LawgistThe Insurance Regulatory and Development Authority Act
18Power of Central Government to issued directions
(1) Without prejudice to the foregoing provisions of this Act, the Authority shall, in exercise of its powers or the performance of its functions under this Act, be bound by such directions on questions of policy, other than those relating to technical and administrative matters, as the Central Government may give in writing to it from time to time:
Provided that the Authority shall, as far as practicable, be given an opportunity to express its views before any direction is given under this sub-section.
(2) The decision of the Central Government, whether a question is one of policy or not, shall be final.
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MISCELLANEOUS
- 18 Power of Central Government to issued directions
- 19 Power of Central Government to supersede Authority
- 20 Furnishing of returns, etc., to Central Government
- 21 Chairperson, members, officers and other employees of Authority to be public servants
- 22 Protection of action taken in good faith
- 23 Delegation of powers
- 24 Power to make rules
- 25 Establishment of Insurance Advisory Committee
- 26 Power to make regulations
- 27 Rules and regulations to be laid before Parliament
- 28 Application of other laws not barred
- 29 Power to remove difficulties
- 30 Amendment of Act 4 of 1938
- 31 Amendment of Act 31 of 1956
- 32 Amendment of Act 57 of 1972
