Lawgist106ANotice to and hearing of Authority
1[106A. Notice to and hearing of 2[Authority].--(1) When application is made to the court for the making of any order to which this section applies, the court shall, unless the 2[Authority] has himself made the application or has been made a party thereto, send a copy of the application together with intimation of the date fixed for the hearing thereof to the 4[Authority], and shall give him an opportunity of being heard.
(2) The orders to which this section applies are the following, namely: --
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(c) an order under section 36 sanctioning any arrangement for the transfer or amalgamation of life insurance business or any order consequential thereon;
(d) an order for the winding up of an insurance company 5***;
(e) an order under section 58 confirming a scheme for the partial winding up of an insurance company;
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1. Ins. by Act 20 of 1940, s. 14 (w.e.f. 10-4-1940).
2. Subs. by Act 41 of 1999, s. 30 and the First Schedule, for "Controller" (w.e.f. 19-4-2000).
3. Clause (a) omitted by Act 5 of 2015, s. 91 (w.e.f. 26-12-2014).
4. Clause (b) omitted by s. 91, ibid. (w.e.f. 26-12-2014).
5. The words "r a provident society" omitted by s. 91, ibid. (w.e.f. 26-12-2014).
6. Clause (f) omitted by s. 91, ibid. (w.e.f. 26-12-2014).
- 102 Penalty for default in complying with, or act in contravention of this Act
- 103 Penalty for carrying on insurance business in contravention of sections 3
- 104 Penalty for contravention of sections 27, 27A, 27B, 27D and 27E
- 105 Wrongfully obtaining or withholding property
- 105A Offences by companies
- 105B Penalty for failure to comply with sections 32B, 32C and 32D
- 105C Power to adjudicate
- 105D Factors to be taken into account by the adjudicating officer
- 106 Power of Court to order restoration of property of insurer or compensation in certain cases
- 106A Notice to and hearing of Authority
- 107 [Omitted.]
- 107A Chairman, etc., to be public servants
- 108 Power of Court to grant relief
- 109 Cognizance of offences
- 110 Appeal to Securities Appellate Tribunal
- 110A Delegation of powers and duties of Chairperson of the Authority
- 110B Signature of documents
- 110C Power to call for information
- 110D Certain claims for compensation barred
- 110E [Omitted.]
- 110F Provisions applicable to state Governments, etc
- 110G [Omitted.]
- 110H [Omitted.]
- 110HA Penalty to be recoverable as arrear of land revenue
- 111 Service of notices
- 112 Declaration of interium bonuses
- 113 Acquisition of surrender value by policy
- 114 Power of Central Government to make rules
- 114A Power of Authority to make regulations
- 115 Alteration of forms
- 116 Power to exempt from certain requirements
- 116A Summary of returns to be published
- 117 Saving of provisions of Indian Companies Act, 191
- 118 Exemption
- 119 Inspection and supply of copies of published prospectus, etc
- 120 Determination of market value of securities deposited under this Act
- 121 Repealed
- 122 Repealed
- 123 Repealed
