Section 35. Application of Insurance Act

35. Application of Insurance Act.— Subject to such exceptions, restrictions and limitations, if any, as the Central Government may, by notification, specify in this behalf, the Insurance Act shall apply to or in relation to the Corporation and every acquiring company as if the Corporation or the acquiring company, as the case may be, were an insurer carrying on general insurance business within the meaning of that Act. 35A . [ Deduction of income-tax not to be made on interest or dividend payable to the Corporation, etc .] Omitted by The Finance Act 2002 (20 of 2002), s . 158 ( w.e.f . 1-6-2002).