AdvocateKhoj
Login : Advocate | Client
Home Post Your Case My Account Law College Law Library
    

2[48B. Further provision regarding directors.-

(1) An insurer specified in sub-clause (b) of clause (9) of section 2 and carrying on life insurance business shall not have a common director with another such insurer.

(2) The 3[Authority] may, for such period, to such extent and subject to such conditions as it may specify, exempt from the operation of the section-

(a) any insurer, who is a subsidiary company of another insurer, or

(b) two or more insurers, for the purpose of facilitating their amalgamation or the transfer of business of one insurer to the other.]



Insurance Act, 1938 Back




Client Area | Advocate Area | Blogs | About Us | User Agreement | Privacy Policy | Advertise | Media Coverage | Contact Us | Site Map
powered by nubia  |  driven by neosys