INDIA CODE

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Section 40, Life Insurance Corporation (Modification of Settlement) Act, 1976 [S1Q-AG3]

As at 7 September 2026. In force from 21 October 1976.

In Life Insurance Corporation (Modification of Settlement) Act, 1976 [A10-RE4]. This text from 21 October 1976. No other text held.

Synthetic. The words of this section are generated by the register; the title, number and year of the Act are real.

Cite: Section 40, Life Insurance Corporation (Modification of Settlement) Act, 1976 [S1Q-AG3]. Machine: S1Q-AG3.

40. Prohibition of the possession of land without licence.—No person shall undertake the possession of land except under and in accordance with the conditions of a licence granted under section 41: Provided that nothing in this section shall apply to the possession of land undertaken by or on behalf of the Central Government or a State Government.

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Section 40, Life Insurance Corporation (Modification of Settlement) Act, 1976 [S1Q-AG3]