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Section 16

General Insurance (Emergency Provisions) Ordinance, 1971Ordinance · 1971

(1) The Central Government may, by notification in the Official Gazette, make rules, to carry out the provisions of this Ordinance.

(2) In particular, and without prejudice to the generality of the foregoing power, such rules may provide for all or any of the following matters, namely: —

(a) the form and manner in which books of account appertaining to undertakings shall be maintained by insurers;

(b) the manner in which any compensation payable under this Ordinance shall be dealt with by an insurer;

(c) the circumstances in which the remuneration payable to persons in charge of the management of the undertaking of an insurer under this Ordinance or to Custodians shall be met by the Central Government, whether wholly or in part;

(d) any other matter which may be, or is required to be, prescribed.

Power to make rules.

V. V. GIRI, President N. D. P. NAMBOODIRIPAD, Joint Secy, to the Govt, of India.

PRINTED RY THE GENENRAL MANAOBR, GOVERNMENT OF INDIA. PRESS, MINTO ROAD, NEW DSLHI AND PUBLISHED BY THE MANAGER OF PUBLICATIONS, DELHI, 1971

Where this provision sits

ActGeneral Insurance (Emergency Provisions) Ordinance, 1971
Section16
StatusIn force as published by the source

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