The Insurance Regulatory and Development Authority Act, 1999 · VI — MISCELLANEOUS

Section 21. Chairperson, members, officers and other employees of Authority to be public servants

In force · As amended up to 2026-08

21. Chairperson, members, officers and other employees of Authority to be public servants.— The Chairperson, members, officers and other employees of the Authority shall be deemed, when acting or purporting to act in pursuance of any of the provisions of this Act, to be public servants within the meaning of section 21 of the Indian Penal Code (45 of 1860). 21. Section 33A, omit "Central Government or the". — 22. Section 34H, (a) in sub-section (1), — (i) for "Controller", substitute "Chairperson of the Authority"; (ii) for "an Assistant Controller of Insurance", substitute "an officer authorised by the Authority"; (b) in sub-sections (5) and (7), for "Controller" wherever it occurs, substitute "Chairperson of the Authority". — 23. Section 35, (a) in sub-section (1), for "sanctioned by the Controller", substitute "approved by the Authority"; (b) in sub-section (3), — (i) in the first paragraph, for "to sanction any such scheme", substitute "to approve any such scheme"; (ii) in the second paragraph, for "the amalgamation or transfer if sanctioned", substitute "the amalgamation or transfer if approved". — 24. Section 36, (a) in sub-section (1), for "may sanction the arrangement", substitute "may approve the arrangement"; (b) in sub-section (2), — (i) for "the insurers concerned in the amalgamation, the Controller may sanction", substitute "the insurers concerned in the amalgamation, the Authority may approve"; (ii) for "contracts as sanctioned by the Controller", substitute "contracts as approved by the Authority".

Source: India Code