Subject NOT available · Indian Gazettes

click here for IIIF manifest

REGISTERED No. D. 221

The Gazette of India

EXTRAORDINARY

PART II—Section 3—Sub-section (ii)

PUBLISHED BY AUTHORITY

No. 331] NEW DELHI, FRIDAY, DECEMBER 24, 1965/PAUSA 3, 1887

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 24th December 1965

S.O. 3984.—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 '(Sixth Amendment) Scheme, 1965.

(2) If shall come into force on the first day of January, 1966. 2. In the Emergency Risks (Goods) Insurance Scheme, 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 issued in respect of the quarter ending on the 31st March, 1966, shall be payable at the rate of ten paise for every hundred rupees or any part thereof of the sum insured. (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 nub-paragraph (I) involves a fraction of a rupee, the premium shall be rounded off to ( 1337 ) I338 T HE GAZETTE OF INDIA EXTRAORDINARY [PART II-SBC. 8(11)] the nearest rupee. The premium shall be payable in one lump sum in respect of the entire Quarter for which the policy ia 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 lnsurable 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 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 oft 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."

[No. F. 101(8)-INS.I/65-ERI-I.1

e °* t hf Powers conferred by sub-section (6) of section

IPd Ia ln t he MlTlls+ry of Finance (Department of Economic J

A. RAJAOOPALAN. Officer nn Social Duty & Ex-offtcio Jt. Secy. FwnrrED rw IOTHA BT T HE OENXRAL MANAGER, GOVERNMENT OF TWTA PFWHN WBW DELHI AND FTTBLIHHBD BY THB MANAGER OF PUBLICATTONa, DELHI, 1WB

~«n ex%Hia 3 of the Emergency Risks (Factories) Insurance Act, 1982 (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 *« i O'exI?lmSn« ot Affairs) No. S.O. 3946, dated the 2fith December, 1982, namely:— ,o, ;, (ll TM? S c l?e nle m ay be c a l l ed the Emergency Risks (Factories) Insurance (Sixth Amendment) Scheme, 1965, (2) It shall come Info force on the first day of January, 1966. .. \ *n ^ Emergency Risks (Factories') Insurance Scheme for Darnm-™*, it the following paragraph shall b<> substituted, namely:— Paragraph 8, "8. Rate of Premium. XX) Subject to the provisions of sub-paragraph r(2) the premium payable under any policy of Insurance issued in respect of the miartU Pnd&rt on the 31st March, 1966, shall be payable aTthe rate of fifteen D »^ for every hundred rupees or any part thereof of the sum insured (2) The Central Government may, in its discretion, at any time during the said quarter, revise the premium payable u n to ZT poHcies referred to in sub-paragraph (1). policies (») Where the amount of any premium payable under sub-paragraph (1) Involves a fraction of a rupee, the premium shall b« rounded off to the nearest ruoee. The premium shall be nayahl* In on* lump sum in respect of the entire quarter for which the policy is 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 equivalent to the amount payable ln respect of factories insurahle during the entire quarter reduced by an amount which bears to the first mentioned amount the Same proportion ai thp number of com- pleted months ln that quarter before the factory becomes lnsurnble °L^S l ' ]E U r ed b e a rs *9 t h r e e- t he a c tUal amount due in accordance with this proviso if it involves a fraction h^lng rounded off to the nearest rupee. r(4) Where the premium has been revised under sub-paragraph (2) the provisions contained In the proviso to sub-nnrHtrranh (3i shall nnnlv for the purpose of calculation of the additional amount of crjurlvinf payable or of the amount of premium re'undahle. as th^'eaHr may be, as a result of such revision, as if all the policies rfrne into force on the date of such revision." [No. F. 10l(8MNS.T/fl?i-F,RT-II.l ↩