Central Act

106A

Section 106A. Notice to and hearing of Authority.

The Insurance Act, 1938

In forceAll India (Central Act)

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: -- 3* * * * * 4* * * * * (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; 6* * * * *