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General Insurance (Emergency Provisions) Act, 1971 [Repealed] Complete Act

Title: General Insurance (Emergency Provisions) Act, 1971 [Repealed]

State: Central

Year: 1971

Preamble1 - GENERAL INSURANCE (EMERGENCY PROVISIONS) ACT, 1971 Section1 - Short title and commencement Section2 - Definitions Section3 - Management of undertakings to vest in Government on commencement of this Act Section4 - Power of Central Government to appoint Custodian to take over the management of the undertaking of the insurer Section4A - Application of Act 1 of 1956 Section4B - Custodian or other person to be in charge of the management of the undertaking of the insurer Section5 - Power of Custodian to institute proceedings, etc. Section6 - Payment of compensation Section7 - Compensation how to be paid Section8 - Penalties Section9 - Insurer not to be wound up by Court Section10 - Exclusion of time of Act for computing period of limitation Section11 - Effect of Act on other laws Section12 - Delegation of powers Section13 - Protection of action taken under this Act Section14 - New certificate of registration not to be issued Section15 - Act where not to apply Section16 - Power to make rules Section17 - Repeal and savings Repealing Act1 - INSURANCE LAWS (TRANSFER OF BUSINESS AND EMERGENCY PROVISIONS) REPEAL ACT, 2001

Emergency Risks (Undertakings) Insurance Act, 1971 Complete Act

State: Central

Year: 1971

.....such aggression; (iv) any person belonging to such other country; (d) "factory" means a factory as defined in clause (m) of section 2 of the Factories Act, 1948; (e) "factory building" includes all buildings comprised in the factory, and such other buildings (including residential buildings for staff and workmen, hospitals and welfare centres) within a radius of three kilometers from the main factory building as are in the same ownership or occupation as the factory and are used for the purposes of the factory; (f) "Fund" means the Emergency Risks (Undertakings) Insurance Fund constituted under section 7, (g) "inland vessel" means a vessel not ordinarily plying outside the limits of the territorial waters surrounding India (h) "insurable value" means the value of the property as ascertained for the purposes of insurance under this Act (i) "occupier" of a factory has the meaning assigned to it in clause (n) of section 2 of the Factories Act, 1948;(63 of 1948) (j) "owner", in relation to property insurable under this Act, means the owner of such property and includes, when parts of such property in relation to an undertaking to which this Act applies are owned by different.....

General Insurance (Emergency Provisions) Act, 1971 [Repealed] Repealing Act 1

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

State: Central

Year: 1971

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.

General Insurance (Emergency Provisions) Act, 1971 [Repealed] Preamble 1

Title: General Insurance (Emergency Provisions) Act, 1971

State: Central

Year: 1971

1[GENERAL INSURANCE (EMERGENCY PROVISIONS) ACT, 1971 [Act, No. 17 of 1971] [13th MAY, 1971] ________________________ 1. Repealed by The Insurance Laws (Transfer of Business and Emergency Provisions) Repeal Act, 2001 (11 of 2001) w.e.f. 09.05.2001

Emergency Risks (Goods) Insurance Act, 1971 Complete Act

State: Central

Year: 1971

.....Central Act. SECTION 02: DEFINITIONS In this Act, unless the context otherwise requires.- (a) "emergency risks" means such risks arising from,- (i) action taken by an enemy or action taken in combating an enemy or in repelling an imagined attack by an enemy (ii) any explosion or fire which involves explosives or munitions or other dangerous things required for the purposes of defence against any action of an enemy and which happens or is caused by through, or in connection with the manufacture, storage or transportation of and such explosives, munitions or other dangerous things; (iii) measures taken under proper authority to avoid the spreadire of or otherwise to mitigate, the consequences of damage occurring (whether accidentally or not) as a direct result of any such action as is described in sub-clause (i) or of any such explosion or fire as is described in sub-clause(ii) (iv) precautionary or preparatory measures taken under proper authority with a view to preventing or hindering the earning out of any attack by an enemy, being measures involving a substantial degree of risk to property; (v) precautionary or preparatory measures involving the doing of work on land taken.....

General Insurance (Emergency Provisions) Act, 1971 Complete Act

State: Central

Year: 1971

.....on singly or in combination with one or more of them, but does not include capital redemption business and annuity certain business; (d) "Insurance Act" means the Insurance Act, 1938-; (e) "insurer" means an insurer, as defined in the Insurance Act-, who carries on general insurance business in India, and includes an insurer whose registration under that Act has not remained wholly cancelled for a period of six months immediately before the appointed day, but does not include the Life Insurance Corporation of India established under the Life Insurance Corporation Act, 1956-, or any State Government which carries on general insurance business; (f) "notified order" means an order notified in the Official Gazette; (g) "prescribed" means prescribed by rules made under this Act; (h) "undertaking", in relation to an insurer incorporated outside India, means the undertaking of that insurer in India; (i) words and expressions used herein but not defined, and defined inthe Insurance Act-, have the meanings respectively aligned to them in that Act. SECTION 03: MANAGEMENT OF UNDERTAKINGS TO VEST IN GOVERNMENT ON COMMENCEMENT OF THIS ACT (1) On and from the appointed day, management of the.....

General Insurance (Emergency Provisions) Act, 1971 [Repealed] Section 3

Title: Management of Undertakings to Vest in Government on Commencement of This Act

State: Central

Year: 1971

.....(hereinafter referred to as the "authorised person"), - (a) make any payment or grant any loan 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 undertaking otherwise than for the purpose of making routine payments of salaries or commissions to employees, insurance 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 undertaking or vary the terms and conditions of any such contract subsisting on the appointed day; (g) enter into any other transaction relating to the undertaking of the insurer other than a contract relating to the transaction of general insurance business or vary the terms and.....

General Insurance (Emergency Provisions) Act, 1971 [Repealed] Section 4A

Title: Application of Act 1 of 1956

State: Central

Year: 1971

.....in this Act and subject to such exceptions, restrictions and limitations, if any, as the Central Government may, by notification in the Official Gazette, specify in this behalf, the Companies Act, 1956 and the Insurance Act shall continue to apply to every insurer in the same manner as they applied to him before the appointed day. (3) Every notification made by the Central Government under sub-section (2) 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 sessions immediately following the session or the successive sessions aforesaid, both Houses agree in making any modification in the notification, or both Houses agree that the notification should not have been made, the notification shall thereafter have effect only in such modified form or be of no effect, as the case may be; so, however, that any such modification or annulment shall be without prejudice to the validity of anything previously done under that notification.

General Insurance (Emergency Provisions) Act, 1971 [Repealed] Section 17

Title: Repeal and Savings

State: Central

Year: 1971

(1) The General Insurance (Emergency Provisions) Ordinance, 1971, is hereby repealed. (2) Notwithstanding such repeal, anything done or any action taken (including any direction given and orders and rules made) under the said Ordinance shall be deemed to have been done or taken under the corresponding provisions of this Act.

General Insurance (Emergency Provisions) Act, 1971 [Repealed] Section 1

Title: Short Title and Commencement

State: Central

Year: 1971

(1) This Act may be called the General Insurance (Emergency Provisions) Act, 1971. (2) It shall be deemed to have come into force on the 13th day of May 1971.