Notification S.O. 2241(E), dated 7th September, 1978 [N11-ZJ1]
As at 7 September 2026. In force from 7 September 1978.
S.O. 2241(E).—In exercise of the powers conferred by section 10 of the Emergency Risks (Under-Takings) Insurance Act, 1971 (51 of 1971), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts policy-holders whose the carrying on of insurance business does not exceed one lakh rupees in value in a financial year from the provisions of section 4 of the said Act, subject to the condition that every such person shall intimate the Authority in writing of the commencement of the carrying on of insurance business within thirty days of such commencement.
Made under
Recital: "In exercise of the powers conferred by section 10 of the Emergency Risks (Under-Takings) Insurance Act, 1971 (51 of 1971), the Central Government, being satisfied that it is necessary in the public interest so to do". Names section 10 of the Emergency Risks (Under-Takings) Insurance Act, 1971 (51 of 1971) [S1M-YPD]. Vires verified.
Acts on (1)
Exempts Section 4, Emergency Risks (Under-Takings) Insurance Act, 1971 [S1M-YG1], 7 September 1978. "section 4 of the said Act".
Acted on by (0)
none
Not held (0)
none