1[The Authority may
specify] the circumstances in which, the manner in which, and the conditions subject to which, the
Executive Committee of the Life Insurance Council and the Executive Committee of the General
Insurance Council may hold joint meetings for the purpose of dealing with any matter of common interest
to both Committees, and it shall be lawful for the two Committees at any such joint meeting to delegate
any matter under consideration for the determination of a sub-committee appointed for this purpose from
amongst the members of the two Committees.
1. Subs. by Act 5 of 2015, s. 77, for "the Central Government may prescribe" (w.e.f. 26-12-2014).