Section 15
Power to exempt undertakings. Repealed
The Emergency Risks (Undertakings) Insurance Act, 1971
About this Act
An Act to make certain provisions for the insurance of certain property in India against damage arising from emergency risks and for matters connected therewith or incidental thereto.
(1) The Central Government may, by notification in the
Official Gazette, exempt any class or description of undertakings from the provisions of this Act requiring
properties insurable in relation to such undertakings to be insured or to continue to be insured under this
Act; but such exemption shall not prejudice the infliction of any penalty or the accrual of any liability
incurred before the date on which the exemption takes effect.
(2) In granting any exemption under this section the Central Government may direct that the exemption shall take effect or be deemed to have taken effect on a specified date after or before the date of the notification.
(2) In granting any exemption under this section the Central Government may direct that the exemption shall take effect or be deemed to have taken effect on a specified date after or before the date of the notification.