# 30A Exclusive privilege of Corporation to cease
1[30A. Exclusive privilege of Corporation to cease.--Notwithstanding anything contained in this Act, the exclusive privilege of carrying on life insurance business in India by the Corporation shall cease on and from the commencement of the Insurance Regulatory and Development Authority Act, 1999, and the Corporation shall, thereafter, carry on life insurance business in India in accordance with the provisions of the Insurance Act, 1938 (4 of 1938).]
Download our fully-offline, High speed android app.- Click here
1. Ins. by Act 41 of 1999, s. 31 and the Second Schedule (w.e.f. 19-4-2000).
All sections
28
Surplus from life insurance business, how to be utilised28A
Profits from any business (other than life insurance business) how to be utilised29
Reports to be laid before Parliament30
Corporation to have the exclusive privilege of carrying on life insurance business31
Exception in the case of insurance business in respect of persons residing outside India32
Power of Corporation to have official seal in certain cases33
Requirement of foreign laws to be complied with in certain cases
Lawyer's Registry
Click here to register for Lawgist Lawyer's Registry