39. Insertion of new section 95A in the principal enactment

The following new section is hereby inserted immediately after section 95 of the principal enactment and shall have effect as section 95A of that enactment:—

95A. The Board shall have the authority by rules made in that behalf, to require the paid up share capital of insurers and brokers to be increased and it shall be the duty of all insurers and brokers, as the case may be, to comply with such requirement.”.