Lawgist.Download the App Now!
Get our Android app for fast and offline Access.
We heard you! Soon we are bringing you the biggest update yet with Updated & New acts, all Central and State acts, the Constitution of India, and a dedicated Mobile App! 🚀
1[103. Penalty for carrying on insurance business in contravention of section 3.--If a person
carries on the business of insurance without obtaining a certificate of registration under section 3, he shall
be liable to a penalty not exceeding rupees twenty-five crores and with imprisonment which may extend
to ten years.]
Download our fully-offline, High speed android app.- Click here
1. Subs. by s. 88, ibid., for sections 103 and 104 (w.e.f. 26-12-2014).