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Section 116: Power to exempt from certain requirements.

The Insurance Act, 1938Central Act · Act 4 of 1938

[(1)] The Central Government may, by notification in the Official Gazette, exempt any insurer constituted, incorporated or domiciled in [any country or State outside [India]] [from any of the provisions of this Act which may be specified in the notification] either absolutely or subject to such conditions or modification as may be specified in the notification.

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[(2) This section shall apply in respect of provident societies as defined in Part III as it applies in respect of insurers.]

Where this provision sits

ActThe Insurance Act, 1938
Section116
Marginal notePower to exempt from certain requirements.
JurisdictionCentral
StatusIn force as published by the source

How this provision has been amended

Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.

  • renumbered, Act 13 of 1941. . Section 116 renumbered as sub-section (1) thereof by Act 13 of 1941, s. 63 (w.e.f. 8-4-1941).
  • substituted, Act 47 of 1950. . Subs. by Act 47 of 1950, s. 60, for "a Part B State" (w.e.f. 1-6-1950).
  • substituted, Act 62 of 1956. . Subs. by Act 62 of 1956, s. 2 and the Schedule, for "the States" (w.e.f. 1-11-1956).
  • substituted, Act 20 of 1940. . Subs. by Act 20 of 1940, s. 17, for certain words (w.e.f. 10-4-1940).
  • omitted, Act 47 of 1950. . The proviso omitted by Act 47 of 1950, s. 60 (w.e.f. 1-6-1950)
  • added, Act 13 of 1941. . Added by Act 13 of 1941, s. 63 (w.e.f. 8-4-1941).

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