Section 106A
Notice to and hearing of Authority.
About this Act
An Act to consolidate and amend the law relating to the business of insurance.
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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(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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Notes
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).
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).