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Section144
The Finance Act, 2019 (No. 2)

Amendment of Act 4 of 1938

In force As on 07 Oct 2026

Ministry Finance

Section 144 of the Finance Act, 2019 (No. 2) deals with amendment of Act 4 of 1938. PART II Amendment to the Insurance Act, 1938 Amendment of Act 4 of 1938 144.

PART II

Amendment to the Insurance Act, 1938

Amendment of Act 4 of 1938

144. In the Insurance Act, 1938, in section 6, after sub-section (2), the following sub-section shall be inserted, namely:--

"(3) No insurer, being a foreign company engaged in re-insurance business through a branch established in an International Financial Services Centre referred to in sub-section (1) of section 18 of the Special Economic Zones Act, 2005 (28 of 2005), shall be registered unless it has net owned funds of not less than rupees one thousand crore.".

Section 144, The Finance Act, 2019 (No. 2).

Cross-references

Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.

This section refers to

  1. s. 6 Amendment of section 10

Questions about Section 144

What does Section 144 of the Finance Act, 2019 (No. 2) deal with?

Section 144 of the Finance Act, 2019 (No. 2) is headed "Amendment of Act 4 of 1938". PART II Amendment to the Insurance Act, 1938 Amendment of Act 4 of 1938 144.

How do I find court cases under Section 144 of the Finance Act, 2019 (No. 2)?

In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Finance Act, 2019 (No. 2) 144, section 144 Finance Act, 2019 (No. 2), section 144 of the Finance Act, 2019 (No. 2). Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.

What should I read with Section 144 of the Finance Act, 2019 (No. 2), and has it changed?

Its own text turns on section 6 (Amendment of section 10), so none of them can safely be read on its own.

When was the Finance Act, 2019 (No. 2) enacted?

Finance Act, 2019 (No. 2) was enacted in 2019. India Code records no commencement date for it. It is in force as at the date shown on this page.

Other sections of this Act

Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Harvested from the Income Tax Department's own portal at incometaxindia.gov.in, which publishes the Finance Acts section by section. India Code carries none of them: its Central community holds the Acts that stand as general law, and a Finance Act is an amending and rate-fixing instrument. This page is not a substitute for legal advice.