Penalty for carrying on insurance business in contravention of sections 3
Section 103 of the Insurance Act, 1938 deals with penalty for carrying on insurance business in contravention of sections 3. If a person carries on the business of insurance without obtaining a certificate of registration under section 3, he shall be liable to a penalty not exceeding rupees twenty-five crores and with imprisonment which may extend to ten years.] The Act came into force on 01 Jul 1939.
1[103. Penalty for carrying on insurance business in contravention of section 3.--If a person carries on the business of insurance without obtaining a certificate of registration under section 3, he shall be liable to a penalty not exceeding rupees twenty-five crores and with imprisonment which may extend to ten years.]
Section 103, The Insurance Act, 1938 (Act 4 of 1938).
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
This section refers to
Questions about Section 103
What does Section 103 of the Insurance Act deal with?
Section 103 of the Insurance Act is headed "Penalty for carrying on insurance business in contravention of sections 3". [103. Penalty for carrying on insurance business in contravention of section 3.--If a person carries on the business of insurance without obtaining a certificate of registration under section 3, he shall be liable to a penalty not exceeding rupees twenty-five crores and with imprisonment which may e
How do I find court cases under Section 103 of the Insurance Act?
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: Insurance Act 1938 103, section 103 Insurance Act 1938, section 103 of the Insurance Act. 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 103 of the Insurance Act, and has it changed?
Its own text turns on section 3 (Registration), so none of them can safely be read on its own.
When did Section 103 of the Insurance Act come into force?
Section 103 of the Insurance Act, cited as Insurance Act 1938 103, came into force on 01 Jul 1939, having been enacted on 26 Feb 1938. It is in force as at the date shown on this page.
Other sections of this Act
- 37A. Power of Authority to prepare Scheme of Amalgamation1733 words
- 3. Registration1612 words
- 2. Definitions1604 words
- 106. Power of Court to order restoration of property of insurer or compensation in certain cases1514 words
- 114A. Power of Authority to make regulations1275 words
- 6A. Requirements as to capital structure and voting rights and maintenance of registers beneficial owners of shares1136 words
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. Text as in force on 17 Oct 2026. This page is not a substitute for legal advice.