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Section 15

Life Insurance (Emergency Provisions) Ordinance, 1956Ordinance · 1956

(1) The Central Government may, by notified order, make rules to carry out the purposes of this Ordinance.

' Power to make ml«>.

(2) In particular, and without prejudice to the generality of the foregoing power, rules made under sub-section (1) may provide for—

(a) the form and manner in which books of accounts appertaining to controlled business shall be maintained by insurers;

(b) the manner in which any compensation payable under this Ordinance may be paid to the persons entitled thereto;

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

RAJENDRA PRASAD, President.

K. Y. BHANDARKAR, Secy, to the Govt. of India.

FBINTED IN INDIA BY THE MANAGER, GOVT. OF INDIA PRESS, NMW DELHI AND PUBLISHED BY THE MANAdER OF PUBLICATIONS, DELHI, 1936

Where this provision sits

ActLife Insurance (Emergency Provisions) Ordinance, 1956
Section15
StatusIn force as published by the source

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