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1[106A. Notice to and hearing of 2[Authority].-

(1) When application is made to the court for the making of any order to which this section applies, the court shall, unless the 2[Authority] has himself made the application or has been made a party thereto, send a copy of the application together with intimation of the date fixed for the hearing thereof to the 2[Authority], and shall give him an opportunity of being heard.

(2) The orders to which this section applies are the following, namely:-

1* * * * *

2* * * * *

(c) an order under section 36 sanctioning any arrangement for the transfer or amalgamation of life insurance business or any order consequential thereon;

(d) an order for the winding up of an insurance company 3***;

(e) an order under section 58 confirming a scheme for the partial winding up of an insurance company;

1. Ins. by Act 20 of 1940, s. 14 (w.e.f. 10-4-1940).

2. Subs. by Act 41 of 1999, s. 30 and the First Schedule, for "Controller" (w.e.f. 19-4-2000).

Insurance Act, 1938 Back

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