INDIA CODE

21 October 1976. The pages below are read as at that date. Where a page holds no text for it, the page says so. Clear the date

Section 58, Life Insurance Corporation (Modification of Settlement) Act, 1976 [S1Q-B26]

As at 21 October 1976. In force from 21 October 1976.

In Life Insurance Corporation (Modification of Settlement) Act, 1976 [A10-RE4]. This text from 21 October 1976 to 6 April 1979. Other texts (1): from 7 April 1979.

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

Cite: Section 58, Life Insurance Corporation (Modification of Settlement) Act, 1976 [S1Q-B26]. Machine: S1Q-B26@1976-10-21.

58. Penalty for contravention.—(1) Whoever contravenes the provisions of section 4 or section 5 shall be punishable with fine which may extend to ten thousand rupees, and in the case of a continuing contravention, with an additional fine which may extend to fifty thousand rupees for every day during which the contravention continues after conviction for the first such contravention. (2) Whoever contravenes any other provision of this Act or the rules made thereunder, for which no penalty is elsewhere provided, shall be punishable with fine which may extend to five hundred rupees.

Defined terms in this text (0)

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Made under this section, or naming it (0)

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Cited by (1)

Section 2, Life Insurance Corporation (Modification of Settlement) Act (Amendment) Act, 1979 [S1R-3XF], 7 April 1979, Band A. "section 58 of the Life Insurance Corporation (Modification of Settlement) Act, 1976 (72 of 1976)".

Not held (0)

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Duties published under this section (0)

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Section 58, Life Insurance Corporation (Modification of Settlement) Act, 1976 [S1Q-B26]