The Unrepealed Central Acts with Chronological Table and Index from 1938 to 1940

(9B) Where susection (9A) applies — (a) if the cash realised by the sale of or on the maturing of the securities (excluding in the former ode the interest accrued) falls short of the market value of the securities at the date on which they were deposited with the Bank the insurer shall make good the deficiency by a further deposit either in cash or in approved securities estimated at the market [...] (2) Unless the insurer It a company 3[ as defined in clause (2) of sub-section (1) of section 2 of the Indian Companies Act 1913] the accounts and vu statements referred to in sub-section (1) shall be signed by the insurer or in the case of a copany by the chairman if any and two directors and the principal officer of the company or in the case of a firm by two partners of the firm and [...] assignment or nomination of which the insurer has notice and (b) a register or record of claims in which shall be entered every claim made together with the date of the claim the name and adliress of the claimant' and the date on which the claim was discharged or in the ease of a claim which is rejected the date of rejetion and the grounds therefor. [...] 1[(2) The provisions of section 88D of the Indian VLI of talti Companies Act 1913 8411 not apply to a loan granted to a director of an insurer being a company if the loan is one granted on the security of a policy on which the insurer bears the risk and the policy was issued to the director on his own life and the loan is within the surrender value of the policy.] 30. [...] (4) Upon the receipt of the notice referred to in sub-section (2) the insurer shall record the fact of such transfer or assignment together with the date thereof and the name of the transferee or the assignee and shall on the request of the person by whom the notice was given or of the transferee or assignee on payment of a fee not exceeding one rupee grant a written acknowledgment of the rec