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Start Free TrialInsurance Act, 1938 (4 of 1938) Part V
Title: Miscellaneous
State: Central
Year: 1938
.....the purposes of that sub-section, be deemed to be liable for that act in the same manner and to the same extent as the person who has committed the act, unless he proves that the act was committed without hi s consent or connivance and was not facilitated by any neglect or omission on hi s part. ( 4 ) Where at any stage of the proceedings against any person under this section (he reinafter referred to as the delinquent), the Court is satisfied by affidavit or otherwise-- (a) that a prima facie case has been made out against the delinquent; and (b) that it is just and proper so to do in the interests of the policy-holders of an insurer or of the me mbers of an insurance company, the court may direct the attachment of-- (i) any property of the insurer in the possession of the delinquent; (ii) any property of the delinquent which belongs to hi m or is deemed to belong to hi m within the me aning of sub-section ( 5 ); (iii) any property transferred by the delinquent within two years before the commencement of proceedings under sub-section ( 1 ) or during the pendency of such proceedings, if the Court is satisfied by affidavit or otherwise that the transfer was.....
View Complete Act List Judgments citing this sectionInsurance Act, 1938 (4 of 1938) Section 114A
Title: Power of Authority to Make Regulations
State: Central
Year: 1938
.....fee, not exceeding five thousand rupees, as may be determined by the regulations for issue of a duplicate certificate of registration under subsection (7) of section 3; (d) the matters relating to the renewal of registration and fee therefor under section 3A; (e) the manner and procedure for divesting excess share capital under subsection (2) of section 6AA; (f) the preparation of balance-sheet, profit and loss account and a separate account of receipts and payments and revenue account under sub-section (1A) of section 11; (g) the manner in which an abstract of the report of the actuary to be specified under the 3 [fifth proviso] to sub-section (1) of section 13; (h) the form and manner in which the statement referred to in sub-section (4) of section 13 shall be appended; (i) the time, manner and other conditions of investment of assets held by an insurer under sub-sections (1), (2) and (3) of section 27D; 4 [(ia) the form in which a return showing the investments made out of the controlled fund shall be submitted by an insurer carrying on life insurance business under sub-section (1) of section 28A; (ib) the form in which a return showing all the.....
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