~ "{lo "tto ~ o-33004/99 IR~~ chi ~he <.Ga:-tette of ~ndia ff. I I SJ No. I I 8L __ __ _ 3-ffTTUTTUf E.'ffllAOHDl '.'A RY ~Ill- ~ 4
PART III - Scclio11 .t ~ ~ ',l<hlf~li'I PUBLISHED BY AUTI IORITY =-=========== ___ .,. __ ..
~~, ti •I Ac:1 1{, ~ 31, 201·1~ 10 , 1933 NEW OELIII, TUESOAY, MAY J I , 20 11 /JYA ISTIU IO, 1933 ··--- ----- - ·· -- ..
"?Oln fct f.t q1 Qi:f, ~ futfim ~ ( mmnTT ~ <fiTilTTTl er; ~ :;ffi ::,,"orur -.i'r m;;RT) ~ , 20 11 ~ tw-oac:: , 20 'ITT , 20 I m. "fi. -a:rr.fu'.ftr."OT. l / SS /2001 .-mr:n fc)~ 3ltx fcrcBTT-r ~or 3ffufrra0 , 1999 ( 1999 cnl 41 ) '$ ~ s"c1 - - 14 0 i';r 26 in- ·x-1 1:?r ¢?,,i 0iTI f.r.:m. 193 s ( 1 s 38 4TI 4 ) t tm'<:0<'!" 1 1 4 ~ it \3'~ l@-c;Eh; (?.) Z'ii &~ (j~ ~.fl) ~ ~ C:u ~rl~t'ml. ~ mD7T ff , ~r=n ~~f ~ $ C[{fl,~f ·-1~ ~ ~ f.i-'---1 fc.i rt.kl fc)1?m'q 6f~Tt:; V1Ri ~, :.11 l'.@:
1. mWf ~ft% 3ITT :mi'lf j ) ~ fuf:m.=rr ~ ~111 ~ cf) 3ITT ~ ~ (mURUT ~ ~ ~ ,i½l9c'1rl 3ITT 3ITRUT $'r mvRT) ~ 201 i clf6I '3T l~ 'IT .
iii ) u ~ ~Nc,'c!'i ~ ~ -Pd?i,~ ~ ~ c.,'it.qf.'llfi w, ~. ::Jf1 ~'flqT;1)'T .fi:--11 Q:,:,1<{:"'Z ( ,1e, .:.; .. '),_7,) -3,'fuf~ 1972 cBt qfzfu $ '1flffi 3i"RTT t' ff'lfl "frrtITTUT ~ ~ tR BTi m-rr I 2) ~ ~ ~T ii ui6T (fq) fit fR'lf '$ ~ 3Rl2TT ~ ;, rn:
3T) '3Tfuf;\,:rq ' ~ "fl~ .ftt:rr ~ . 1938 ( 1938 q)J4) ~ t 317) 'mfucn~xar' ~ ~ <it9·1 Fc)f.lz-111-10 3tR ~ );nf'-l<nRUT ~fu fflP-l, 1999 ~ ~-t~ 3 m 3-ITTl@ "f~ -.fT91 ~cfj .yp fcfc-ITTf! ~ ~ ~;
1993Gi/20 11 (I) Tl IE GAZErn -: OF INDIA : FXTl{J\(){{()[ ARY j f' ,\ I( ( II ) S 1 C ·II = === === =================---==== ~) ' t-'ill?f fi:'!f0t ;{t cw1P-J n1~ <fMr cpR~ iv ·<➔ 9 1 4c+-l JJR 3f(RuJ ,f,l ~'twn cfi'l ~111:1_ <11-z;) ,), 1.J .•1),11;1 xl 1:1n,1 li.71~1 ~r :{ f , , ,:i;\ ·~;!;~:,• ·:·•;1/,'t ;i~T;fl :,1il"1f-~ -;: rr1 195G i), r;t~i-,:\<: 39 1-3'cl :\; l, ,'' ,;-:-ir~ 1;( -:r,; 1)+! 31h' :\l\f\!lf ,!,) nt,1-11 ,:'! ~· ,,H <~!? ,.;(1J4ZPi 1938 ), q j~-c1,tc; 37i:; ,) ~l rtf!'TI ~lft t l( 'i \'T,,'f ,;l:f;'- •hit -ri~1)' ~! ilr,q:t t,\\l hf\(lj ,1,-dt ,i;tF!t Jrl{ trrni11.;\ ,PF!! t ~,Jl ;ti!fT ::nh"lt='F1TJ 193 tl ,)i qt~crt;~ 2( 7)1;
i') .')l'll lfl~·•irtitl '•i:ir{®T ,~fl ll ,i ,TI -H' ~.
i;'I 'r:~ ,lriRTTJ <Fill ;.,fti~ r rf>dt' ,7 11Rt1,f ~1 ,j;q--;tr ,>1 2-FTT r.:::- j;::rfu-r Z! J 01 Wfl~;:, \f\? 3icRUJ ,f,) n)vr.n $ ~)fffTfll mi'!FlTf "!'11 11 <liT-/l ~ h'. i), G\1 0511 ,r,) ~~i:1l t1 ,r;~in ' ;111\ 't'. ·!cii ,T~t efJTrr ,i,;:rf' •:l d-;-;-1 1:t ~:nr Q,cr-~ ,'1 ~ 01) fir, zri.1r4-m 3/k 3imu] iJ';) crtvF11 0, Jrerti ~0 !1·;1~1n .ft-.-n ,N~c!F' ,);
-1fj1,=1 ,1,1 0Tfi'prth·1 ,i-;~ilt ,
3.
i) ~ cfi1 ~ ~ ~ qJC'fT ~ (ft ~"I f1 f.r.__F-J) , <$ 3ltfh zitvHl ?TT q>lllf~.-, ~g Simcn !R'{!Jc/, BT-fnmul rii('lf r;-en 't<RT mltR,-;U[ <TTT ITT=IT<1 lcli1:; vl i\n) ,r\, ,'-Pic1, \1 l~f 1Fffc:T , l-~ <'f!nci tftvHl '!.ft '4vft 01r-ft % fvm"ii ~ fq-f.'rarn ,t, ~,,prJ 4 <PH ~fi)ci ,,j;.-ff,'1(1 ;:;1 i.-Jcf,Rf ~llfi'rrl sl.
~ fci f.'mrn $ 31iirfu l-F-itl-; .:ll\J'Fll c:fil m~ ct 3ITT1"9' ~f!)c;., ct q~i:lh i_( j <b iTJt1;:_~tff f1,.'/f ,dll.;1l T:
d;JTTT ~ ~ f21f.P191 ~, JT~'l·1 <'I)r-f, '!.ft ~f) G-iT 3fTT1~ -;-,ti cf5T vrrc;rft mi~i ,n~ 1i mf0<n\n1 ;i;)- ZPJ ?- TT}, ( 1) ~U-ff ~PH ~l'O: ,J[ffld'J ~:)H ~Fi m ITif;jf::, 312fQm ;.:,fF:ilf fclf:11:!P.f<'n ~ x'r {n1'f t~l 1i) ---WTc/f ( '.:-') ,,}r,iFII f~tl 3Fll C"l I',!,, rmum 3-F' i<H t~f;crz:rrii qi! 31:;~f W q,\ @ -g 3T2.JcTT ( 3) til'3FlT, qji;_~mt 'tl lxcl'il ~ x I c; hrir ftkl i'j ~it.-fr -~ 3l2Ji:jf ( 4) drvRT, ~r:n ~h rm· ~ct ¥14 rr~r0qj ;rgt i.
1) mvRT ct cn1<1Fcrrn ~ , ~ ~ cr:i' ~:i- ~, 3Hilc8 ciit (fR@ x'r q;-q ~ q;-q ~ ·i:m;-~ 3!~ ~-i $ 3TT\lm cm-~ +l,-tH, mf4cRUT cF.l ~ ~ 5rft ~ ~ 2I ~i919c+i Wx 3-RRUT cf5T P.~ \"f2TT ;:,~ cf)RUlT cfi't ,rm '{'2cifc 1wrr f;_;9fc.i ftr(]' .C:-NG1-::1r ~ ~{ ~k~cf, ,f,~ 'cfR- 'tH'.'. ;r91furci i;rfc'mf mfUchxUf cm- ~ell~ vTRI d1 1A- cp) qRR Ji2rcl1 ~ cf)T i:m't~, f~1 Jicrta- ~';Cf ,Jib 3icRuf c,fl) cfilllfFc-lri RPm \JlFl1 .\-lfolMci ~, ~) ~+r 'H~ 3ITT ~,.imUT ~'f ¥ 1.ff~ 4l91q,rlf 45 <TT'7f ~ 1$ fRU tj gm lR, vTT fct- G!Trn ~~ 3TT~ ~ >-11f~r (m,:n ci-i'if.rdi ~ fctlfm ~tvt: dR ~ rm~T RY'lt 'c¾rr-z cnv,T) FctRa-i:, , 2002 ii ~7@enr=f tj ctaR fux:11 \JJRT t , -r) F<hl1<1 f¾fh ITTR, 311~ m ~- 3ITT f-1TW ('i~T 13 rr{ 2010 ~ ~ ~- 3ITT; 01R it c:;/c:; TTr it ~./m 3ITT 3W,/ ~ 3~ r;z.r m / 08 1 / 05/20 10 (f2I] 3-TI~ -eft ~ 3-TF' ITT)t ~ q5B ~ ft4eft ~ cT2TT ~'(l.>1 ~RT vITTT q-)~ll-~l i:;ci \~ N f.1wucJfadi ~'f qfu-r,1iwfi', ~,iy 3lh ~TTUl;Ff ITTAt,=r ~1 '1ft ;:mi'rR 'g-_ P; cf?r 1rJ ~ 3-llT~TT3ll <$ 3-fjfltf MT~ fcnm llm ~1h:r~-P=r mifc;
ci-) \:-H~c'f {Pi l9c+i 311~ 3Rl''.u1 ~ IBir-~, vlT ~ ~ r,ftrn 3~ m cti::rR rm l ~ 61, \if[ RP m'ti ~ ~m ~ cB1 ~ ~ c'lR ~ ~ (7Q1 cf?ltf '1ft, fcITTfr '1-fr ~ . 'ff91~'fr-l Wx 3-RRUT ~ '!1~ fq,~fi 'i";- q~ ~ w~, cll 1cix, 1ftQ, ~ \'r ,-fc/~~mm, rn f<),n il@ ~) q'ff~rrft UR¢1 ~' fg&cht ~ffi ctt ~.ft, %lf ~ ~cfJ Perre, to) C'TPJ, fc'rfum (cfiFfTT) ~ JTjlffm i:r-z ~li funtj ~rftm1i~m 3ffuf.'m1-l, 2002 (f2TT iNrITT ciwr:r cf)T WTT<t~T t-~ <T~ ffq'i {f)fi'rcr ~ t J 2) ci~: (;fl) ({n) (!\? fl (il) 11 ~<'I Uf Fl - lR 1~mt Til:'.TT {ff,{f~ ~ n-Wi cti {i,:'lf i)' (1 ~'11 q)rr,Frf J TTtITT ll,.' (~mx ~I.!
,,11011, ;') f:'l : r{1 fzl f~I ,) , ~1c1 ltm, 1:,~<I {➔ \.'lT CTTl1 ~li:"f j,) ;!)n ~i:' c' 1ic' , f\' 11 (2) ;1,-lt;Efl l lc'Pii t~ ,1,t J l --- "f-'1011 ll~iieli1 f~,tl,[ "f".?.c:~·l '. i._:Tln, s) mfu<ITTUT~ 1,1rn,Rla ~JvRT~ f?rlm~vl'RT~mz=m ~l.ttiRlq, ~~~'GIRT.
6 .
1 ) '\ I ;
ii ) 2) '.lxi'fTt<tl ,:;) ,~-TT i'f~ ;,i f?H ,,r::trik --·t l! C:Fl ;--i,x;➔ {4 tki '...1f2P i, l'l ilf\.TT -.:tr, fcITTfr -if\ Til:RT , ~~UFl'CF'. <ll i.~ lW) Ti 1fti11 w l ,11 , ( ~1· lfR,t-itrftrni t~,~ ~=i r>n ~,)~l!;f4 ~<l ~nl4'A t) cr;r {<Rf~ ~)ym}i<1 , ~-q;:i ,h:<H {Tcll\i1 -~;
m~ ~ ~.t; ifacn ~~ ;i~n µ 1!'?1.:fi'xll l i::IZ! 3Jt) l~hT ~T{t, ~{) 31~lll lm cfil' ~~ m q~ ~ 1~h >1rf~1 3fCl~ fcl f:rmrrcp 3-l~~T <)i!~iC; ;:;H'l~ {F1::.1d1 M. \:J'1 ~1<71 llx 1:rra 1l'ila a1vf ,'f1 ~ ~~rtfcicr, 3fjl.!lc8 i::r<.r-, c1R {-f <'liciT t f(JJ ;:-~ cIB \:l~ wrnmn ~1.
~ -nt ?;~c!i 3-f:fTT c:·;, TI·::T-"f 'i.lR~ \lYl! 02./ l ~ J.l fuf.i (.j·i:J 195 6 ~ - 3TTfl['(I ' ~2H c!iT <-TI"f::,J' ' ~i ~ ~ l!/}0 cf>t :--Ul~ en! 3f::J;~c."""1 ~ t ~ ct'l' Jrclfu $ C:'lxFI m1~';~~Uf vH> ~ 8;➔ ~ (q; ) ~.fi ~) $ tm-n' <Ft ~3:x,~1 ~~® it ~ 0:>11 (\9) {~ ql}J) cf;1 qfu,n:i-fum cFT cm--J~ fv:r-Tii 3Wmrc:r,~x Ruffu=r ~ if ~l~/ ITTlC: l~ c.fFll ·1fl ~rr11IB ~--m fc:11.; x-f V)cft;'R llii !I'\ ;.;1,m m~FlixlT" vr-:-,,'t ,1.-:h ~ \-fTTI,q , ~f t:o 3f~~-f1'7 e>lfl,!, cITT fl'imTT t I 3f--"ctf~ ~ 9, ~-~, &i qi}! w,~a c'l{?] fqj ~ tiR"~ . .ft-91 ~ - 1938 ~ 3ic'rfu ~ 7Ti::; ~ n2TT ~ ~ vrr,~ ~~n- f¥frrt if cfil' TT-{ {,,qt 3111em,1 ti~ f;i ciq1Ra ~ '31'@ g-_ 7 . {l ~ i fa 4i ~ 'QGR ~ <fiT >flTTcT
2.
4 .
~1:s:;i Pt cJ • -::.,_~-c:...; ~er.:; tl·l G""-< xiu.rqg:'( q1;,1, ~\~a T.J7"::-i ~ i i qJ~,l c1Fc--A1 s-:-r-rcJ i7 1, J;m~DJ '2fi .~-... ~ a cr,rm~ <T:>..ff W ll <T6G' %1 4'> JC<-4 tAl.1Rc: cnT<nc1a 11 ,:;rJ-iT Jfi~ x'1 :4 6~, ~.:, :.-i K1<--ii U)~ xi'"""-'-;~ oli,.11 ,,,c; ;Ji-'7 tin~ tj 311T -~ ~ '1frc,r.TT ' ~ ~~ ~ mfi ~ C: ~"(11~'111 ocn ~ ~ $ ~ cblllfRJlFi ocn ~ ~ ~ <TT~FTT ~ t tr~jfc'rqJ 31:19';c;: ;cr ~rc;;.i ~ ll~ <l1"Fl'T cbT 3l j '7,:C:-;llU #~fW1 ;-I.! !Zf."flZJ / tt-~ (3TI8cfRUT) WI~ f<1"1\ ;:;fT1 ~ ~ mf~ ~ r ifi ~ ~ ~mr ~ ~ ~ cr,q n cpq ~ ~ ~m (1"2TT ~ '{~ ~ qo, -q t9crcrFl $ ~ &m~ c.f5xc.l l(! ' II 3ITT ~ >ifull'f mfu-<RDT $ 'ClIB ~ 1 cfil ~ ~ 3,~ ~. llft 3TTcf~Ucn ~' m ~~T ~ fcn ~ qo, cfil' ~ ll~ ~ -q ~ $ \Yl {,,qt RclR-fi Uffih<TT crit ~~ vITC! iJl1 fcr> ~ ~«-11fcla -HUJ c.161 >! ~ ~ ~ 'lit ~J.114id <m wmxuT ~ q'ffffift m 'm\Cl'i i ' mf\jqRUf ~ ~ cr> 3TTflc;,l mR ~ qx ~ $ ~ c.:..s1c1x q ~ 3Rl 31q~@ fc1~1 31:fl~T cf>1 m11 ~ iv ~ ~ ~ mif f.'l1.-.1~ft:ia cRll ~TTPiR t q~ ~c!t Mi mfiia ~ t -- ~ 3TfuR"uq, 19 5 6 t ~ 39 1 ~ 394 $1 ~f'cil ifi ~ v:rcn:2TT ~;:r, cfil ~ ~ cfW ~ (.-lllll l<:1ll) 0~ 1859 m 31tfR {,'l.ft 31"Q&n3TT m ~ -9' ~ - rn-'1f11 (~ m -(~<t; iRw, ~ mE(f) <t>-'t ~ ,3 '!: -c:I •--lwll ':"1'-1/~ ~ ~ qwTl, ;~) :.;;~~2-;~ r 31 :!1{1~~ ~1f< ,r:11 t=' ., ~ 1.r,1:\ clw":r Zi> ~ ~ tT::i, ~ ~fl f.m~t ~m;-::r &1ti 1'1~-TT ~ ~ ~ ~ ~ ~ - 11 ) Q~ t:Jl9ciI 11 '0IB1 cott fc'lc:~fr ~ ;:;;m ~,qt ~ rr ~61 i fi iTI?rn cfir<lITT ~ fcrR"uT9cl5 TI~- ,,ma ~ 3fj41~.:r $r 3lFT~<fifi<TT "ITT, o2TT .
t:i) ~ zffiT ZnR mR 3F'1 ~ mTI ~ ~ 'l{ffi\'l~ ~~ 3-l1x AA4U mi (tr.ft) o2TT ~ mcf<l'~o 3WWT ( {fl ~ 31~) m ~ _mf?rc;r t 4 THE GAZETili OF INDIA : EXTRAORDINARY I P ART 111--Sr:c. •1·1 "0iti~ firf.rnq) t ~ f<'rf~-:-r !.ltornrti· tifr ITT~ c-WH ~ m71'm f.?if.'irrrM, !.l1ii1 ,1RUT1 ,,1'n ~;r,;itm; ~ ld<T/ Jn'U cITTU! (tt'"'J-id ) f ~ c>t11p:l, 3JJ111~~ 1-HR' ill q-, ,icZlcJcm qe1 <i)0f· fl in ;_1rl~'l JFf!k.r;i )i /,~l\; rnl~Jcl1xU[ ~i ll l, l ,n[\n mli'r<!ixl'l {\f;)"l~-W(l </)~•n fQ , 3if~r \!'I \l 3-1]'{1~ ~lvFTl ~~-n noi J!ll~ f!-31! Jih ;]ell :i; {PTij"{H! t ,ij) fcl) Jf."71 mP mf0,1i1!zrn i'.'1,1 C-ITf/y11 ~\f::_(c1k 7 ( 4) ch JT:_{flN :11 ,r.rr !0f1,w !in ~,1:i•1k:-r J;F;"FI lf>~l ,Fm C"Ffnt ;:;n ,frfi"d1 ~'11 9 . JITffll 3~ <ITT wmr \Ht fHlfl ;;J-!TTT qiJ,loIT, rf11 ffl·ll1TTn 3li, ;_{fmUT. iJlHr fc}; lllwll ~ q~5f~ct t, \:l"H R.:ritn ~) ~·i:m:ft mT~ vit fit mfucfi\TIT ~! t l) CiFTT 0;) :\T/'i'Fl 3fj 'flc:;, ifC:1·1 Ji~~ {ll-1U fr) f.rr~~ <fit vlTl!1ft
2. rii,+l l ~WFll -.J~lcl) t'lm-1 ITT~ \' Wf ~) qj~,TffH ,) 3fR i/il r:Tl,f\N cf,) 3-it, ~ m~)-. ,;:r n, ~rl ,HT 3T~fcfl ~ gfq\'.~Fi {'fr7FffiN,t:>ill <fl 111cnillJrt mn ni~r t) n·ift ~l<R -~ITT<'l>l qffm:fiui~ TTQff .}f,xl ~~ 3n\ i;:r~ ~,~ r.fiTTfcnc'H3TT $ ,1i.:f-mwn ("i~ fT ~f 6\' ~ u:rfa:i q~ ~ b'111 ~rcF! f~ 'l1f ~i3T<@ t oft1w@f ~3 IBi'tl if cni:t -3lfiT<f>r, 3 12.fcn ,1i1t bm1 i.
3 mvr;:n <li m~rcn q 3lR UTT~ cn1 am m=! c=nimr ~ Jia~DlcfJrlf 4191cfJrlf 4TT "x1'1ft fiimmT ~ 3TTffi7<:TT ZffiiFIT qjf <flR1lT a~.rr m=r~: i;w~mf.'!a mi=rr (7((), ~ 31'h f.'ifto 11Rt vmMt om ~a~□ 1<Jiaf ,ft91cfJc1f cf;') "x1'1ft ~ ~TvRT ~ ,nRUT ('!Qff ;:rw1 ~wmrf~TI TT)91 Cltf) Ji-ctfuft <ft•flcwf en) ,j~a -i:iT;.f'r vTTC,rrft 3ll\ ~ tUrn~ r1 vTT#l 4 . \.lfshrn !J_Uf f l~ Zh· ;qr~ ii rr=rrm~-LloD 11 ~trRT 4;1 ~Nii~FT (<:r,rr ~f cn•r ~,r; \1s[1cr ,~f:rr; \l:'-fT (,'cT, {~rr:mr ~1 111-<m rri •'i Rn~ i:m,m mfucfJ-~ J:1' t:fif~<'l' "$t vi ~ft)
5. ufu ~ m mcim~ cfit c,TP;(, (()\~ 11 <TT!~ ~ Jmft t ITT mftlqix□f' 3TR~T ~ ~~➔ r.r~h1 vi~ rm ~ t vlT 0 <nJ%-;,~a) qiJ ~.' ·Bx'1 ,)i- ~\; 3f:!f7TT cW] r) &vfr fl f;;.1 <11 ~ ZR) ~ Wfil ('1 .
G. mircfi i;:rc'/J~Uf ~i i'lv:TT 3-flx fi::)1fFru) ~~ fc'lf.imr,qo ;::itnn ~fttmmr ~) (~i'i, \Ml ;l)rn~r:1 :rn ~V1cll{~K1 9F.}; it aiH i:i m(1 ~ i:; , mfitrcITTu1 ;_1Jlf;)' ~ r .31:f·M~a chi vf8 cm;fi· l!t \JFn ~ ~nfrr<:'r ,:irmn CJ'TT cr,11,f.f,m ~n ~i~~-r if ,iR•~ '{!JTil vffT zj R<i1 ".jff~T en, ,ffcnill t I ~ ~ dJ ~ JITclc;-1 ~ <l51 uh4R1·1 cp 1m; ~crq) xi"~Yt:11.._ - s:;~~ -;.-;--'1 ,<fti:rr ~ q5 3Tt>! fwfim ~ur m q~ -icr J~R-i. ~ - lR ~. fcnm JlJf1mff ~~ ?;RT ;:jf~ ~ ~ t ~ .:r. ~fgm ~ n 3RT ~ ;:;nzrrr.
r~ ~1.1 cf-f -2i- 1111~ZITT't;J ~ qrn ~~ Ql" ~T ({)-{cf[ZJT \Jll~ t '3"fRt ~ c[1:f ~ "™ ~'Blx ~ fff2.!13TT ~ 'lTffil q fh't fc;ii&\l ~ {l~ mfi:RTq ~ ~ m{f~Tff cfiT ~WT f%ffiT t~ ~ xTT1 q ~ lTTrrT vlT TTn ~ 50 C'!T8 ~ ~111 3ITT ~ s ~ ~ mrrr 1 1. WTTT:
~rfk:.,~01 w=n-q~r-q ~ 3m~ ~ 1:f-=.t clTT ~ftM ('!Qff m=r {1x ~fi J:iR~r ;:JITTt ~ cITT qTTzf zr~rr ~-f'lfcl' ~fioa ~ <fJB'! Jtrx zicZF'f(R cFc71 q~, IDTQcITTlJT ~m i:rf<fr 1r{ vlFfcflTfi m 3-TTlUT i.lm 'i'ci 71°C; S,l;!;:rr ~ \3m ~m@l ;:'-t 'l: vi(jR mt cnrfclr{ ~ rnf<F mAfwT cITT cITT<f zr~mfhi ~ vIT ~ '{i'il9<1-i ~ 3RRUT <fiT ~ ~ C: ·h11c1vl $ ~ $ ~ '9° vll-ictil.ft ~. m ~, 31ui2..{ ~ - 111 14t! 6l!! 11.:i:rrn l ~
2. Wllclffx cnci l 4ffi $ f:!t~rq; ~ 4'> ~ ~)~-~<Wt qRq <1i ~ \JCl lC!" vlR q]cq cw,i:n qi) 3l j 'i~ ~If[ rim til . ~Fr4'> qTTUWf f<R"iq ~i:f flutcf~R ql;JT 01 ~T q t1ftcRR 31WTT 'l'.fml' "q;l ~: arnr~ 5 3 . ~fu.r4n--:: q~r ch1 mURUT .ltcFn ~ t;qi fcr ~)-q TT~ ~1 ~ . mvRT q ~~ Ji?Rur ~' 3TT'). i>l ;:,1;) i); 31q;1 Jnnll ~) ;;ir~ 1'j ~'l<'N'i.ll,C:4,'i ~ ~~ 7fl7 ~ tr'll q,] ~ .
4 . • 5 .
r-.
7 qrf 2fzt1 £ITTQ5), ~ c;T xT TTl'.11 / 311'1cTT \~'( ~ q~ $ ~ ~) fgm <tr \~IT ~4-itft ~RITJ L1!~ 1n {f~n cf, f.)~~rcr, lT6\1 <tiT TTftRT c'le.rf m~ ITT~ ~ITT cfn ~cnl i i ) t1FTMi1 ~ r;n <t ~f6f~1 :c) .iR.r f~f.'mPTcrTT ~ ~ ~ tR - ~ vf~ 0F-'T fcrfmrl:f<fi1 ,'h qm ,:f.=B Cfil~~ 12'\,zn •1m 8 . ~a.icw,,::4,7(ff q~ ~Fl ~ 1tITTUT ~ r:r? qiRl~, $ 3TITTUT/~ <$ {i.fq q ~~ \3Zk /31r.lc;R (~~c~r-, ) <RR
9. ,3i-(1RR cf.R! sfR ct ~ ~~;, 3ft, 1rcr4~, v::fcff~011 ir; ~~ ii ~m UITT5 cf.m ~ qjli 6't m 10 . ~10.~ q?,IT $ ef\1,Tcnr,11.n-'1' $ yJJ~ Ii? ~ ~ . Ar;iit q~m. ~Weil~, (f~l ~TI~ ~FT f~ ) mf?JM" m 11 . 'q,r81 ~ ~ · ~~11~~~11 $ 31::p=RCTT ~ ~ rc:1 ~ c:R'1-'!R ~uft Cf)[ d JFchcN cf)\ITT
12. fuRuT mfdrm /rr~ c,2fi ~ll'l'..91~ccJcB Ii? }f'qfq q)l ~ 13 . g;:i~i:rr ~ t~z:i1 f!~r ~ crITT~ c5t Wffi -3ITT m-mTcT $ fem~.
14. ~ ~ Ii? ~ cp1 WTTcT 17 . ~ 3f-=lf ui l'icrl~, RrRm ~.~'PT,~ cnT ~-~ ~ ~ c'lcf), ~ ~ ~ ~ INSURANCEREGULATORYANDDEVELOPMENTAITTHORITY (Scheme of Ama lga mation and Transfer ofCencral Jnsura ncc ·Busin ess) Regulations, 2011 NOTIFICATION Hyderabad, the 20th May, 2011 F. No. IRDA/Rcg/1/SSn0l 1.- In exercise of the powers conferred by clause (zc) of sub-section (2) of Section 114 A oj the insurance Actl9J8 (4 of 1938) read with sections 6A, /4 and 26 of the Insurance Regulatory and Development Authority Act, /999 (41 of /999) in consultation with the Insurance Advisory Committee, hereby makes irwfuilcwing regulations riamely;
J. Short title and commencement I . These regulations may be called the Insurance Regulatory and Development Authority (Scheme of Amalgamation and Transfer of General Insurance Business) Regulations, 2011.
2. They sha ll come into force o,, tlie date of the ir publication in the official Gazette.
3. These Regul atio ns shall apply to all general insurance companies other than wholly owned . Government companies which fa il within the purview oi Cienerai Jnsu rance l:l usiness (Nationali zat ion) Act, 1972 6 THE GAZE"ITE OF INDIA : EXTRAORDINARY l. Definitions In these rq:11Li1ions. unless the conl c:--:1 ll lhcrwise rcqu irl's:
a. '/\cl' mean~ chc Insurance Acl. 1938 (4 of ]()38):
h. · Au1hori1y · means l11 s11rn11t:c lte:-:uhlor:,' and lkvc l\ll' llll"lll 1\uthori1 y cstahl ishccl u11dcr Scct ic.m J of the Insurance Rcgulalory and Dcvcloprnl' lll /\ull10rit\' ,\r r. 1999:
r . 'applirnlion · lllL',rns application suhmitlcd to lhl' /\ulhorily along wilh proposed Scheme as ddinl'd hereunder:
d. ',1ppoinlcd date· means thl' date appointed for purp()Scs of giving cllcct to the sclwme of a111algmnatio11 ,111d 1ra11~fcr of gc 111:: r;1l i11 s11 rancc busint,ss:
t'. 'merged cn1i1y · n1eans the resultant Indian lnsurancc Company consequent upon the implementation of the Scheme:
f. 'Schc111e· means sd1e111e of amalgamation and 1ra11s kr formulated under Sections .'l9 1-394 of The Companies Act, 1956 and 1101 gc.1vc r11ed hy Sec tion 37A ol'lhc In surance Acl 1938:
g. ·transacting parties· n1 ea11s the tr,111s fcror C(l111pany ;rnd th e transferee company which arc · Indian Insurance Company· as dclined in Sect ion 2(7)A ol'the Insurance Act 1938;
h. 'transferor insurer' 111G111 s the company or co111p,1111es. which would trans fer the undertaking of genc.:rnl insurance business under the Scheme of amalgamation and transfer:
1. 'transferee insurer' means the company. which wou ld acquire the unctenak ing 0 1· general insurance b1isincss under the Sd 1e 111 c of a111alga 111 a1ion and trans f<:r.
J. Application to he s uhmittcli to the Authority I. Every proposal for implementation of the Scheme under these Regulation s shall be submitted by the transacting parties to !he Authority along with the drafi proposed Scheme contain ing related information as indicated in the /\nncxure to these Regulation s.
2. Every Scheme un der th ese regulations sha ll be irnp lc mcn tcct only a fter final app(oval orthe Au thori ty:
Provided that no Scheme under these regulations shall be approved if i'., the opinion of the Authority (i) the available solvency margin of the merged entity will be lower than the required minimum regulatory level or (ii) the Scheme is not compliant with any other applicable laws and regulations or (iii) the Scheme is not in the best interests of the policyholders or (iv) is not conducive to the orderly growth of the insurance sector.
4. Notice of Intention I . Every applicatio n for irnpleme111at i n of the S.:heme shall be preceded by a notice of the intention to make the application at least one mo th before the date of app lication, together wi th a statement of the nature of the amalgamat ion and transfer, along with the reasons therefor to_ the Authori ty and certified copies, fou r in number, of each of the fo llowing docu ments shal I be furn ished to the Authori ty:
(a) a draft of the agreem ent or deed under which it is proposed to effect the ama lgamation and transfer;
(h) balance-sheets in respect or the insurance busin-~ss of each of the insurers concerned in such amalgamation and transfe r, prepared in the form as indicated in the I RDA (Preparation of Financial Statements and Auditor's Report of Insurance Compan ies) Regulations, 2002;
(c) Financial Condition Report ; H3NR Report ; and Sc-lvency Statement prepared in conformity with the requ1rements of rekvu:it regulations and Circulars issued by the Authority, includ ing Assets.
Liabilities and Solvency Margin Regulations, Circular No. IRDA/ACTL/CIR/MISC/081 /05/20 IO dated 13th May, 20 l O; and Circular on furnishing of IBNR Reports;
(d) a report on the prorosed amalgamation and transfer, prepared by an independent actuary who has not been proCcss ionally connected with any of the part ies concerned in the arnalg,1rn.1ti o11 and transfer at any time in the 1hrec years pn:ccding the date on which he signs his report:
(c) a synops is I ex ecutive sunrnrnry of the proposed transaction, and the tern1s on which such transaction has been contemplated;
(I) a report on the manner in which the interest of the policyholders will be protected; and a report on compliance with the applicable laws, including but not restricted to, the Competition Act, 2002 and the employment laws.
[ 'WT I 11--~ 4]
2. The bnlnncc sheets, rcpo11s nnd nbstrncls n:fi.·rrcd 10 in clauses (/,), (c) ond (d> shull be prcpnrcd ns nt the nppoint<•d date, 011 a pro-for111a bnsis. These slrnll be (i) audited f1111mcinl statements most pr11xi 111a1c 111 the :ippl1i111cd dale and (ii) lalt'SI q1 1a11er's unaudited fin:1r1ci;1I statL·mc111 s.
5. Conshkrn lion of p ropos l'd Sdu•nu· b~· the Aulhority und gn111h11g 'in-principk' npprovnl.
The AuthMity may, at any time priL;r 10 granting final approval lo the propm1·d Scheme. cause 1111 indcpcmknt actuarial val uatinn of the insurance busi ness (encompassing the ,1sscls, liabililit·s nnd solvency position) of the;: tra nsacting par1il'S.
6. In -principle npprornl h\ lhc Authority I. Th e .1\u1lwril\' , <>11 br in g. s.i ti sficd 1h;1 1 !he proposL·d Sc heme is (i) in thl' in lnc~ts of the orderly growll1 of !he i11 ~ura11ce scctnr. ;111d ( ii ) () 11 ro11/irmatin11 111" co111pk1111: c 11·i1h any rcquircrnents as the Authority rn,1y deem li t 111 th <.: C(rnl n t o f' i1 s rrgula tory 111, 11 1dat c. may gran t i11 -pri11c ir lc ,1pprova l to th <.: proposed Schcrm: subjccl w such condi t ions as it may c(111sider appropriatr.: .
2. While gran1 i11g such in-pr inciple approva l and duri g the per iod pri or to the transat:t ing part ies n:ce iving the Court approval fn r the scheme of arrangcrncnt under the Compan ies Act 1956, the Author ity may, if so requi red, impose suc ll rcq.Jire,,1e11 ts on the transacting part ies as it may consider necessary and app ro rriate (a) to ensure protec tion of th e in terests of the po licyholders: and (b) to ring fence !he assets of the tra 11sac1 i11g 1:111i ties incl 1din~ sl ipu lat ions for fil ing or information/ reports a t such periodicities as it 11wy deem fi t.
J. During the interim period, the parties to the Scheme shall ensure that th e insurance operations are carried out in compliance with all requirements of the Insurance Act, 1938, the regulations framed th er<.: und~r a11d the direc tion s issued by the Authori ty.
7. Effect of grant of' In -Principle' approva l I. Upo11 grant of ' in -prillc iple ' approval, th<.: transactin g parti es shall cause copies of the proposed Scheme to be k<.:pt open for inspection by policyholclcrs at the reg istered office and the main corporate oir"ice of th e irar1 sa(1 i11b pad ics, , , i1\.l :,iilidh.aneou .)i)' Lil <:: san1c st. al! be up lo2ded or: the ,,vebsitc cfth ·~ respective insurers. Such inspection and access 10 the documents referred to above shal l be kept open until the complete implementation ofche Scheme.
2. Upon grant of 'in-principle' approval to the Scheme and prior to the said Scheme being presented to the re levant Court / Tr ibunal for approva l, the Authority shal! cause a statement of the nf! t1Jr1; ,ind trrrn~ of the Scheme to be published in at least one National Daily and one vernacular llewspaper, copies of which shall be filed with the Authority.
3. Furtl::.:r, the Authority. if it deems necessary, may direct tha t nol icc of the appli cation. in such form as it may direct, be sent to every person resident in India who is the holder of a general insurance policy of any of the in su rer concerned in the proposed transa ti on.
4. Upon receipt of the 'in-principle' approval of the Authority, the transacting parties to the Scheme would init iate steps to seek such other regulatory approvals as may be required including but not restricted to - a. Filing the scheme of arrangement (along with the 'in -principle' approval of the Authority) with th e relevant Hi gh Courts/Tribunal , for confirmation of the scheme of arrangement in terms of sections 391 to 394 of the;: Companies Ace, 1956 and compliance with all requirements under the Companies (Co urt) Rules, l 959.
h. l·ili11g applications with tile F01ci;i.11 investment Promotion Board (FIPU) and the Reserve Bank of India (R/31) seeking requisite approvals, if any;
c. In cases where a foreign joint venture partner is also associated with the transaction, approval from the regulator in the relevant juri sdiction , if such approval is required; an d 7 8 THE GAZETI"E OF INDIA : EXTRAORDINARY d. Seek such other upprovals as may be nccessnry, including those from the Securities and Exchnn~c Bc;ml of India (SEHi), Stoc.:k Excha11gets) and Competition Commission l)ffndia (CC I\ .
S. Fi11al appronll from lht' Auth ority 011 cor11pk1ip11 ll l° the varilHIS processes i11dica1cd 11: 1'1c l,1n.:gPi 11g Rcr11la1io 11s and 11pl111 receipt Lif apj'rt>val s fhlln v:trious applicabk n:gulallll} aulht>rilil'~ .,11d 1hc rel evant Court/Tribu11a l, as applicahk, Ili c tra11s.1ding parriL·s ., i,,dl ;1pp1u,11.i, 1:,_ ,;..,,:"" ;,_1 fiir the fin.ii approval t>f the Sdi~·,n,_• The Authority wo11ld rns11n• that the ~d1t·mc as finally approved is co11 sistc11t with sllch rcquirc111cnts or stipulatio11s as might h ,1VL' hL'L'll im pPsn l l>y th c other co 111 pctc11t aulhllrit ics while according their rcgllb lory approval as in p;ira 7 (• I) ah<1\'L' .
9. Effect of finnl approvn l l. The arnalgamation and trans for of the general insllrance business. as envisaged i11 1hc Scheme. shall be effect ive from such date as shall be specified by the Authority ,vh:le granting it s final approval to lhe Sch~me.
2. On and from 11,c da te of the com ing into ope rat ion or the SchL·mc or any prov is il)n lh L· n:o f. lhc Scheme or such provi sion sh;il! be bind ing on the transacting insurers and al so on all 1hr "harcholders.
policyholders and other creditors and employees of each of the transacting insurers, and on any other person having any right or liability in relation to any of the transacting insurers .
J, On and from the dil tc nf the corn ing inlo opcra1io11 of the Scheme. the prop.:: liies and assets of the trans feror insurer sha ll, by virtue of and to !he c., 1rn 1 prov ided i11 the Scheme, stm1d transfe rred to and vest in . and the liab il ities of th e transkror insurer :; h:111. by vi rtue of and to the extent provided in the Scheme, stand transfe rred to and become th <.: li ab iliti es of the tr:::1sfcrec in su rer.
4. Publication c f Notice in the nc\l' ·· ~;? ;wr•· :~!l(,ul romp1,~iion 0f the pr0cess (at least one national Daily and one vernacu lar, conics ofwllich shall be /ikd wilh the Authority).
5. If any difficulty ari ses in giving effrrt ' " the provisio11s of the Scheme, the Authority may by order issue such directions which appear 10 it nccl'ssary or expedient ti.ir the purpose of removing the diffi cul ty.
6. The Authority may issu e such directions ,1:; ii deems fit, taking into account the facts and circundances ,if each case, its reg ulatory obj ec tives, the interes ts of policyholders and orderly growth of the insurance sector, in relati on to any sequencing of meas ures invo lved in the Scheme being approved by it.
10. Payment of fees for processing of the application The fees fo r the process ing of the application for an ' in-principl e' npproval shal! be j oint ;y 1cn1 it1ed by ti1c p:i.rties to the transac tion hy a demand draf1 iss ued hy a sched uled bank in favour of the Insurance Regulatory and Development Authori ty payable at llydcrabad. The foes sllnll be one-ten th of one per cent of the total gross premium written dire ct in Ind ia by the transacting entities during t11e financia l year preceding the finan cial year in which the application is filed with the Authority which shal l be subject to a minimllm of fift y lakh rupees. but shall not be higher than five crore rupees.
11 . Timing The Authority shall process and pass appropriate order on th e application for amaigamaiion a11d transfer as expedi tiously as poss ible, and the trans;icting pa11 ies shall ensure prompt respon se lo the queries and requests for inform ation from the Authority for processing the application.
J. IIARI NARAYAN, Chainnan [ ADVT !11/4/ 161/11 /E.x ty. ] 8 THE GAZElTE OF INDIA : EXTRAORDINARY !PART 111--Sl'C, ·II d. Seek such other approvnls ns nrny be necessary, including those from the Securities and Exchnngc Beard nf India (SEBI). Stock Exchunge(s) and Competition Com:::i:;s:on nf !ndi;: (CC!).
8. Fin al npprorn l from the Authority 011 compktion or the various processes indicated in the foregoing lkgu lations and upon rt•ccipt or apprnvals f'n lrn var ious applicable rcgulattll")' mrtl l(lritic~ ;ind the rel evant Cu111 bTcibuiiJi, <lS .ippli..:abk. th l' trans;1cting par!ic s shall approach the Authority for tile fi11 al approval or th i.: Scheme. The Au thori t\· mlll ld ensure th.i t the Schl'lllt' ;is finally approved is cnnsistL'lll with such requirements or stipulations as might have hern imposed by the oth er competent authorities while according the ir regulatory approval as in para 7 (4) above,
9. E ffccl of fi na I 11 pr>rovn I I. The a111algarna!io11 ;ind transfer or the general insurance business, as envisaged in the Scheme, shall be effective from such elate as shall be specified by t: ,c Authority while.: grant ing it s final approval lo !he Sch:: mc .
2. On and from the date of!he comin g, into operation of the Scheme or any provis ion thereof, the Scheme or such provision shall be binding on the tran sacti ng in surers and also on all the sha reholders, policyholders and other creditors and employees of each of the transac ting insurers, and on any other person having any right or liabi lity in relation to any of the transacting insurers.
3. On ancl from the date of the com ing into operation of the Scheme, the prop-::nies and assets of the tran sferor insurer shall , by virtue of and to the exten t provided in the Scheme, stand transferred to and vest in. and the liabilities of lhe transferor insure r shall, by viriue of and to the ex tent provided in the Scheme, stand transfem;d to and become the I iahi lit ies of the transfcrcc insurer. · :' .::.:l'~::!icr- :· : 'l\; (, , ;.:··· in 11,,,_ r, c•v,·:~ZlDcr, ;;bout completion of the proces s (a t k as t one national Daily and one vernacular, CO!i ies of which shall be fikd with the Au thor ity).
i:: If any difficulty arises in giving effect to the provisions of the Scheme, the Authority may by order issue such directions which appear to it necessary or expedient for the purpose of removing the difficulty .
6. The Authority may issue such directions as it deems fit , taking into account the facts and circumstances of each case, its regulatory objectives, the interests of policyho lders and orderly gro\\;th of the insurance sector, in relation to any sequenci11g of measures in vol ved in the Scheme bei ng arJiroved by it.
I 0. l'Rymcnt of fees for processing of the application The Ices for the processing of the application fo r an ·in-pr inciple' approva l shali tejointly r~mitt~c by the parties to the transaction by a demand draft issued by a scheduled bank. in favour of the Insurance Regu!ato1y and Deve lopment Authority payable at Hyderabad. The fees shall be one-tenth of one per cent of the total gross premium written direct in India by the transacting entities during the financial year preceding the financial year in which the application is filed with the Authority which shall be subject to a minimum of fifty lakh rupees, but shall not be higher than five crore rupees.
11. Timing The Authori ty shall process and pass appropriat order ori the application for amalgam ation and transfer as cxrcdit io usly as possible, :ind the t1ansa ting parti es sha l I ensure prompl response to the queries and request for inf~mnation fr(~m the Aut hority for process ing the applica tion.
J_ HARi NARAYAN, Cha irman [ADVflH/4/ 161/1 l/Exty.]
Srl11•nw of A11111l111111111tion und Transfrr lnformntio n to form p21rt of the l'ropo~HI Doru111n1t I. Stnu;turc or rhc trnnsacting parties .
Anncxurc .., Board Resolution of the transactmg parties approving the steps lo undertake transactions which would 1 o.:su[I in d1a11g1: uf si, u.;itii"i: vi ili..: i·,.:.,p,.:..:,; •,.: transacting part it·s .
.1 . Submission of confirmations by shard1olders th rough a special reso lut ion at a general body nH't'ling of rile transac ting parties about their intent to pursue the trnnstcr contemplated in the Sc heme.
4 . Details as to protection of interests ofpol icyl10lders, crcdi1 ors a11 d/t1r shan.:ho ldas of the transacl iri,,_ panics.
5. Compos iti on of Bo,ird ot'd in:clors t,flhc rcsulta111 L'llt ity alon~: wilil till' role ni" sc:i ior 111:rnagc11 1t·1,1
6. Cornpl ianc.:L' wi111 the C,uidl'iincs 011 the Corporate Gl lV l: rna11et' is~ ucd I>:,· th e J\ 11tlt l1ri 1:,-.
7. Detail s of other regulatory approvals in n: ~pc.:1.: t ot'tlic pniposcd sd1L'llll:
(i) applirntions sulim iltcd tn tire ollin l{cgulators in 1cspn :1 o!' lo ril l· pnq111•,,·d wh\·1111: n~ and whct1 llll:y arr lilcd with othn Regulators (i i) approval s gr:-tlltl'<I hy the oilier lkgula1ors in tlri s 1q,:;1rd
8. Share l'urchasc/S tdlscription Agrccmc.:111 wi th rL·spec1 10 !he 1r;i11~fr rh1cq11i si1iu11 or general in~ura11c ,:
busi ness by th e transac.:1ing part ies.
9. Shareholde rs' Agreement with respect to the man agc tncnr and gLJvcrnancc nrrangc mcnts, if any, for th e:
tran sferred bu siness.
I 0. Actuarial Report(s) on valuation of the insurance businesses of the transac ting parties encompassing the assets, liabilities and solvency position.
11. Rationa liza tion of existing range ·of prod ucts in accordance with the file & Use Guidelines.
I 2. Assessment of impact on Distribution Channels/Intennediaries and Branch Network.
13. Details of Reinsuran~c Strategies and Protection & Maintenance of Reinsurance As_sets.
14 . Implica tion of the Scheme on the Key Contracts .
15. Issues pertain in e, to the Information Tech1:o logy.
! r,. Proj ected Financia I Sta tements of the a1n all:i!ma1ed ent itics. ?S ar th e- aoooi11 tcd date of the scheme.
17. Such other information which the Authority may reguire from time to time till the grant (rffinal approval to the Scheme.
-·-------- - - ----------Prinlctf hy tlt r M1111nr,r1 , <l11\'nn111c111 of India Press. Ring Road, Mayupuri, New Odh i-1 100(,4 und 1 111!,lhhl'<l h>· Ilic Co111rollcr of . Puhltcations, Delhi- I I 0054 , ..