Section 38A: [ Powers of Insurance Regulatory and Development Authority of India not to apply to International Financial Services Centre. [Inserted by International Financial Services Centres Authority Act, 2019 (50 of 2019).]

Q: What does Section 38A of The General Insurance Business (Nationalisation) Act, 1972 (TGIBNA) deal with?

Section 38A TGIBNA pertains to "[ Powers of Insurance Regulatory and Development Authority of India not to apply to International Financial Services Centre. [Inserted by International Financial Services Centres Authority Act, 2019 (50 of 2019).]". It is part of the The General Insurance Business (Nationalisation) Act, 1972, a legislation enacted by the Parliament of India. Section 38A of The General Insurance Business (Nationalisation) Act, 1972 (TGIBNA) governs [ Powers of Insurance Regulatory and Development Authority of India not to apply to International Financial Services Centre. [Inserted by International Financial Services Centres Authority Act, 2019 (50 of 2019).]. As verified on 19 May 2026.

Q: Is Section 38A TGIBNA still in force?

Yes, Section 38A of the The General Insurance Business (Nationalisation) Act, 1972 is currently in force across the Republic of India.

Q: What is धारा 38A TGIBNA?

धारा 38A TGIBNA is the Devanagari Hindi reference for Section 38A of the The General Insurance Business (Nationalisation) Act, 1972. Section 38A of The General Insurance Business (Nationalisation) Act, 1972 (TGIBNA) governs [ Powers of Insurance Regulatory and Development Authority of India not to apply to International Financial Services Centre. [Inserted by International Financial Services Centres Authority Act, 2019 (50 of 2019).]. As verified on 19 May 2026.

Q: What is Dhara 38A TGIBNA?

Dhara 38A TGIBNA is the Roman Hindi reference for Section 38A of the The General Insurance Business (Nationalisation) Act, 1972. "Dhara" means "Section" in Hindi. Section 38A of The General Insurance Business (Nationalisation) Act, 1972 (TGIBNA) governs [ Powers of Insurance Regulatory and Development Authority of India not to apply to International Financial Services Centre. [Inserted by International Financial Services Centres Authority Act, 2019 (50 of 2019).]. As verified on 19 May 2026.

Q: How to cite Section 38A of The General Insurance Business (Nationalisation) Act, 1972?

Cite as: "Section 38A, The General Insurance Business (Nationalisation) Act, 1972 (TGIBNA)" in legal briefs. For academic writing, use the BlueBook format: The General Insurance Business (Nationalisation) Act, 1972, § 38A (India).

Law on Tips Editorial Board

- Notwithstanding anything contained in any other law for the time being in force, the powers exercisable by the Insurance Regulatory and Development Authority of India under this Act, -

(a) shall not extend to an International Financial Services Centre set up under sub-section (1) of section 18 of the Special Economic Zones Act, 2005;

(b) shall be exercisable by the International Financial Services Centres Authority established under sub-section (1) of section 4 of the International Financial Services Centres Authority Act, 2019,