Section 64
Books to be kept by insurers established outside India.
About this Act
An Act to consolidate and amend the law relating to the business of insurance.
Every insurer, having his principal
place of business or domicile outside 1[India]., Shall keep at his principal office in 1[India]. such books of
account, registers and documents as will enable the accounts, statements and abstracts which he is
required under this Act to furnish to the 2[Authority] in respect of the insurance business transacted by
him, in India to be compiled and, if necessary, checked by the 2[Authority] 3[and shall furnish to
the 2[Authority] on or before the last day of January in every calendar year a certificate from an auditor to the effect that the said books of account, register and documents are being kept as required at the principal
office of the insurer in India].
Notes
1. Subs. by Act 62 of 1956, s. 2 and the Schedule, for "the States" (w.e.f. 1-11-1956).
2. Subs. by Act 41 of 1999, s. 30 and the First Schedule, for "Controller" (w.e.f. 19-4-2000).
3. Added by Act 47 of 1950, s. 44 (w.e.f. 1-6-1950).
2. Subs. by Act 41 of 1999, s. 30 and the First Schedule, for "Controller" (w.e.f. 19-4-2000).
3. Added by Act 47 of 1950, s. 44 (w.e.f. 1-6-1950).