Section 30. Amendment of Act 4 of 1938

30. Amendment of Act 4 of 1938.— The Insurance Act, 1938 shall be amended in the manner specified in the First Schedule to this Act. 30. Section 64UA, in sub-section (1), in sub-clause (a), for "Controller of Insurance", substitute "Chairperson of the Authority". — 31. Section 64UB, (a) for sub-section (1), substitute the following: — "(1) The Authority may, by notification in the Official Gazette, make regulations to carryout the purposes of this Part."; (b) in sub-section (2), for "rules", substitute "regulations"; (c) in sub-section (3), for "Central Government" at both the places where it occur, substitute "Authority"; (d) in sub-section (5), for "Controller of Insurance", substitute "Chairperson of the Authority".