (2) It extends to the whole of India. (3) It shall come into force on such date1as the Central Government may, by notification in the Official Gazette, appoint. SECTION 02: DECLARATION OF CERTAIN HIGHWAYS TO BE NATIONAL HIGHWAYS (1) Each of the highways specified in the Schedule4[***]is hereby declared to be a national highway. (2) The Central Government may, by notification in the Official Gazette, declare any other highway to be a national highway and on the publication of such notification such highway shall be deemed to be specified in the Schedule. (3) The Central Government may, by like notification, omit any highway from the Schedule and on the publication of such notification, the highway so omitted shall cease to be a national highway. SECTION 03: DEFINITIONS 5-In this Act, unless the context otherwise requires,- (a) "competent authority" means any person or authority authorised by the Central Government, by notification in the Official Gazette, to perform the functions of.....

Life Insurance (Emergency Provisions) Act, 1956 [Repealed] Repealing Act 1

Title: Insurance Laws (Transfer of Business and Emergency Provisions) Repeal Act, 2001

State: Central

Year: 1956

THE INSURANCE LAWS (TRANSFER OF BUSINESS AND EMERGENCY PROVISION) REPEAL ACT, 2001 [Act, No. 11 of 2001] [9th May, 2001] PREAMBLE An Act to repeal the Allianz Und Stuttgarter Life Insurance Bank (Transfer) Act, 1950, the Life Insurance (Emergency Provisions) Act, 1956 and the General Insurance (Emergency Provisions) Act, 1971. be it enacted by Parliament in the Fifty-second Year of the Republic of India as follows: -- 1. Short title This Act may be called the Insurance Laws (Transfer of Business and Emergency Provisions) Repeal Act, 2001. 2. Repeal of Act 62 of 1950 The Allianz Und Stuttgarter Life Insurance Bank (Transfer) Act, 1950 is hereby repealed. 3. Repeal of Act 9 of 1956 The Life Insurance (Emergency Provisions) Act, 1956 is hereby repealed. 4. Repeal of Act 17 of 1971 The General Insurance (Emergency Provisions) Act, 1971 is hereby repealed.

Life Insurance (Emergency Provisions) Act, 1956 [Repealed] Preamble 1

Title: Life Insurance (Emergency Provisions) Act, 1956

State: Central

Year: 1956

1[LIFE INSURANCE (EMERGENCY PROVISIONS) ACT, 1956 [Act, No. 9 of 1956] [21st March, 1956] PREAMBLE An Act to provide for the taking over, in the public interest, of the management of life insurance business pending nationalisation thereof. BE it enacted by Parliament in the Seventh Year of the Republic of India as follows: - ____________________ 1. Repealed by The Insurance Laws (Transfer of Business and Emergency Provisions) Repeal Act, 2001 (11 of 2001) w.e.f. 09.05.2001

Life Insurance (Emergency Provisions) Act, 1956 Complete Act

State: Central

Year: 1956

.....all its business; (3) "Custodian" means the person appointed under section 4-to take over the management of any controlled business; (4) "Insurance Act" means the Insurance Act, 1938; (5) "insurer" means an insurer as defined in the Insurance Act who carries on life insurance business in India, and includes a provident society as defined in section 65-of the Insurance Act; (6) "notified order" means an order notified in the Official Gazette; (7) all other words and expressions used herein but not defined, and defined in the Insurance Act, shall have the meanings respectively assigned to them in that Act. SECTION 03: MANAGEMENT OF CONTROLLED BUSINESS TO VEST IN GOVERNMENT ON COMMENCEMENT OF ACT (1) On and from the appointed day, the management of the controlled business of all insurers shall vest in the Central Government, and, pending the appointment of a Custodian for the controlled business of any insurer, the persons in charge of the management of such business immediately before the appointed day shall, on and from the appointed day, be in charge of the management of the business for and on behalf of the Central Government; and controlled business of the insurer shall be.....

Life Insurance (Emergency Provisions) Act, 1956 [Repealed] Section 3

Title: Management of Controlled Business to Vest in Government on Commencement of Act

State: Central

Year: 1956

.....person), - (a) make any payment or grant any loan in respect of a policy of life insurance otherwise than in accordance with the normal practice observed by him in respect of such matters immediately before the appointed day; (b) incur any expenditure from the assets appertaining to the controlled business otherwise than for the purpose of making routine payments of salaries or commissions to employees, insurance agents, special agents or chief agents or for the purpose of meeting the routine day to day expenditure; (c) transfer or otherwise dispose of any such assets or create any charge, hypothecation, lien or other encumbrance thereon; (d) invest in any manner any moneys forming part of such assets; (e) acquire any immovable property out of any moneys forming part of such assets; (f) enter into any contract of service or agency, whether expressly or by implication, for purposes connected wholly or partly with the controlled business or vary the terms and conditions of any such contract subsisting on the appointed day; (g) enter into any other transaction relating to controlled business other than a contract relating to the issue of a new policy of life.....

Life Insurance (Emergency Provisions) Act, 1956 [Repealed] Section 1

Title: Short Title

State: Central

Year: 1956

This Act may be called the Life Insurance (Emergency Provisions) Act, 1956.

Life Insurance (Emergency Provisions) Act, 1956 [Repealed] Section 11

Title: Exclusion of Time of Act for Computing Period of Limitation

State: Central

Year: 1956

In computing the period of limitation prescribed by any law for the time being in force for any suit or application against any person by an insurer in respect of any matter arising out of his controlled business, the time during which the Life Insurance (Emergency Provisions) Ordinance, 1956, and this Act have been in force shall be excluded.

Life Insurance (Emergency Provisions) Act, 1956 [Repealed] Section 18

Title: Repeal of Ordinance 1 of 1956 and Savings

State: Central

Year: 1956

[Repealed by the Repealing and Amending Act, 1960 (58 of 1960).]

Life Insurance (Emergency Provisions) Act, 1956 [Repealed] Section 17

Title: Power to Make Rules

State: Central

Year: 1956

.....order, make rules to carry out the purposes of this Act. (2) In particular, and without prejudice to the generality of the foregoing power, rules made under sub-section (1) may provide for- (a) the form and manner in which books of accounts appertaining to controlled business shall be maintained by insurers; (b) the manner in which any compensation payable under this Act may be paid to the person entitled thereto; (c) the circumstances in which the remuneration payable to persons in charge of the management of the controlled business of an insurer under this Act or to Custodians shall be met by the Central Government, whether wholly, or in part. 1[(3) Even rule made under this Act shall be laid, as soon as may be after it is made, before, each House of Parliament, while it is in session, for a total period of thirty days which may be comprised in one session or in two or more successive sessions, and if, before the expiry of the. session immediately following the session or the successive sessions. aforesaid, both Houses agree in making any modification in the rule or both Houses agree that the rule should not be made, the rule shall thereafter have effect only.....