Section 2C: Prohibition of transaction of insurance business by certain persons

Q: What does Section 2C of The Insurance Act, 1938 (TIA) deal with?

Section 2C TIA pertains to "Prohibition of transaction of insurance business by certain persons". It is part of the The Insurance Act, 1938, a legislation enacted by the Parliament of India. Section 2C of The Insurance Act, 1938 (TIA) prohibits prohibition of transaction of insurance business by certain persons. As verified on 19 May 2026.

Q: Is Section 2C TIA still in force?

Yes, Section 2C of the The Insurance Act, 1938 is currently in force across the Republic of India.

Q: What is धारा 2C TIA?

धारा 2C TIA is the Devanagari Hindi reference for Section 2C of the The Insurance Act, 1938. Section 2C of The Insurance Act, 1938 (TIA) prohibits prohibition of transaction of insurance business by certain persons. As verified on 19 May 2026.

Q: What is Dhara 2C TIA?

Dhara 2C TIA is the Roman Hindi reference for Section 2C of the The Insurance Act, 1938. "Dhara" means "Section" in Hindi. Section 2C of The Insurance Act, 1938 (TIA) prohibits prohibition of transaction of insurance business by certain persons. As verified on 19 May 2026.

Q: How to cite Section 2C of The Insurance Act, 1938?

Cite as: "Section 2C, The Insurance Act, 1938 (TIA)" in legal briefs. For academic writing, use the BlueBook format: The Insurance Act, 1938, § 2C (India).

Law on Tips Editorial Board

(1)

Save as hereinafter provided, no person shall, after the commencement of the Insurance (Amendment) Act, 1950, begin to carry on any class of insurance business in India and no insurer carrying on any class of insurance business in India shall after the expiry of one year from such commencement, continue to carry on any such business unless he is—

(a) a public company, or

(b) a society registered under the Co-operative Societies Act, 1912 (2 of 1912), or under any other law for the time being in force in any State relating to co-operative societies, or

(c) a body corporate incorporated under the law of any country outside India not being of the nature of a private company:

(2)

Every notification issued under sub-section (1) shall be laid before Parliament as soon as may be after it is issued.

(3)

Notwithstanding anything contained in sub-section (1), an insurance co-operative society may carry on any class of insurance business in India under this Act on or after the commencement of the Insurance (Amendment) Act, 2002.