Search Results on regulation for query: "SU Regulation 10"
Related Section(s)(1) Save as otherwise exempted under this Act,
no person other than the Central Transmission Utility or a State Transmission Utility, or a licensee shall
transmit or use electricity at a rate exceeding two hundred and fifty watts and one hundred volts--
(a) in any street, or (b) in any place,-- (i) in which one hundred or more persons are ordinarily likely to be assembled; or (ii) which is a factory within the meaning of the Factories Act, 1948 (63 of 1948) or a mine within the meaning of the Mines Act, 1952 (35 of 1952); or (iii) to which the State Government, by general or special order, declares the provisions of this sub-section to apply, without giving, before the commencement of transmission or use of electricity, not less than seven days' notice in writing of his intention to the Electrical Inspector and to the District Magistrate or the Commissioner of Police, as the case may be, containing particulars of the electrical installation and plant, if any, the nature and the purpose of supply and complying with such of the provisions of Part XVII of this Act, as may be applicable: Provided that nothing in this section shall apply to electricity used for the public carriage of passengers, animals or goods, on, or for the lighting or ventilation of the rolling stock of any railway or tramway subject to the provisions of the Railways Act, 1989 (24 of 1989). (2) Where any difference or dispute arises as to whether a place is or is not one in which one hundred or more persons are ordinarily likely to be assembled, the matter shall be referred to the State Government, and the decision of the State Government thereon shall be final. (3) The provisions of this section shall be binding on the Government. (1) A licensee may, from time to time but
subject always to the terms and conditions of his licence, within his area of supply or transmission or
when permitted by the terms of his licence to lay down or place electric supply lines without the area of
supply, without that area carry out works such as--
(a) to open and break up the soil and pavement of any street, railway or tramway; (b) to open and break up any sewer, drain or tunnel in or under any street, railway or tramway; (c) to alter the position of any line or works or pipes, other than a main sewer pipe; (d) to lay down and place electric lines, electrical plant and other works; (e) to repair, alter or remove the same; (f) to do all other acts necessary for transmission or supply of electricity. (2) The Appropriate Government may, by rules made by it in this behalf, specify,-- (a) the cases and circumstances in which the consent in writing of the appropriate Government, local authority, owner or occupier, as the case may be, shall be required for carrying out works; (b) the authority which may grant permission in the circumstances where the owner or occupier objects to the carrying out of works; (c) the nature and period of notice to be given by the licensee before carrying out works; (d) the procedure and manner of consideration of objections and suggestion received in accordance with the notice referred to in clause (c); (e) the determination and payment of compensation or rent to the persons affected by works under this section; (f) the repairs and works to be carried out when emergency exists; (g) the right of the owner or occupier to carry out certain works under this section and the payment of expenses therefor; (h) the procedure for carrying out other works near sewers, pipes or other electric lines or works; (i) the procedure for alteration of the position of pipes, electric lines, electrical plant, telegraph lines, sewer lines, tunnels, drains, etc.; (j) the procedure for fencing, guarding, lighting and other safety measures relating to works on streets, railways, tramways, sewers, drains or tunnels and immediate reinstatement thereof; (k) the avoidance of public nuisance, environmental damage and unnecessary damage to the public and private property by such works; (l) the procedure for undertaking works which are not reparable by the Appropriate Government, licensee or local authority; (m) the manner of deposit of amount required for restoration of any railways, tramways, waterways, etc.; (n) the manner of restoration of property affected by such works and maintenance thereof; (o) the procedure for deposit of compensation payable by the licensee and furnishing of security; and (p) such other matters as are incidental or consequential to the construction and maintenance of works under this section. (3) A licensee shall, in exercise of any of the powers conferred by or under this section and the rules made thereunder, cause as little damage, detriment and inconvenience as may be, and shall make full compensation for any damage, detriment or inconvenience caused by him or by any one employed by him. (4) Where any difference or dispute [including amount of compensation under sub-section (3)] arises under this section, the matter shall be determined by the Appropriate Commission. (5) The Appropriate Commission, while determining any difference or dispute arising under this section in addition to any compensation under sub-section (3), may impose a penalty not exceeding the amount of compensation payable under that sub-section. (1) The Central Government may, by
notification, make rules for carrying out the provisions of this Act.
(2) In particular and without prejudice to the generality of the foregoing power, such rules may provide for all or any of the following matters, namely:-- (a) the time within which the objection and suggestions on the draft National Electricity Plan to be invited by the Authority under the proviso to sub-section (4) of section 3; (b) the additional requirements 1 [relating to the capital adequacy, creditworthiness or code of conduct] under sixth proviso to section 14; (c) the payment of fees for application for grant of licence under sub-section (1) of section 15; (d) the constitution and functions of the National Load Despatch Centre under sub-section (2) of section 26; (e) the works of licensees affecting the property of owner or occupier under sub-section (2) of section 67; (f) such other cases which may be prescribed under clause (c) of sub-section (2) of section 68; (g) allowances and fees payable to others Members for attending the meetings of Authority under sub-section (14) of section 70. (h) other terms and conditions of service of the Chairperson and Members of the Authority under sub-section (15) of section 70; (i) the functions and duties of the Central Electricity Authority under section 73; (j) the salary, allowances and other conditions of service of Chairperson and Member of Central Commission under sub-section (2) of section 89; (k) the form and manner in which and the authority before whom oath of office and secrecy should be subscribed under sub-section (3) of section 89; (l) the procedure to be prescribed by the Central Government under the proviso to sub-section (2) of section 90; (m) any other matter required to be prescribed under clause (g) of sub-section (1) of section 94; (n) the form in which the Central Commission shall prepare its annual statement of accounts under sub-section (1) of section 100; (o) the form in which and time at which the Central Commission shall prepare its annual report under sub-section (1) of section 101; (p) the form in which and time at which the Central Commission shall prepare its budget under section 106; (q) the form and the manner of verifying such form, and fee for filing appeal under sub-section (2) of section 111; (r) the salary and allowances payable to and the other terms and conditions of service of the Chairperson of the Appellate Tribunal and Members of the Appellate Tribunal under section 115; (s) the salary and allowances and other conditions of service of the officers and employees of the Appellate Tribunal under sub-section (3) of section 119; (t) the additional matters in respect of which the Appellate Tribunal may exercise the powers of a civil court under clause (i) of sub-section (2) of section 120; (u) the authority to whom the appeal shall be filed under sub-section (1) of section 127; (v) manner of holding inquiry by an adjudicating officer under sub-section (1) of section 143; (w) the form in which and the time at which service of notices to any person or to the Central Government for the purpose under sub-section (1) of section 161; (x) the powers to be exercised and the functions to be performed by the Inspectors under sub-section (1) of section 162; (y) the manner of delivery of every notice, order or document to be served under sub-section (1) of section 171; (z) any other matter which is required to be, or may be, prescribed.
1. Subs. by Act 26 of 2007, s. 19, for "(including the capital adequacy, creditworthiness or code of conduct)" (w.e.f. 15-6-2007).
this Act, unless the context otherwise requires,--
(1)"Appellate Tribunal" means the Appellate Tribunal for Electricity established under section 110; (2) "appointed date" means such date as the Central Government may, by notification, appoint; (3) "area of supply" means the area within which a distribution licensee is authorised by his licence to supply electricity; (4) "Appropriate Commission" means the Central Regulatory Commission referred to in sub-section (1) of section 76 or the State Regulatory Commission referred to in section 82 or the Joint Commission referred to in section 83, as the case may be; (5) "Appropriate Government" means,-- (a) the Central Government,-- (i) in respect of a generating company wholly or partly owned by it; (ii) in relation to any inter-State generation, transmission, trading or supply of electricity and with respect to any mines, oil-fields, railways, national highways, airports, telegraphs, broadcasting stations and any works of defence, dockyard, nuclear power installations; (iii) in respect of National Load Despatch Centre and Regional Load Despatch Centre; (iv) in relation to any works or electric installation belonging to it or under its control; (b) in any other case, the State Government, having jurisdiction under this Act; (6) "Authority" mean the Central Electricity Authority referred to in sub-section (1) of section 70; (7) "Board" means a State Electricity Board, constituted before the commencement of this Act, under sub-section (1) of section 5 of the Electricity (Supply) Act, 1948 (54 of 1948); (8) "Captive generating plant" means a power plant set up by any person to generate electricity primarily for his own use and includes a power plant set up by any co-operative society or association of persons for generating electricity primarily for use of members of such co-operative society or association; (9) "Central Commission" means the Central Electricity Regulatory Commission referred to in sub-section (1) of section 76; (10) "Central Transmission Utility" means any Government company which the Central Government may notify under sub-section (1) of section 38; (11) "Chairperson" means the Chairperson of the Authority or Appropriate Commission or the Appellate Tribunal, as the case may be; (12) "Cogeneration" means a process which simultaneously produces two or more forms of useful energy (including electricity); (13) "company" means a company formed and registered under the Companies Act, 1956 (1 of 1956) and includes any body corporate under a Central, State or Provincial Act; (14) "conservation" means any reduction in consumption of electricity as a result of increase in the efficiency in supply and use of electricity; (15) "consumer" means any person who is supplied with electricity for his own use by a licensee or the Government or by any other person engaged in the business of supplying electricity to the public under this Act or any other law for the time being in force and includes any person whose premises are for the time being connected for the purpose of receiving electricity with the works of a licensee, the Government or such other person, as the case may be; (16) "dedicated transmission lines" means any electric supply-line for point to point transmission which are required for the purpose of connecting electric lines or electric plants of a captive generating plant referred to in section 9 or generating station referred to in section 10 to any transmission lines or sub-stations, or generating stations, or the load centre, as the case may be; (17) "distribution licensee" means a licensee authorised to operate and maintain a distribution system for supplying electricity to the consumers in his area of supply; (18) "distributing main" means the portion of any main with which a service line is, or is intended to be, immediately connected; (19) "distribution system" means the system of wires and associated facilities between the delivery points on the transmission lines or the generating station connection and the point of connection to the installation of the consumers; (20) "electric line" means any line which is used for carrying electricity for any purpose and includes-- (a) any support for any such line, that is to say, any structure, tower, pole or other thing in, on, by or from which any such line is, or may be, supported, carried or suspended; and (b) any apparatus connected to any such line for the purpose of carrying electricity; (21) "Electrical Inspector" means a person appointed as such by the Appropriate Government under sub-section (1) of section 162 and also includes Chief Electrical Inspector; (22) "electrical plant" means any plant, equipment, apparatus or appliance or any part thereof used for, or connected with, the generation, transmission, distribution or supply of electricity but does not include-- (a) an electric line; or (b) a meter used for ascertaining the quantity of electricity supplied to any premises; or (c) an electrical equipment, apparatus or appliance under the control of a consumer; (23) "electricity" means electrical energy-- (a) generated, transmitted, supplied or traded for any purpose; or (b) used for any purpose except the transmission of a message; (24) "Electricity Supply Code" means the Electricity Supply Code specified under section 50; (25) "electricity system" means a system under the control of a generating company or licensee, as the case may be, having one or more-- (a) generating stations; or (b) transmission lines; or (c) electric lines and sub-stations, and when used in the context of a State or the Union, the entire electricity system within the territories thereof; (26) "electricity trader" means a person who has been granted a licence to undertake trading in electricity under section 12; (27) "franchisee" means a persons authorised by a distribution licensee to distribute electricity on its behalf in a particular area within his area of supply; (28) "generating company" means any company or body corporate or association or body of individuals, whether incorporated or not, or artificial juridical person, which owns or operates or maintains a generating station; (29) "generate" means to produce electricity from a generating station for the purpose of giving supply to any premises or enabling a supply to be so given; (30) "generating station" or "station" means any station for generating electricity, including any building and plant with step-up transformer, switch-gear, switch yard, cables or other appurtenant equipment, if any, used for that purpose and the site thereof; a site intended to be used for a generating station, and any building used for housing the operating staff of a generating station, and where electricity is generated by water-power, includes penstocks, head and tail works, main and regulating reservoirs, dams and other hydraulic works, but does not in any case include any sub-station; (31) "Government company" shall have the meaning assigned to it in section 617 of the Companies Act, 1956 (1 of 1956); (32) "grid" means the high voltage backbone system of inter-connected transmission lines, sub-station and generating plants; (33) "Grid Code" means the Grid Code specified by the Central Commission under clause (h) of sub-section (1) of section 79; (34) "Grid Standards" means the Grid Standards specified under clause (d) of section 73 by the Authority; (35) "high voltage line" means an electric line or cable of a nominal voltage as may be specified by the Authority from time to time; (36) "inter-State transmission system" includes-- (i) any system for the conveyance of electricity by means of main transmission line from the territory of one State to another State; (ii) the conveyance of electricity across the territory of an intervening State as well as conveyance within the State which is incidental to such inter-State transmission of electricity; (iii) the transmission of electricity within the territory of a State on a system built, owned, operated, maintained or controlled by a Central Transmission Utility; (37) 'intra-State transmission system' means any system for transmission of electricity other than an inter-State transmission system; (38) 'licence" means a licence granted under section 14; (39) "licensee" means a person who has been granted a licence under section 14; (40) "line" means any wire, cable, tube, pipe, insulator, conductor or other similar thing (including its casing or coating) which is designed or adapted for use in carrying electricity and includes any line which surrounds or supports, or is surrounded or supported by or is installed in close proximity to, or is supported, carried or suspended in association with, any such line; (41) "local authority" means any Nagar Panchayat, Municipal Council, municipal corporation, Panchayat constituted at the village, intermediate and district levels, body of port commissioners or other authority legally entitled to, or entrusted by the Union or any State Government with, the control or management of any area or local fund; (42) "main" means any electric supply-line through which electricity is, or is intended to be, supplied; (43) "Member" means the Member of the Appropriate Commission or Authority or Joint Commission, or the Appellate Tribunal, as the case may be, and includes the Chairperson of such Commission or Authority or Appellate Tribunal; (44) "National Electricity Plan" means the National Electricity Plan notified under sub-section (4) of section 3; (45) "National Load Despatch Centre" means the Centre established under sub-section (1) of section 26; (46) "notification" means notification published in the Official Gazette and the expression "notify" shall be construed accordingly; (47) "open access" means the non-discriminatory provision for the use of transmission lines or distribution system or associated facilities with such lines or system by any licensee or consumer or a person engaged in generation in accordance with the regulations specified by the Appropriate Commission; (48) "overhead line" means an electric line which is placed above the ground and in the open air but does not include live rails of a traction system; (49) "person" shall include any company or body corporate or association or body of individuals, whether incorporated or not, or artificial juridical person; (50) "power system" means all aspects of generation, transmission, distribution and supply of electricity and includes one or more of the following, namely:-- (a) generating stations; (b) transmission or main transmission lines; (c) sub-stations; (d) tie-lines; (e) load despatch activities; (f) mains or distribution mains; (g) electric supply-lines; (h) overhead lines; (i) service lines; (j) works; (51) "premises" includes any land, building or structure; (52) "prescribed" means prescribed by rules made by the Appropriate Government under this Act; (53) "public lamp" means an electric lamp used for the lighting of any street; (54) "real time operation" means action to be taken at a given time at which information about the electricity system is made available to the concerned Load Despatch Centre; (55) "Regional Power Committee" means a committee established by resolution by the Central Government for a specified region for facilitating the integrated operation of the power systems in that region; (56) "Regional Load Despatch Centre" means the Centre established under sub-section (1) of section 27; (57) "regulations" means regulations made under this Act; (58) "repealed laws" means the Indian Electricity Act, 1910 (9 of 1910), the Electricity (Supply) Act, 1948 (54 of 1948) and the Electricity Regulatory Commissions Act, 1998 (14 of 1998) repealed by section 185; (59) "rules" means rules made under this Act; (60) "Schedule" means the Schedule to this Act; (61) "service-line" means any electric supply-line through which electricity is, or is intended to be, supplied-- (a) to a single consumer either from a distributing main or immediately from the Distribution Licensee's premises; or (b) from a distributing main to a group of consumers on the same premises or on contiguous premises supplied from the same point of the distributing main; (62) 'specified" means specified by regulations made by the Appropriate Commission or the Authority, as the case may be, under this Act; (63) "stand alone system" means the electricity system set-up to generate power and distribute electricity in a specified area without connection to the grid; (64) "State Commission" means the State Electricity Regulatory Commission constituted under sub-section (1) of section 82 and includes a Joint Commission constituted under sub-section (1) of section 83; (65) "State Grid Code" means the State Grid Code specified under clause (h) of sub-section (1) of section 86; (66) "State Load Despatch Centre" means the centre established under sub-section (1) of section 31; (67) "State Transmission Utility" means the Board or the Government company specified as such by the State Government under sub-section (1) of section 39; (68) "street" includes any way, road, lane, square, court, alley, passage or open space, whether a thoroughfare or not, over which the public have a right of way, and also the roadway and footway over any public bridge or causeway; (69) "sub-station" means a station for transforming or converting electricity for the transmission or distribution thereof and includes transformers converters, switch-gears, capacitors, synchronous condensers, structures, cable and other appurtenant equipment and any buildings used for that purpose and the site thereof; (70) "supply", in relation to electricity, means the sale of electricity to a licensee or consumer; (71) "trading" means purchase of electricity for resale thereof and the expression "trade" shall be construed accordingly; (72) "transmission lines means all high pressure cables and overhead lines (not being an essential part of the distribution system of a licensee) transmitting electricity from a generating station to another generating station or a sub-station, together with any step-up and step-down transformers, switch-gear and other works necessary to and used for the control of such cables or overhead lines, and such buildings or part thereof as may be required to accommodate such transformers, switch-gear and other works; (73) "transmission licensee" means a licensee authorised to establish or operate transmission lines; (74) "transmit" means conveyance of electricity by means of transmission lines and the expression "transmission" shall be construed accordingly; (75) "utility" means the electric lines or electrical plant, and includes all lands, buildings, works and materials attached thereto belonging to any person acting as a generating company or licensee under the provisions of this Act; (76) "wheeling" means the operation whereby the distribution system and associated facilities of a transmission licensee or distribution licensee, as the case may be, are used by another person for the conveyance of electricity on payment of charges to be determined under section 62; (77) "works" includes electric line, and any building, plant, machinery, apparatus and any other thing of whatever description required to transmit, distribute or supply electricity to the public and to carry into effect the objects of a licence or sanction granted under this Act or any other law for the time being in force. (1) The Appropriate
Government may, by notification, appoint duly qualified persons to be Chief Electrical Inspector or
Electrical Inspectors and every such Inspector so appointed shall exercise the powers and perform the
functions of a Chief Electrical Inspector or an Electrical Inspector under this Act and exercise such other
powers and perform such other functions as may be prescribed within such areas or in respect of such
class of works and electric installations and subject to such restrictions as the Appropriate Government
may direct.
(2) In the absence of express provision to the contrary in this Act, or any rule made thereunder, an appeal shall lie from the decision of a Chief Electrical Inspector or an Electrical Inspector to the Appropriate Government or if the Appropriate Government, by general or special order so directs, to an Appropriate Commission. STATE AMENDMENT Karnataka Amendment of section 162.--In section 162 of the Principal Act, after sub-section (2), the following shall be inserted, namely:-- "(3) where no provision is made by Central Government or the Authority in respect of powers and functions and qualifications of Chief Electrical Inspector and Electrical Inspectors, the State Government may by rules prescribe the same". [Vide Karnataka Act 39 of 2014, s. 3] | ||||||||||||||||
Related Section(s)The authorities of the University may make Regulations, consistent with this Act,
the Statutes and the Ordinances for the conduct of their own business and that of the Committees, if any,
appointed by them and not provided for by this Act, the Statutes or the Ordinances, in the manner
prescribed by the Statutes.
| ||||||||||||||||
Related Section(s)1[114A. Power of Authority to make regulations.--(1) The Authority may, by notification in the
Official Gazette, make regulations consistent with this Act and the rules made thereunder, to carry out the
purposes of this Act.
(2) In particular, and without prejudice to the generality of the foregoing power, such regulations may provide for all or any of the following matters, namely: -- 2[(a) manner of making application for registration and documents to be accompanied under sub-section (2) of section 3;] (b) the manner of suspension or cancellation of registration under sub-section (5E) of section 3; (c) such fee, not exceeding five thousand rupees, as may be determined by the regulations for issue of a duplicate certificate of registration under subsection (7) of section 3; 3[(d) such annual fee to the Authority and manner of payment under sub-section (1) of section 3A;] 4 [(da) such minimum annuity and other benefits to be secured by the insurer under section 4; (daa) determination of preliminary expenses that may be excluded for calculation of the stipulated paid-up equity capital for the insurers under sub-section (1) of section 6; (db) such equity capital and such forms of capital including hybrid capital required under sub-section (I) of section 6A;] 5* * * * * 4[(ea) separation of account of all receipts and payments in respect of each classes and sub-classes of insurance business as required under sub-section (1) and sub-section (2AA) of section 10; and its waiver under the said section;] (f) the preparation of balance-sheet, profit and loss account and a separate account of receipts and payments and revenue account 6[under sub-section (1) of section 11]; 7[(g) the manner in which an abstract of the report of the actuary to be specified and the form and manner in which the statement referred to in section 13 shall be appended;] 4[(ga) maintenance of records of policies and claims under clause (c) of sub-section (1) of section 14; (gb) manner and form of issuance of policies in electronic form under sub-section (2) of section 14;] 8[(h) the fee for procuring a copy of return or any part thereof under sub-section (I) of section 20;] 9[(i) investment of assets and further provisions regarding investments by an insurer and investment by insurers in certain cases under sections 27, 27A, 27B, 27C and time, manner and other conditions of investment of assets under section 27D;] 10[(ia) the form in which a return giving details of investments made, time and manner including its authentication under section 28; (ib) the loans including the loans sanctioned to the full-time employees of the insurer under clause (a) of sub-section (3) of section 29; (ic) the sum to be paid by the insurer to any person under section 31B; (id) the obligation of insurer in respect of rural or social or unorganised sector and backward classes under sections 32B and 32C; (ie) the minimum percentage of insurance business in third party risks of motor vehicles under section 32D;] 11[(j) the minimum information to be maintained by insurers or intermediary or insurance intermediary, as the case may be, in their books, the manner in which such information shall be maintained, the checks and other verifications in that connection and all other matters incidental thereto under sub-section (7) of section 33;] 12[(ja) the form in which balance-sheets in respect of the insurance business of each of the insurers concerned and the manner in which actuarial reports and abstracts in respect of the life insurance business are to be prepared under clauses (b) and (c) of sub-section (3) of section 35; (jb) the manner of assessment of compensation under the proviso to sub-section (4A) of section 37A; (jc) the fee to be charged by the insurer under sub-section (3) of section 39; (jd) the manner and amount of remuneration or reward to be paid or received by way of commission or otherwise to an insurance agent or an intermediary or insurance intermediary under section 40; (je) the manner and form of expenses of management under sections 40B and 40C;] 13* * * * * 14* * * * * 15[(m) the requisite qualifications or practical training or examination to be passed for appointment as an insurance agent under clause (e) of sub-section (3) of section 42;] 16* * * * * 17[(o) the code of conduct under clause (h) of sub-section (3) of section 42;] 18* * * * *] (q) the manner and the fees for issue of a licence to an intermediary or an insurance intermediary under sub-section (1) of section 42D; (r) the fee and the additional fee to be determined for renewal of licence of intermediaries or insurance intermediaries under sub-section (3) of section 42D; (s) the requisite qualifications and practical training of intermediaries or insurance intermediaries under clause (e) of sub-section (5) of section 42D; (t) the examination to be passed to act as an intermediary or insurance intermediary under clause (f) of sub-section (5) of section 42D; (u) the code of conduct under clause (g) of sub-section (5) of section 42D; (v) the fee for issue of duplicate licence under sub-section (7) of section 42D; 19[ 20* * * * * (vb) the requirements of capital, form of business and other conditions to act as an intermediary or insurance intermediary under 21*** section 42E; (vc) the form of balance-sheet, as may be specified by the Authority under sub-section (1) of section 49;] 22* * * * * 23[(x) academic qualifications and code of conduct for surveyors and loss assessors under sub-sections (1) and (2) of section 64UM; (xa) the period for which a person may act as a surveyor or loss assessor under sub-section (3) of section 64UM;] 24[(y) the manner of exclusion of certain assets under sub-section (1), the manner of valuation of liabilities under sub-section (2) and time for furnishing statement under sub-section (3) of section 64V;] (z) the valuation of assets and liabilities under sub-section (3) of section 64V; 25[(za) the matters specified under sub-section (1) of section 64VA relating to sufficiency of assets;] (zaa) the manner of receipt of premium to be specified under sub-section (6) of section 64VB;] 26[(zab) the form, time, manner including authentication of the return giving details of solvency margin under sub-section (9) of section 64VA; (zac) the manner of opening and closing places of business under section 64VC;] (zb) the matters relating to re-insurance under sections 101A and 101B; 27[(zba) the norms for surrender value of life insurance policy under sub-section (1) of section 113;] (zc) the matters relating to redressal of grievances of policy-holders to protect their interest and to regulate, promote and ensure orderly growth of insurance industry; and (zd) any other matter which is to be, or may be, specified by the regulations made by the Authority or in respect of which provision is to be made or may be made by the regulations. (3) Every regulation made under this Act shall be laid, as soon as may be after it is made, before each House of Parliament, while it is in session, for a total period of thirty days which may be comprised in one session or in two or more successive sessions, and if, before the expiry of the session immediately following the session or the successive sessions aforesaid, both Houses agree in making any modification in the regulation or both Houses agree that the regulation should not be made, the regulation shall thereafter have effect only in such modified form or be of no effect, as the case may be; so, however, that any such modification or annulment shall be without prejudice to the validity of anything previously done under that regulation.]
1. Ins. by Act 41 of 1999, s. 30 and the First Schedule (w.e.f. 19-4-2000).
2. Subs. by Act 5 of 2015, s. 101, for clauses (a) and (aa) (w.e.f. 26-12-2014). 3. Subs. by Act 5 of 2015, s. 101, for clause (d) (w.e.f. 26-12-2014). 4. Ins. by s. 101, ibid. (w.e.f. 26-12-2014). 5. Clause (e) omitted by s. 101, ibid. (w.e.f. 26-12-2014). 6. Subs. by s. 101, ibid., for "under sub-section (1A) of section 11" (w.e.f. 26-12-2014). 7. Subs. by s. 101, ibid., for clause (g) (w.e.f. 26-12-2014). 8. Subs. by s. 101, ibid., for clause (h) (w.e.f. 26-12-2014). 9. Subs. by s. 101, ibid., clause (i) (w.e.f. 26-12-2014). 10. Subs. by s. 101, ibid., for clauses (ia), (ib), (ic), (id) and (ie) (w.e.f. 26-12-2014). 11. Subs. by Act 5 of 2015, s. 101, for clause (j) (w.e.f. 26-12-2014). 12. Ins. by s. 101, ibid. (w.e.f. 26-12-2014). 13. Clause (k) omitted by s. 101, ibid. (w.e.f. 26-12-2014). 14. Clause (l) omitted by s. 101, ibid. (w.e.f. 26-12-2014). 15. Subs. by s. 101, ibid., for clause (m) (w.e.f. 26-12-2014). 16. Clause (n) omitted by s. 101, ibid. (w.e.f. 26-12-2014). 17. Subs. by s. 101, ibid., for clause (o) (w.e.f. 26-12-2014). 18. Clause (p) omitted by s. 101, ibid. (w.e.f. 26-12-2014). 19. Ins. by Act 42 of 2002, s. 17 (w.e.f. 23-9-2002). 20. Clause (va) omitted by Act 5 of 2015, s. 101 (w.e.f. 26-12-2014). 21. The words, brackets and figure "sub-section (2) of" omitted by s. 101, ibid. (w.e.f. 26-12-2014). 22. Clause (w) omitted by s. 101, ibid. (w.e.f. 26-12-2014). 23. Subs. by s. 101, ibid., for clause (x) (w.e.f. 26-12-2014). 24. Subs. by s. 101, ibid., for clause (y) (w.e.f. 26-12-2014). 25. Subs. by s. 101, ibid., for clause (za) (w.e.f. 26-12-2014). 26. Ins. by s. 101, ibid. (w.e.f. 26-12-2014). 27. Ins. by s. 101, ibid. (w.e.f. 26-12-2014). | ||||||||||||||||
Related Section(s)1[114A. Power of Authority to make regulations.--(1) The Authority may, by notification in the
Official Gazette, make regulations consistent with this Act and the rules made thereunder, to carry out the
purposes of this Act.
(2) In particular, and without prejudice to the generality of the foregoing power, such regulations may provide for all or any of the following matters, namely: -- 2[(a) manner of making application for registration and documents to be accompanied under sub-section (2) of section 3;] (b) the manner of suspension or cancellation of registration under sub-section (5E) of section 3; (c) such fee, not exceeding five thousand rupees, as may be determined by the regulations for issue of a duplicate certificate of registration under subsection (7) of section 3; 3[(d) such annual fee to the Authority and manner of payment under sub-section (1) of section 3A;] 4 [(da) such minimum annuity and other benefits to be secured by the insurer under section 4; (daa) determination of preliminary expenses that may be excluded for calculation of the stipulated paid-up equity capital for the insurers under sub-section (1) of section 6; (db) such equity capital and such forms of capital including hybrid capital required under sub-section (I) of section 6A;] 5* * * * * 4[(ea) separation of account of all receipts and payments in respect of each classes and sub-classes of insurance business as required under sub-section (1) and sub-section (2AA) of section 10; and its waiver under the said section;] (f) the preparation of balance-sheet, profit and loss account and a separate account of receipts and payments and revenue account 6[under sub-section (1) of section 11]; 7[(g) the manner in which an abstract of the report of the actuary to be specified and the form and manner in which the statement referred to in section 13 shall be appended;] 4[(ga) maintenance of records of policies and claims under clause (c) of sub-section (1) of section 14; (gb) manner and form of issuance of policies in electronic form under sub-section (2) of section 14;] 8[(h) the fee for procuring a copy of return or any part thereof under sub-section (I) of section 20;] 9[(i) investment of assets and further provisions regarding investments by an insurer and investment by insurers in certain cases under sections 27, 27A, 27B, 27C and time, manner and other conditions of investment of assets under section 27D;] 10[(ia) the form in which a return giving details of investments made, time and manner including its authentication under section 28; (ib) the loans including the loans sanctioned to the full-time employees of the insurer under clause (a) of sub-section (3) of section 29; (ic) the sum to be paid by the insurer to any person under section 31B; (id) the obligation of insurer in respect of rural or social or unorganised sector and backward classes under sections 32B and 32C; (ie) the minimum percentage of insurance business in third party risks of motor vehicles under section 32D;] 11[(j) the minimum information to be maintained by insurers or intermediary or insurance intermediary, as the case may be, in their books, the manner in which such information shall be maintained, the checks and other verifications in that connection and all other matters incidental thereto under sub-section (7) of section 33;] 12[(ja) the form in which balance-sheets in respect of the insurance business of each of the insurers concerned and the manner in which actuarial reports and abstracts in respect of the life insurance business are to be prepared under clauses (b) and (c) of sub-section (3) of section 35; (jb) the manner of assessment of compensation under the proviso to sub-section (4A) of section 37A; (jc) the fee to be charged by the insurer under sub-section (3) of section 39; (jd) the manner and amount of remuneration or reward to be paid or received by way of commission or otherwise to an insurance agent or an intermediary or insurance intermediary under section 40; (je) the manner and form of expenses of management under sections 40B and 40C;] 13* * * * * 14* * * * * 15[(m) the requisite qualifications or practical training or examination to be passed for appointment as an insurance agent under clause (e) of sub-section (3) of section 42;] 16* * * * * 17[(o) the code of conduct under clause (h) of sub-section (3) of section 42;] 18* * * * *] (q) the manner and the fees for issue of a licence to an intermediary or an insurance intermediary under sub-section (1) of section 42D; (r) the fee and the additional fee to be determined for renewal of licence of intermediaries or insurance intermediaries under sub-section (3) of section 42D; (s) the requisite qualifications and practical training of intermediaries or insurance intermediaries under clause (e) of sub-section (5) of section 42D; (t) the examination to be passed to act as an intermediary or insurance intermediary under clause (f) of sub-section (5) of section 42D; (u) the code of conduct under clause (g) of sub-section (5) of section 42D; (v) the fee for issue of duplicate licence under sub-section (7) of section 42D; 19[ 20* * * * * (vb) the requirements of capital, form of business and other conditions to act as an intermediary or insurance intermediary under 21*** section 42E; (vc) the form of balance-sheet, as may be specified by the Authority under sub-section (1) of section 49;] 22* * * * * 23[(x) academic qualifications and code of conduct for surveyors and loss assessors under sub-sections (1) and (2) of section 64UM; (xa) the period for which a person may act as a surveyor or loss assessor under sub-section (3) of section 64UM;] 24[(y) the manner of exclusion of certain assets under sub-section (1), the manner of valuation of liabilities under sub-section (2) and time for furnishing statement under sub-section (3) of section 64V;] (z) the valuation of assets and liabilities under sub-section (3) of section 64V; 25[(za) the matters specified under sub-section (1) of section 64VA relating to sufficiency of assets;] (zaa) the manner of receipt of premium to be specified under sub-section (6) of section 64VB;] 26[(zab) the form, time, manner including authentication of the return giving details of solvency margin under sub-section (9) of section 64VA; (zac) the manner of opening and closing places of business under section 64VC;] (zb) the matters relating to re-insurance under sections 101A and 101B; 27[(zba) the norms for surrender value of life insurance policy under sub-section (1) of section 113;] (zc) the matters relating to redressal of grievances of policy-holders to protect their interest and to regulate, promote and ensure orderly growth of insurance industry; and (zd) any other matter which is to be, or may be, specified by the regulations made by the Authority or in respect of which provision is to be made or may be made by the regulations. (3) Every regulation made under this Act shall be laid, as soon as may be after it is made, before each House of Parliament, while it is in session, for a total period of thirty days which may be comprised in one session or in two or more successive sessions, and if, before the expiry of the session immediately following the session or the successive sessions aforesaid, both Houses agree in making any modification in the regulation or both Houses agree that the regulation should not be made, the regulation shall thereafter have effect only in such modified form or be of no effect, as the case may be; so, however, that any such modification or annulment shall be without prejudice to the validity of anything previously done under that regulation.]
1. Ins. by Act 41 of 1999, s. 30 and the First Schedule (w.e.f. 19-4-2000).
2. Subs. by Act 5 of 2015, s. 101, for clauses (a) and (aa) (w.e.f. 26-12-2014). 3. Subs. by Act 5 of 2015, s. 101, for clause (d) (w.e.f. 26-12-2014). 4. Ins. by s. 101, ibid. (w.e.f. 26-12-2014). 5. Clause (e) omitted by s. 101, ibid. (w.e.f. 26-12-2014). 6. Subs. by s. 101, ibid., for "under sub-section (1A) of section 11" (w.e.f. 26-12-2014). 7. Subs. by s. 101, ibid., for clause (g) (w.e.f. 26-12-2014). 8. Subs. by s. 101, ibid., for clause (h) (w.e.f. 26-12-2014). 9. Subs. by s. 101, ibid., clause (i) (w.e.f. 26-12-2014). 10. Subs. by s. 101, ibid., for clauses (ia), (ib), (ic), (id) and (ie) (w.e.f. 26-12-2014). 11. Subs. by Act 5 of 2015, s. 101, for clause (j) (w.e.f. 26-12-2014). 12. Ins. by s. 101, ibid. (w.e.f. 26-12-2014). 13. Clause (k) omitted by s. 101, ibid. (w.e.f. 26-12-2014). 14. Clause (l) omitted by s. 101, ibid. (w.e.f. 26-12-2014). 15. Subs. by s. 101, ibid., for clause (m) (w.e.f. 26-12-2014). 16. Clause (n) omitted by s. 101, ibid. (w.e.f. 26-12-2014). 17. Subs. by s. 101, ibid., for clause (o) (w.e.f. 26-12-2014). 18. Clause (p) omitted by s. 101, ibid. (w.e.f. 26-12-2014). 19. Ins. by Act 42 of 2002, s. 17 (w.e.f. 23-9-2002). 20. Clause (va) omitted by Act 5 of 2015, s. 101 (w.e.f. 26-12-2014). 21. The words, brackets and figure "sub-section (2) of" omitted by s. 101, ibid. (w.e.f. 26-12-2014). 22. Clause (w) omitted by s. 101, ibid. (w.e.f. 26-12-2014). 23. Subs. by s. 101, ibid., for clause (x) (w.e.f. 26-12-2014). 24. Subs. by s. 101, ibid., for clause (y) (w.e.f. 26-12-2014). 25. Subs. by s. 101, ibid., for clause (za) (w.e.f. 26-12-2014). 26. Ins. by s. 101, ibid. (w.e.f. 26-12-2014). 27. Ins. by s. 101, ibid. (w.e.f. 26-12-2014). |
