REGISTERED No. D. 221 जिस्ट्री बं० डी-221
भारत की राजपत्र The Gazette of India
EXTRAORDINARY
भाग 11 खण्ड 3 उपरपड ( ii )
PART II- Section 3- Sub - section ( ii )
प्राधिकार से प्रकाशित
PUBLISHED BY AUTHORITY
नई विल्ली , सोमवार, जून 28, 1965/प्रत्षाद 7, 1887
नं० 140] No. 140]
NEW DELHI , MONDAY , JUNE 28 , 1965 / ASADHA 7 , 1887
इस भाग में भिन्न वृष्ण्क संख्या दी जाती है जिससे कि वह अलग संकलम के रूप में रखा जा सके ।
Separate paging is given to this Part in order that it may be filed as a separate compilation
MINISTRY OF FINANCE
(Department of Company Affairs & Insurance )
NOTIFICATIONS
New Delhi , the 28th June 1965
8.0. 2054. 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. 3945 , dated the 26th December , 1962 , namely:-
1. ( 1 ) This Scheme may be called the Emergency Risks ( Goods ) Insurance (Second Amendment ) Scheme , 1965 .
(2) It shall come into force on the first day of July, 1965 .
2. In the Emergency Risks ( Goods ) Insurance Scheme ,-
(a) for paragraph 10 , the following paragraph shall be substituted, namely : -- " 10. Rate of Premium .- ( 1 ) Subject to the provisions of sub - paragraph ( 2 ) the premium payable under any policy of insurance in respect of the quarter ending on the 30th day of September , 1965 , shall , - (a) in the case of a policy in force on the 30th day of June , 1965 , be nil ;
(b) in any other case , at the rate of six paise for every hundred rupees or any part thereof, of the sum insured , subject to a maximum of twenty- Ave rupees ,
(605 ) 606
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( 2 ) The Central Governraent may , in its discretion , at any time during the said quarter , revise the premium payable under the policies referred to in sub -paragraph ( 1 ) .
( 3 ) Where the amount of any premium payable under clause ( b ) of sub- paragraph ( 1 ) involves a fraction of a rupee , the premium shall be rounded off to the nearest rupee . The premium shall be payable in one lump sum in respect of the entire quarter for which the policy is or is continued in force:
Provided that if any goods become insurable or are insured under this Scheme after the commencement of the quarter , the premium shall be payable in one lump sum , which shall be equivalent to the amount payable in respect of goods insurable during the entire quarter re- duced by an amount which bears to the first mentioned amount the same proportion as the number of completed months in that quarter before the goods become insurable or are insured bears to three , the actual amount due in accordance with this proviso if it involves a fraction being rounded off to the nearest rupee .
(4) Where the premium has been revised under sub - paragraph ( 2 ) , the provisions contained in the proviso to sub - paragraph ( 3 ) shall apply for the purpose of calculation of the additional amount of premium payable or of the amount of premium refundable , as the case may be, as a result of such revision , as if all the policies came into force on the date of such revision . "
(b) In the form of policy of insurance set out in the Second Schedule , under the Heading " Conditions " , after the first condition , the following condition shall be inserted , namely:-
" 1A. The Insured shall pay the additional premium , if any, that is to say, the additional amount by way of premium over and above that speci- fled under the heading "The Specification " which he would be liable to pay as a consequence of any revision of the rate of premium under paragraph 10 of the Emergency Risks ( Goods ) Insurance Scheme and if he fails to pay such additional amount within a period of seven days from the date on which he becomes so liable, the policy shall cease to be in force with effect from the aforesaid date and all benefits under the policy shall be forfeited ."
[No. F. 101 ( 8 ) -INS.I / 65 - ERI ( i ) . ]
S.O. 2055.-In exercise of the powers conferred by sub - section ( 6 ) of 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 issued with the notification of the Govern- ment of India in the Ministry of Finance ( Department of Economic Affairs ) No. S.O. 3946 , dated the 26th December , 1962 , namely:--
1. ( 1 ) This Scheme may be called the Emergency Risks ( Factories ) Insurance (Second Amendment ) Scheme , 1965 .
(2) It shall come into force on the first day of July , 16.65 .
2. In the Emergency Risks ( Factories ) Insurance Scheme ,-
(a) for paragraph 8 , the following paragraph shall be substituted , namely: -
" 8. Rate of Premium .- ( 1 ) Subject to the provisions of sub - paragraph ( 2 ) . the premium payable under any policy of insurance in respect of the quarter ending on the 30th day of September , 1965 , shall,-
(a) in the case of a policy in force on the 30th day of June , 1965 , be nil .
( b ) in any other case , at the rate of ten paise for every hundred rupees or any part thereof , of the sum insured , subject to a maximum of twenty - five rupees .
( 2) The Central Government may , in its discretion , at any time during the said quarter , revise the premium payable under the policies referred to in sub -paragraph ( 1) .
( 3 ) Where the amount of any premium payable under clause ( b ) of sub- paragraph ( 1 ) involves a fraction of a rupee , the premium shall be THE GAZETTE OF INDIA EXTRAORDINARY
SEC . 8 ( 11 ) ]
607
rounded off to the nearest rupee . The premium shall be payable in one lump sum in respect of the entire quarter for which the policy is or is continued in force:
Provided that if any factory becomes insurable or is insured under this Scheme after the commencement of the quarter , the premium shall be payable in one lump sum , which shall be equivalent to the amount payable in respect of factories insurable during the entire quarter reduced by an amount which bears to the first mentioned amount the same proportion as the number of completed months in that quar . ter before the factory becomes insurable or is insured bears to three , the actual amount due in accordance with this proviso if it involven a fraction being rounded off to the nearest rupee .
(4) Where the premium has been revised under sub- paragraph ( 2 ) , the provisions contained in the proviso to sub - paragraph ( 3 ) shall apply for the purpose of calculation of the additional amount of premium payable or of the amount of premium refundable, as the case may be, as a result of such revision , as if all the policies came into force on the date of such revision ." ;
(b) in the form of policy of Insurance set out in the Second Schedule , under the headingheading "Co" Conditions " , after the first condition , the following condition shalt be inserted , namely:---
" 1A. The Insured shall pay the additional premium , if any, that is to say , the additional amount by way of premium over and above that speci- filed under the heading "The Specification " which he would be liable to pay as a consequence of any revision of the rate of premium under paragraph 8 of the Emergency Risks ( Factories ) Insurance Scheme and if he fails to pay such additional amount within a period of seven days from the date on which he becomesecomes so liable, the policy shall cease to be in force with effect from the aforesaid date and all bene- fits under the policy shall be forfeited ."
[No. F. 101 ( 8 ) -INS.1 /65 - ERI ( li ) . ]
A. RAJAGOPALAN ,
Officer on Special Duty & Ex - Officio Jt . Secy .
PRINTED IN INDIA BY THE GENERAL MANAGER , GOVERNMENT OF INDIA PRESS , NEW DELHI AND PUBLISHED BY THE MANAGER OF PUBLICATIONS . DELHI , 1985