Life Insurance Corporation of India (Re-appointment of Terminated Development Officers) Rules, 1990 amended (1st Amendment of 2016)

Dated 21st December, 2016 | Copy of | Finance Notification Sl.210 | 

In exercise of the powers conferred by sub-section (1) read with clause (cc) of sub-section (2) of section 48 of the Life Insurance Corporation Act, 1956 (31 of 1956), the Central Government hereby makes the following rules further to amend the Life Insurance Corporation of India (Re-appointment of Terminated Development Officers) Rules, 1990, namely:-

1. (1) These rules may be called the Life Insurance Corporation of India (Re-appointment of Terminated Development Officers) Amendment Rules, 2016.

    (2) They shall be deemed to have come into force on the 1st day of August, 2015.

2. In rule 3 of the Life Insurance Corporation of India (Re-appointment of Terminated Development Officers) Rules, 1990, in sub-rule (1), for the words “seven years”, the words “ten years” shall be substituted.

Sd/-
(N. Srinivasa Rao)
Economic Advisor

G.S.R.1162(E)
F.No.S-11011/02/2016-Ins.I
Issued by:
Ministry of Finance
(Department of Financial Services)
New Delhi