Section 3, Insurance Regulatory and Development Authority Act, 1999 [S1Z-VTK]
As at 6 September 2026. In force from 11 June 2000 by S.O. 2272(E) [N12-A78].
3. Appointment of Authority.—(1) The Central Government may, by notification, appoint an authority, to be known as the Authority, to exercise the powers and perform the functions conferred on it by or under this Act. (2) The Authority may, with the previous approval of the Central Government, appoint such officers and other employees as it considers necessary for the efficient discharge of its functions under this Act. (3) The Central Government may, by notification, direct that any power exercisable by it under this Act, except the power to make rules under section 47, shall, in relation to such matters and subject to such conditions as may be specified in the notification, be exercisable also by the Authority.
Defined terms in this text (1)
Authority: Section 2, Insurance Regulatory and Development Authority Act, 1999 [S1ZVSN] (In this Act, unless the context otherwise requires,—): "Authority" means the Insurance Regulatory and Development Authority of India established under section 3 of the Insurance Regulatory and Development Authority Act, 1999 (41 of 1999)
Authority: 22 more definitions.
Made under this section, or naming it (0)
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Not held (0)
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