Power of Central Government to impose reciprocal disabilities on non-Indian companies
Section 62 of the Insurance Act, 1938 deals with power of Central Government to impose reciprocal disabilities on non-Indian companies. Where, by the law or practice of any country outside India in which an insurer carrying on insurance business in [India] is constituted, incorporated or domiciled, insurance companies incorporated in [India] are required as a condition of carrying on insurance business in that country to comply with The Act came into force on 01 Jul 1939.
Where, by the law or practice of any country outside India in which an insurer carrying on insurance business in 1[India] is constituted, incorporated or domiciled, insurance companies incorporated in 1[India] are required as a condition of carrying on insurance business in that country to comply with any special requirement whether as to the keeping of deposits or assets in that country or otherwise which is not imposed upon insurers of that country under this Act, the Central Government shall, if satisfied of the existence of such special requirement, by notification in the Official Gazette, direct that the same requirement, or requirements as similar thereto as may be, shall be imposed upon insurers of that country as a condition of carrying on the business of insurance in 1[India].
Section 62, 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.
Referred to by 1
Questions about Section 62
What does Section 62 of the Insurance Act deal with?
Section 62 of the Insurance Act is headed "Power of Central Government to impose reciprocal disabilities on non-Indian companies". Where, by the law or practice of any country outside India in which an insurer carrying on insurance business in [India] is constituted, incorporated or domiciled, insurance companies incorporated in [India] are required as a condition of carrying on insurance business in that country to comply with
How do I find court cases under Section 62 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 62, section 62 Insurance Act 1938, section 62 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 62 of the Insurance Act, and has it changed?
1 other provision in this corpus refers back to it.
When did Section 62 of the Insurance Act come into force?
Section 62 of the Insurance Act, cited as Insurance Act 1938 62, 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.