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[Cites 0, Cited by 1] [Section 31A(1)] [Section 31A] [Entire Act]

Union of India - Subsection

Section 31A(1)(b) in The Insurance Act, 1938

(b)be directed or managed by, or employ as manager or officer or in any capacity, any person whose remuneration or any part thereof takes the form of commission or bonus or a share in the valuation surplus in respect of the life insurance business of the insurer, or