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[Cites 0, Cited by 0] [Section 9] [Entire Act]

State of Odisha - Subsection

Section 9(6) in The Orissa Legislative Assembly Members' Jeep, Motor Cycle, Scooter or a Like Vehicle Advance Rules, 1986

(6)If the jeep, motor cycle, scooter or a like vehicle purchased has not been insured within the prescribed period or has not been reinsured before the expiry of the period of policy, the Accountant-General, Orissa, shall call upon the member either to refund the outstanding balance at once or to produce evidence of insurance or reinsurance, as the case may be, within 10 days of receipt of the notice served in that behalf by the Accountant-General, Orissa. The amount for which the jeep, motor cycle, scooter or a like vehicle is insured during any period shall not be less than balance of the advance together with the interest outstanding at the beginning of that period and the insurance shall be renewed from time to time until the amount due is completely repaid. If, at any time and for any reason, the amount insured under a current policy is less than the outstanding balance of the advance together with the interest the member shall refund the difference to Government. The amount to be refunded shall be recovered in not more than 3 monthly instalments.