Section 6A: Requirements as to capital structure and voting rights and maintenance of registers of beneficial owners of shares

Q: What does Section 6A of The Insurance Act, 1938 (TIA) deal with?

Section 6A TIA pertains to "Requirements as to capital structure and voting rights and maintenance of registers of beneficial owners of shares". It is part of the The Insurance Act, 1938, a legislation enacted by the Parliament of India. Section 6A of The Insurance Act, 1938 (TIA) governs requirements as to capital structure and voting rights and maintenance of registers of beneficial owners of shares. As verified on 22 May 2026.

Q: Is Section 6A TIA still in force?

Yes, Section 6A of the The Insurance Act, 1938 is currently in force across the Republic of India.

Q: What is धारा 6A TIA?

धारा 6A TIA is the Devanagari Hindi reference for Section 6A of the The Insurance Act, 1938. Section 6A of The Insurance Act, 1938 (TIA) governs requirements as to capital structure and voting rights and maintenance of registers of beneficial owners of shares. As verified on 22 May 2026.

Q: What is Dhara 6A TIA?

Dhara 6A TIA is the Roman Hindi reference for Section 6A of the The Insurance Act, 1938. "Dhara" means "Section" in Hindi. Section 6A of The Insurance Act, 1938 (TIA) governs requirements as to capital structure and voting rights and maintenance of registers of beneficial owners of shares. As verified on 22 May 2026.

Q: How to cite Section 6A of The Insurance Act, 1938?

Cite as: "Section 6A, The Insurance Act, 1938 (TIA)" in legal briefs. For academic writing, use the BlueBook format: The Insurance Act, 1938, 1938, § 6A (India).

Law on Tips Editorial Board

(1)

No public company limited by shares having its registered office in India, shall carry on life insurance business or general insurance business or health insurance business or re-insurance business, unless it satisfies the following conditions, namely:—

(2)

Notwithstanding anything to the contrary contained in any law for the time being in force or in thememorandum or articles of association but subject to the other provisions contained in this section the voting right of every shareholder of any public company as aforesaid shall in all cases be strictly proportionate to the paid-up amount of the equity shares held by him.

(3)

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(4)

A public company as aforesaid which carries on life insurance business, general and health insurance business and re-insurance business—

(5)

Every person who has any interest in any share of a company referred to in sub-section (4) which stands in the name of another person in the register of members of the company, shall, within thirty days from the commencement of the Insurance (Amendment) Act, 1950, or from the date on which he acquires such interest, whichever is later, make a declaration in the prescribed form (which shall be countersigned by the person in whose name the shares is registered) to the company declaring his interest in such share, and notwithstanding anything contained in any other law or in any contract to the contrary, a person who fails to make a declaration as aforesaid in respect of any share shall be deemed to have no right or title whatsoever in that share:

Provided that nothing in this sub-section shall affect the right of a person who has an interest in any such share to establish in a Court his right thereto, if the person, in whose name the share is registered, refuses to countersign the declaration as required by this sub-section:

Provided further that where any share, belonging to an individual who has made any such declaration as is referred to in this sub-section is held by a company in its name in pursuance of any trust or for the purpose of safe custody or collection or realisation of dividend, such individual shall, notwithstanding anything contained in the Indian Companies Act, 1913 (7 of 1913)or in thememorandum or articles of association of the company which has issued the share, be deemed to be the holder of the said share for the purpose of exercising any voting rights under this section to the exclusion of any other person.

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(11)

The provisions of this section, , shall, on and from, the commencement of the Insurance (Amendment) Act, 1968, also apply to insurers carrying on general insurance business subject to the following modifications, namely:—