Special Economic Zone Act, 2005

-THIRD SCHEDULE

(See section 57)

AMENDMENT TO CERTAIN ENACTMENTS

PART I

AMENDMENTS TO THE INSURANCE ACT, 1938

(4 of 1938)

1. In section 2C, in sub-section (1), after the third proviso, insert:-

"Provided also an insurer, being an Indian Insurance Company, insurance co-operative society or a body corporate referred to in clause (c) of this sub-section carrying on the business of insurance, may carry on any business of insurance in any Special Economic Zone as defined in clause (za) of section 2 of the Special Economic Zones Act, 2005".

2. After section 2C, insert-

"2CA. Power of Central Government to apply provisions of this Act to Special Economic Zones. - The Central Government may, by notification, direct that any of the provisions of this Act,-

(a)	-	shall not apply to insurer, being an Indian Insurance Company, insurance co-operative society or a body corporate referred to in clause (c) of sub-section (1) of section 2C, carrying on the business of insurance, in any Special Economic Zone as defined in clause (za) of section 2 of the Special Economic Zones Act, 2005; or
(b)	-	shall apply to any insurer being an Indian Insurance Company, insurance co-operative society or a body corporate referred to in cl .... To read the full section download the app from Google Play store Latest Job Openings View all ARTICLESHIP 17 August 2026 CA Article Trainee ASC Group Noida CA Inter View Details 21 August 2026 Accountant A G International Kolkata B.Com View Details 18 August 2026 Audit Assistant - Remote / Work From Home CA ANOOP P K & ASSOCIATES Kozhikode CA Inter View Details ARTICLESHIP 29 August 2026 Article Assistant RRPM & ASSOCIATES LLP Chennai CA Inter View Details 27 August 2026 ACCOUNTANT CHARUPREETI & CO Noida Graduate (Any) View Details 08 September 2026 Semi-Qualified Assitant Subrahmanyam & Sivudu CA Firm Hyderabad CA Inter View Details ARTICLESHIP 07 September 2026 Article/ Paid Assistant Murali and Sumeet Chartered Accountant Bengaluru CA Foundation View Details 09 September 2026 SENIOR AUDITOR & ACCOUNTS MANAGER Anupam Parashar & Co. Ghaziabad CA Final View Details Share  Facebook  Twitter  Linkedin  Reddit  Email  Whatsapp  Gmail  Print  PDF Finance and Tax WhatsApp groups list CCI All Updates (WA Group) CCI All Updates (WA Channel) CCI All Updates (Telegram Channel) GST Income Tax CA Final CA Inter CA Foundation CCI Jobs CS CCI Webinars CCI Pro Login at CAclubindia CAclubindia India's largest network for finance professionals User Name Password Remember Me Forgot Password ? Alternatively, you can log in using: Login with Google Don't have an account? Register Now click here to register Follow Us