Bare Act Search Results

Central Road Fund Act, 2000 Chapter II

Title: Central Road Fund

State: Central

Year: 2000

.....Act, on every item specified in column (2) of the Schedule, which is produced in or imported into India and-- (a) removed from a refinery or a factory or an outlet; or (b) transferred by the person, by whom such item is produced or imported, to another person, at such rates not exceeding the rate set forth in the corresponding entry in column (3) of the Schedule, as the Central Government may, by notification in the Official Gazette, specify: Provided that until the Central Government specifies by such notification the rate of the cess in respect of petrol and high speed diesel oil (being items specified in the Schedule), the cess on petrol and high speed diesel oil under this sub-section shall be levied and collected at the rate of rupee one per litre: Provided further that the additional duty of customs and the additional duty, of excise on petrol levied under sub-section (1) of section 103 and sub-section (1) of section 111, as the case may be, of the Finance (No. 2) Act, 1998 (21 of 1998) and the additional duty of customs and the additional duty of excise on high speed diesel oil levied under sub-section (1) of section 116 and sub-section (1) of section 133, as.....

The Jharkhand Agricultural Produce Markets Act, 2000 Complete Act

State: Jharkhand

Year: 2000

.....the better regulation of buying and selling of Agricultural Produce and the Establishment of Markets for Agricultural Produce in the State of ( This Act enacted by the State of Bihar has been adapted by the State of Jharkhand by Notification No. 153 dt. 27.1.2001 (text published above).) [Jharkhand] and for matters connected therewith. Be it enacted by the Legislature of the State of Bihar1 in the Eleventh Year of the Republic of India as follows:" Chapter I - PRELIMINARY THE JHARKHAND AGRICULTURAL PRODUCE MARKETS ACT, 2000 [Act No. 16 of 1960] ( For Statement of Objects and Reasons, see the Bihar Gazette, Extraordinary of the 4th December, 1968; for Report of the Select Committee, see the Bihar Gazette, dated the 24th February, 1960.) [10th September, 1960] PREAMBLE An Act to provide for the better regulation of buying and selling of Agricultural Produce and the Establishment of Markets for Agricultural Produce in the State of ( This Act enacted by the State of Bihar has been adapted by the State of Jharkhand by Notification No. 153 dt. 27.1.2001 (text published above).) [Jharkhand] and for matters connected therewith. Be it enacted by the Legislature of the.....

Insurance Regulatory and Development Authority (Assets, Liabilities, and Solvency Margin of Insurers) Regulations, 2000 Complete Act

State: Central

Year: 2000

.....(a) "valuation date", in relation to an actuarial investigation, means the date to which the investigation relates. (b) "universal life contracts" means those contracts that are presented in an unbundled form. The contracts where policy-holders have an option to invest in units of Insurer's segregated fund(s) shall be treated as "linked business", and others shall be treated as "non-linked business". (c) "segregated funds" means funds earmarked in respect of linked business. 2. Method of Determination of Mathematical Reserves.-(1) Mathematical Reserves shall be determined separately for each contract by a prospective method of valuation in accordance with sub-paras (2) to (4). (2) The valuation method shall take into account all prospective contingencies under which any premiums (by the policy-holder) or benefits (to the policy-holder/beneflciary) may be payable under the policy, as determined by the policy conditions. The level of benefits shall take into account the reasonable expectations of policy-holders (with regard to bonuses, including terminal bonuses, if any) and any established practices of an insurer for payment of benefits. (3) The valuation method shall take.....

Insurance Regulatory and Development Authority (General Insurancereinsurance) Regulations, 2000 Complete Act

State: Central

Year: 2000

.....Regulatory and Development Authority Act, 1999 (41 of 1999), rules made thereunder shall have the meanings respectively assigned to them in those Acts or rules as the case may be. CHAPTER 2 Regulation 3 Procedure to be followed for Re-insurance Arrangements (1) The Re-insurance Programme shall continue to be guided by the following objectives to:- (a) maximise retention within the country; (b) develop adequate capacity; (c) secure the best possible protection for the re-insurance costs incurred; (d) simplify the administration of business; (2) Every insurer shall maintain the maximum possible retention commensurate with its financial strength and volume of business. The Authority may require an insurer to justify its retention policy and may give such directions as considered necessary in order to ensure that the Indian insurer is not merely fronting for a foreign insurer. (3) Every insurer shall cede such percentage of the sum assured on each policy for different classes of insurance written in India to the Indian reinsurer as may be specified by the Authority in accordance with the provisions of Part IV-A of the Insurance Act, 1938. (4) The re-insurance programme of.....

Insurance Regulatory and Development Authority (Insurance Advertisements and Disclosure) Regulations, 2000 Complete Act

State: Central

Year: 2000

.....of 1972), or Insurance Regulatory and Development Authority Act, 1999 (41 of 1999) shall have the meanings respectively assigned to them in those Acts or the rules as the case may be. Regulation 3 Compliance and control (1) Every insurer or intermediary or insurance agent shall- (i) have a compliance officer, whose name and official position in the organisation shall be communicated to the Authority, and he shall be responsible to oversee the advertising programme. (ii) establish and maintain a system of control over the content, form, and method of dissemination of all advertisements concerning its policies. (iii) maintain an advertising register at its corporate office which must include: (a) a specimen of every advertisement disseminated, or issued or a record of any broadcast or telecast, etc.; (b) a notation attached to each advertisement indicating the manner, extent of distribution and form number of any policy advertised, and (iv) maintain a specimen of all advertisements for a minimum period of three years. (v) file a copy of each advertisement with the Authority as soon as it is first issued, together with information: (a) an identifying number for the.....

Insurance Regulatory and Development Authority (Licensing of Insurance Agents) Regulations, 2000 Complete Act

State: Central

Year: 2000

.....in the form of a report (called "Insurance Agent's Confidential Report") along with every proposal submitted to the insurer, and any material fact that may adversely affect the underwriting decision of the insurer as regards acceptance of the proposal, by making all reasonable enquiries about the prospect; (h) inform promptly 'the prospect about the acceptance or rejection of the proposal by the insurer; (i) obtain the requisite documents at the time of filing the proposal form with the insurer; and other other documents. subsequently asked for by the insurer for completion of the proposal; (j) render necessary assistance to the policy- holders or claimants or beneficiaries in complying with the requirements for settlement of claims by the insurer; (k) advise every individual policy-holder to effect nomination or assignment or change of address or exercise of options, as the case may be, and offer necessary assistance in this behalf, wherever necessary; (ii) No insurance agent shall,- (a) solicit or procure insurance business without holding a valid licence; (b) induce the prospect to omit any material information in the proposal form; (c) induce the prospect to submit.....

Insurance Regulatory and Development Authority (Life Insurancereinsurance) Regulations, 2000 Complete Act

State: Central

Year: 2000

.....AND DEVELOPMENT AUTHORITY (LIFE INSURANCE-REINSURANCE) REGULATIONS, 2000 In exercise of the powers conferred by section 114A of the Insurance Act, 1938, read with sections 14 and 26 of the Insurance Regulatory and Development Authority Act, 1992, the Authority, in consulation with the insurance Advisory Committee hereby makes the following regulations, namely: Regulation 1 Short, title and commenceement (1) These regulations may he called the Insurance Regulatory and Development Authority (Life Insurance-Reinsurance) Regulations, 2000. (2) They shall come into force on the date of their notification in the Official Gazette Regulation 2 Definitions In these regulations, unless the context otherwise requires (a) "Act" means the Insurance Act, 1938 (4 of 1938); (b) "Authority means the Insurance Regulatory and Devevelopment Authority Authority Act, 1999 (41 of 1999) (c) "retention" means the amount of risk which an insurer assumes tor his own account. (d) words and expressions used and not defined in these regulations but defined in the Insurance Act, 1938 (4 of 1938) or Insurance Regulatory and Development Authority Act, 1999 (41 of 1999), shall have the meanings.....

INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY (PREPARATION OF FINANCIAL STATEMENTS AND AUDITOR'S REPORT OF INSURANCE COMPANIES)REGULATIONS, 2000 Complete Act

State: Central

Year: 2000

.....of their publication in the Official Gazette. Regulation 2 Definitions .-(1) In these regulations, unless the context otherwise requires- (a) "Act" means the Insurance Act, 1938 (4 of 1938); (b) "Authority" means the Insurance Regulatory and Development Authority established under sub-section (1) of S.3 of the Insurance Regulatory and Development Authority Act, 1999 (41 of 1999); (c) All words and expressions used herein and not defined but defined in the Insurance Act, 1938 (4 of 1938), or in the Insurance Regulatory and Development Authority Act, 1999 (41 of 1999), or in the Companies Act, 1956 (1 of 1956) shall have the meanings respectively assigned to them in those Acts. Regulation 3 Preparation of financial statements, management report and auditor's report (1) An insurer carrying on life insurance business, after the commencement of these Regulations, shall comply with the requirements of Schedule A. (2) An insurer carrying on general insurance business, after the commencement of these regulations, shall comply with the requirements of Schedule B : Provided that this sub-regulation shall apply, mutatis mutandis, to re-insurers, until separate regulations are.....

Insurance Regulatory and Development Authority (Registration of Indian Insurance Companies) Regulations, 2000 Complete Act

State: Central

Year: 2000

.....date of their publication in the Official Gazette. Regulation 2 Definitions .-In these regulations, unless the context otherwise requires,- (a) "Act" means the Insurance Act, 1938 (4 of 1938); (b) "Authority" means the Insurance Regulatory and Development Authority established under sub-section (1) of S.3 of the Insurance Regulatory and Development Authority Act, 1999 ( 41 of 1999); (c) "certificate" means a certificate of registration granted or renewed by the Authority under these regulations; (d) "enquiry officer" means an officer of the Authority or any person specifically appointed by it to conduct an enquiry for purposes of these regulations; (e) "general annuity business" means the business of effecting contracts to pay annuities on human life but does not include contracts under pension business: (f) "health insurance business" or "health cover" means the effecting of contracts which provide sickness benefits or medical, surgical or hospital expense benefits, whether in- patient or out-patient, on an indemnity, reimbursement, service, prepaid, hospital or other plans basis, including assured benefits and long term care; (g) "Indian promoter" means and includes- .....

Madhya Pradesh Reorganisation Act, 2000 Complete Act

State: Central

Year: 2000

.....pass to the State in which the principal seat of business of the undertaking is located. (4) Where anybody corporate constituted under a Central Act, State Act or Provincial Act for the existing State of Madhya Pradesh or any part thereof has, by virtue of the provisions of Part II of this Act, become an inter-State body corporate, the investments in, or loans or advances to, any such body corporate by the existing State of Madhya Pradesh made before the appointed day shall, save as otherwise expressly provided by or under this Act, be divided between the States of Madhya Pradesh and Chhattisgarh in the same proportion in which the assets of the body corporate are divided under the provisions of this part. SECTION 43: ASSETS AND LIABILITIES OF STATE UNDERTAKING (1) The assets and liabilities relating to any undertaking of the existing State of Madhya Pradesh whether directly owned or through a body corporate constituted or incorporated or registered under any Central, State or Provincial Act, shall," (a)if exclusively located in a successor State, pass to the successor State, and where a depreciation reserve is maintained by the existing State of Madhya Pradesh for such.....