Sri Lanka Consolidated Acts

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Insurance (Special Provisions) Act (No. 22 of 1979) - Sect 30

Regulations

30.
(1) The Minister may make regulations for the purpose of carrying out and giving effect to the principles and provisions of this Act.
(2) In particular and without prejudice to the generality of the powers conferred by subsection (1), the Minister may make regulations in respect of all or any of the following matters :
(a) the conduct and the management of the affairs of the corporation ;
(b) the control of the business activities of the corporation ; and
(c) any other matter to be prescribed or in respect of which regulations are authorized by this Act to be made.
(3) Every regulation made by the Minister shall be published in the Gazette and shall come into operation on the date of publication or on such later date as may be specified in the regulation.
(4) Every regulation made by the Minister shall as soon as convenient after its publication in the Gazette be brought before the Parliament for approval. Any regulation which is not so approved shall be deemed to be rescinded as from the date of disapproval but without prejudice to anything previously done thereunder.

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