Special Economic Zone Act, 2005
The Third Schedule - -
-THIRD SCHEDULE(See section 57)AMENDMENT TO CERTAIN ENACTMENTSPART IAMENDMENTS 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
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