LawgistThe Insurance Act
34DSections 34B and 34C to override other laws
Any appointment or removal of a director or executive officer in pursuance of section 34B or section 34 C shall have effect notwithstanding anything the contrary contained in the Companies Act, 1956 (1 of 1956), or any other law for the time being in force or any contract or any other instrument.
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CONTROL OVER MANAGEMENT
- 34A Amendment of provisions relating to appointments of managing directors, etc., to be subject to previous approval of the Controller
- 34B Power of Authority to remove managerial persons from office
- 34C Power of Authority to appoint additional directors
- 34D Sections 34B and 34C to override other laws
- 34E Further powers
- 34F Power of Authority to issue directions regarding re-insurance treaties, etc
- 34G Omitted
- 34H Search and seizure
