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[40B. Limitation of expenses of management in life insurance business. --No insurer shall, in
respect of insurance business transacted by him in India, spend as expenses of management in any
financial year any amount exceeding the amount as may be specified by the regulations made under this
Act;]
Download our fully-offline, High speed android app.- Click here
1. Subs. by Act 5 of 2015, s. 47, for sections 40B and 40C (w.e.f. 26-12-2014).