THE GAZETTE of India
EXTRAORDINARY
PART II-Section 3—Sub-section (ii)
PUBLISHED BY AUTHORITY
No. 270] NEW DELHI, SATURDAY, DECEMBER 28, 1963/PAUSA 7, 1885
MINISTRY OF FINANCE
(Department of Economic Affairs)
NOTIFICATIONS
New Delhi, the 28th December 1983
S.O. 3601.—In exercise of the powers conferred by sub-section (5) of section 5 of the Emergency Risks (Goods) Insurance Act, 1962 (62 of 1962), the Central Government hereby makes the following scheme further to amend the Emergency Risks (Goods) Insurance Scheme issued with the notification of the Government of India in the Ministry of Finance (Department of Economic Affairs) No. S.O. 3045. dated the 26th December, 1962, namely:—
1. (1) This Scheme may be called the Emergency Risks (Goods) Insurance (Fourth Amendment) Scheme, 1963
(2) It shall come into force on the first day of January, 1964.
2. In the Emergency Risks (Goods) Insurance Scheme, for paragraph 10, the following paragraph shall be substituted, namely:—
"10. Rate of premium.—(1) The premium payable under any policy of insurance in respect of the quarter ending on the 31st day of March, 1964, shall,-
(a) In the case of a person having a policy in force on the 31st day of
December, 1963, be nil;
(b) in any other case, be such amount (not exceeding six naye paise for every hundred rupees or part thereof of the sum insured), as the Central Government may, in its discretion, fix at any time after the 31st day of March, 1964 but before the date on which the Act ceases to be in force, having regard, among other things, to—
(i) the nature of the risk.
(ii) the claims, if any, paid under this scheme;
(iii) the period for which protection is granted under this scheme.
(2) For the removal of doubts, it is hereby declared that nothing contained in clause (b) of sub-paragraph (1) shall be deemed to prevent the Central Government from fixing the premium even in respect of such
gO,2 THE GAZETTE OF INDIA IXTBAOWMNAHY (PAW D~SML S(U)]S.O. 3602.—In exercise of the powers conferred by sub-section (8) at section 3 of the Emergency Risks (Factories) Insurance Act, 1962 (63 of 1962), the Central Government hereby makes the following scheme further to amend the Emergency Risks (Factories) Insurance Scheme published with the notification of the Govern- ment of India in the Ministry of Finance (Department of Economic Affairs) No. S.O. 3946, dated the 26 th December, 1982, namely:—
1. (1) This Scheme may be called the Emergency Risks (Factories) Insurance (Fourth Amendment) Scheme, 1963.
(2) It shall come into force on the first day of January, 1984.
2. In the Emergency Risks (Factories) Insurance Scheme, for paragraph ", the following paragraph shall be substituted, namely:—
"8. Rate of premium.—(]) The premium payable under any policy of insurance in respect of the quarter ending on the 31st day of March, 1964, ahall,-^
(a) in the case of a person having a policy in force on the 31st day of
December, 1W3, be nil;
(b) in any other case, be such amount (not exceeding ten naye paise for every hundred rupees or part thereof of the sum insured), as the Central Government may, in its discretion, fix at any time after the 31st day of March, 19fi4 but before the date on which the Act ceasee to be in force, having regard, among other things, to—
(i) the nature of the risk, (ii) the claims, if any, paid under this scheme; (iii> the period for which protection is granted under this scheme.
(2) For the removal of doubts, it is hereby declared that nothing contained in clause (b) of sub-paragraph (1) shall be deemed to prevent the Central Government from fixing the premium even in respect of such other case ua nil".
!
tNo. V. 101(189)-rNS/I/83-EEI(n).]
A. BAKSI, Jt 5"cy.