‘48A. Act to supply to Goa, Daman and Diu subject to modifications.— The provisions of this Act shall, in their application to the Union territory of Goa, Daman and Diu, have effect subject to the following modifications, namely:—
(1) In section 2, —
(i) for clause (1), the following clause shall be substituted, namely:— ‘(1) “appointed day” means —
(i) in the case of any insurer incorporated or registered in Portugal or the Portuguese occupied territories outside India, the 8th June, 1962; and
(ii) in the case of any other foreign insurer transacting life insurance business in the Union territory of Goa, Daman and Diu, the commencement of this Act;’;
(ii) in sub-clause (ii) of clause (3),—
(a) after item (b), the following proviso shall be inserted, namely:— “Provided that nothing contained in this sub-clause shall be deemed to include policies of insurance issued in favour of - 8 - 1 2 3 4 persons who have not opted to become citizens of India under the order issued under section 7 of the Citizenship Act, 1955 (57 of 1955);”; and
(a) item (c) shall be omitted.
(2) Sections 11 and 12 shall be omitted.
(3) In section 14 and sub-section (I) of section 15, for the figures, letters and words “19th day of January, 1956”, the words “appointted day” shall be substituted.
(4) In section 16, after sub- -section (2), the following sub- -section shall be inserted, namely:— “(3) Notwithstanding anything contained in sub-section (1) or sub-section (2), no compensation shall be payable or be offered to an insurer incorporated or registered in Portugal or any of the Portuguese-occupied territories, unless the Central Government is satisfied that the amounts, if any, which are due to be recovered from such insurer or to be remitted by such insurer to India have been or will be recovered or remitted in full”.
(5) In section 30, for the words “certificate of registration under the Insurance Act”, the following words shall be substituted, namely:— “certificate or authorization under the Insurance Act or under any other law, decree or order”.
(6) In section 35, after the words “insurer incorporated outside India”, wherever they occur, the words “not being an insurer registered or incorporated in Portugal or the Portuguese-occupied territories” shall be inserted.
(7) In section 36, after the proviso, the following proviso shall be inserted, namely:— “Provided further that no compensation shall be payable to the - 9 - 1 2 3 4 chief agents or special agents of insurers registered or incorporated in Portugal or Portuguese-occupied territories unless (a) they are citizens of India, or (b) in the case of chief agents or special agents who are not citizens of India, the amounts, if any, due from such insurers have been recovered or remitted to India in full, or (c) the Central Government specifically authorizes the payment of such compensation”.
(8) In the First Schedule, —
(i) in Part ‘A’ —
(a) for the words, figures and letters “the 1st day of January, 1955”, wherever they occur, the words, figure and letters “the 1st day of the completed calendar year immediately preceding the appointed day” shall be substituted, for the words, figures and letters “the 31st day of December, 1955”, the words “the last day of the completed calendar year immediately preceding the appointed day” shall be substituted and for the figures and word “1950 to 1955”, the figures and word “1956 to 1961” shall be substituted;
(b) after the words “abstracts prepared in accordance with Part II of the Fourth Schedule to the Insurance Act”, wherever they occur, the words “or in any other corresponding abstract, return or statement” shall be inserted:
(c) in Paragraph 2, after the words “Form A in the First Schedule to the Insurance Act”, the words “or any other corresponding form - 10 - 1 2 3 4 or statement” shall be inserted; and
(ii) in Part B, for the words, figures and letters “the 1st day of January, 1955”, the words “the first day of the completed calendar year immediately preceding the appointed day” shall be subs-tituted and references to the 19th day of January, 1956 (except in paragraph 5) shall be changed into references to the appointed day.
(9) In the Second Schedule, references to the 1st day of January, 1955 and the 31st day of December, 1955, shall be changed into references to the first day and the last day respectively of the completed calendar year immediately preceding the appointed day.
(10) In the Third Schedule, —
(i) in the first paragraph, for the words “seventy-five per cent”, the words such percentage as the Central Government may fix” and for the words “ten years”, the words “five years” shall be substituted; and
(ii) in the second paragraph, referen-ces to the 1st day of January, 1952, and the 31st day of December, 1955, shall be changed into references to the 1st day of January, 1958, and the 31st day of December, 1961, respectively.
1956 42 The Securities Contracts (Regulation) Act, 1956.
1956 61 The Khadi and Village Industries Commission Act, 1956.
1956 102 The Indian Medical Council Act, 1956. In the Third Schedule —
(i) in Part I, add at the end— “Medico- Diploma of Medico- -Surgical licentiate of -Surgeon College, the Medico- (Goa.)”;
Nova-Goa, -Surgical College, Panaji. Nova-Goa.
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(ii) in Part II, omit the following:— “Medico-Surgeon (Goa)”.
1956 104 The Suppression of Immoral Traffic in Women and Girls Act, 1956.
1958 20 The Probation of Offenders Act, 1958.
1959 23 The Cost and Works Accountants Act, 1959.
1959 31 The Employment Exchanges (Compulsory Notification of Vacancies) Act, 1959.
1959 38 The State Bank of India (Subsidiary Banks) Act, 1959.
1960 59 The Prevention of Cruelty to Animals Act, 1960.
1961 27 The Motor Transport Workers Act, 1961.
1961 52 The Apprentices Act, 1961.
1961 53 The Maternity Benefit Act, 1961.
1961 58 The Iron Ore Mines Labour Welfare Cess Act, 1961.
S. RADHAKRISHNAN, President.
R. C. S. SARKAR, Secy. to the Govt. of India.