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Section 23: Delegation of powers.

The Insurance Regulatory and Development Authority Act, 1999Central Act · Act 41 of 1999

[(1) The Authority may, for the efficient discharge of its functions under this Act, by a general or special order in writing by notification, delegate to the Chairperson or any other member or any officer of the Authority, subject to such conditions or restrictions, if any, as may be specified in the order, such of its powers and functions under this Act, except the power to make regulations and the power to register an insurer, as it may deem necessary or expedient.]

(2) The Authority may, by a general or special order in writing, also form committees of the members and delegate to them the powers and functions of the Authority as may be specified by the regulations.

Where this provision sits

ActThe Insurance Regulatory and Development Authority Act, 1999
Section23
Marginal noteDelegation of powers.
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.

  • substituted, Act 40 of 2025. Subs. by Act 40 of 2025, s. 94 (w.e.f. 05-02-2026).

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