106A. Notice to and hearing of Authority
106A. Notice to and hearing of [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 [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 [Authority], and shall give him an opportunity of being heard.
The orders to which this section applies are the following, namely: —
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an order under section 36 sanctioning any arrangement for the transfer or amalgamation of life insurance business or any order consequential thereon;
an order for the winding up of an insurance company ***;
an order under section 58 confirming a scheme for the partial winding up of an insurance company;
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Amendment notes (6)
- Ins w.e.f. 10-4-1940 . Ins. by Act 20 of 1940, s. 14 (w.e.f. 10-4-1940).
- Subs w.e.f. 19-4-2000 . Subs. by Act 41 of 1999, s. 30 and the First Schedule, for "Controller" (w.e.f. 19-4-2000).
- omitted w.e.f. 26-12-2014 . Clause (a) omitted by Act 5 of 2015, s. 91 (w.e.f. 26-12-2014).
- omitted w.e.f. 26-12-2014 . Clause (b) omitted by s. 91, ibid. (w.e.f. 26-12-2014).
- omitted w.e.f. 26-12-2014 . The words "r a provident society" omitted by s. 91, ibid. (w.e.f. 26-12-2014).
- omitted w.e.f. 26-12-2014 . Clause (f) omitted by s. 91, ibid. (w.e.f. 26-12-2014).