Logo
Section 64VCCentral Act

Section 64VC: Restrictions on the opening of a new place of business.

1[64VC. Restrictions on opening of new place of business.--No insurer shall, after the commencement of the Insurance (Amendment) Act, 1968 (62 of 1968), open a new place of business or close a place in India or outside India or change otherwise than within the same city, town or village, the location of an existing place of business situated in India or outside India, except in the manner as may be specified by the regulations.]

1. Subs. by Act 5 of 2015, s. 84, for section 64VC (26-12-2014).

Advertisement

Disclaimer: This section is reproduced for general informational and reference purposes only. Always verify against the latest official gazette and consult a qualified advocate before relying on any provision.