View All - 1979 Acts
Section No :  
Acts & Ordinances
INSURANCE (SPECIAL PROVISIONS)
Marginal Notes
1. This Act may be cited as the Insurance (Special Provision) Act, No. 22 of 1979.
2. Incorporation Order for the establishment of a subsidiary corporation.
3. Incorporation Order for the establishment of an independent corporation.
4. Provisions of this Part to apply to subsidiary and independent corporations.
5. The seal of the Corporation.
6. The general control of the corporation vested in the Board of Directors.
7. Members of corporation.
8. Board of Directors.
9. Remuneration of Directors.
10. Chairman of the Board of Directors.
11. Procedure at meetings of the Board.
12. Acts not invalidated by vacancy.
13. Capital of the corporation.
14. Division of the capital into shares and the basis of allotment.
15. Register of shareholders.
16. Fund of the corporation.
17. Functions of the corporation.
18. Powers of the corporation.
19. Contracts of corporation.
20. Staff of the corporation.
21. Duty of every corporation to reinsure with the Insurance Corporation.
22. Persons. authorized to act on behalf of corporation.
23. Receipts.
24. Provisions of management services.
25. Profits of a corporation.
26. Powers of the Minister.
27. Power of the Minister to call for information.
28. Application of the provisions of the Companies Ordinance.
29. Indemnity of directors, officers and servants.
30. Regulations.
31. Officers and servants of the corporation deemed to be public servants.
32. Corporation deemed to be scheduled institution within the meaning of the Bribery Act.
33. Interpretation.
34. Dissolution of subsidiary corporation.
35. Dissolution of an independent corporation.
36. Application of the provisions of Part II of the Finance Act, No. 33 of 1971 ,to a subsidiary corporation.
37. Financial year of a subsidiary corporation.
38. Application of the provisions of Part II of the Finance Act, No. 38 of 1971, to an independent corporation.
39. Financial year of an independent corporation.
40. Interpretation.
41. Amendment of the long title of Act No. 2 of 1961.
42. Replacement of section 10 of the principal enactment.
43. Amendment of section 39 of the principal enactment.
44. Replacement of section 2 of Act No. 25 of 1962.