{"id":253446,"date":"2021-08-31T13:30:12","date_gmt":"2021-08-31T08:00:12","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=253446"},"modified":"2021-08-31T13:38:55","modified_gmt":"2021-08-31T08:08:55","slug":"general-insurance-business-nationalisation-amendment-act-2021-comes-into-force-w-e-f-august-27-2021","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2021\/08\/31\/general-insurance-business-nationalisation-amendment-act-2021-comes-into-force-w-e-f-august-27-2021\/","title":{"rendered":"General Insurance Business (Nationalisation) Amendment Act, 2021 comes into force w.e.f August 27, 2021"},"content":{"rendered":"<p style=\"text-align: justify;\">On August 27, 2021, the Ministry of Finance has issued the notification regarding enforcement date for the provisions of the General Insurance Business (Nationalisation) Amendment Act, 2021 which shall come into force on August 27, 2021.<\/p>\n<p style=\"text-align: justify;\">The objective of the General Insurance Business (Nationalisation) Amendment Act, 2021 to nationalise all private companies undertaking general insurance business in India.<\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<p style=\"text-align: center;\">Read our previous story for the highlights of the Act, <a href=\"https:\/\/www.scconline.com\/blog\/post\/2021\/08\/22\/4-subsidiary-companies-of-gic-privatised-vide-general-insurance-business-nationalisation-amendment-act-2021\/\">HERE<\/a><\/p>\n<hr \/>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On August 27, 2021, the Ministry of Finance has issued the notification regarding enforcement date for the provisions of the General Insurance <\/p>\n","protected":false},"author":8808,"featured_media":253447,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4,1193],"tags":[],"class_list":["post-253446","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legislationupdates","category-notifications"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>General Insurance Business (Nationalisation) Amendment Act, 2021 comes into force w.e.f August 27, 2021 | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.scconline.com\/blog\/post\/2021\/08\/31\/general-insurance-business-nationalisation-amendment-act-2021-comes-into-force-w-e-f-august-27-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"General Insurance Business (Nationalisation) Amendment Act, 2021 comes into force w.e.f August 27, 2021\" \/>\n<meta property=\"og:description\" content=\"On August 27, 2021, the Ministry of Finance has issued the notification regarding enforcement date for the provisions of the General Insurance\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.scconline.com\/blog\/post\/2021\/08\/31\/general-insurance-business-nationalisation-amendment-act-2021-comes-into-force-w-e-f-august-27-2021\/\" \/>\n<meta property=\"og:site_name\" content=\"SCC Times\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/scc.online\/\" \/>\n<meta property=\"article:published_time\" content=\"2021-08-31T08:00:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-08-31T08:08:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/MicrosoftTeams-image-182.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1331\" \/>\n\t<meta property=\"og:image:height\" content=\"888\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Bhumika Indulia\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Bhumika Indulia\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2021\\\/08\\\/31\\\/general-insurance-business-nationalisation-amendment-act-2021-comes-into-force-w-e-f-august-27-2021\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2021\\\/08\\\/31\\\/general-insurance-business-nationalisation-amendment-act-2021-comes-into-force-w-e-f-august-27-2021\\\/\"},\"author\":{\"name\":\"Bhumika Indulia\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/#\\\/schema\\\/person\\\/919ec47cc1b871b362af05740398033a\"},\"headline\":\"General Insurance Business (Nationalisation) Amendment Act, 2021 comes into force w.e.f August 27, 2021\",\"datePublished\":\"2021-08-31T08:00:12+00:00\",\"dateModified\":\"2021-08-31T08:08:55+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2021\\\/08\\\/31\\\/general-insurance-business-nationalisation-amendment-act-2021-comes-into-force-w-e-f-august-27-2021\\\/\"},\"wordCount\":78,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2021\\\/08\\\/31\\\/general-insurance-business-nationalisation-amendment-act-2021-comes-into-force-w-e-f-august-27-2021\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/wp-content\\\/uploads\\\/2021\\\/08\\\/MicrosoftTeams-image-182.jpg\",\"articleSection\":[\"Legislation Updates\",\"Notifications\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2021\\\/08\\\/31\\\/general-insurance-business-nationalisation-amendment-act-2021-comes-into-force-w-e-f-august-27-2021\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2021\\\/08\\\/31\\\/general-insurance-business-nationalisation-amendment-act-2021-comes-into-force-w-e-f-august-27-2021\\\/\",\"url\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2021\\\/08\\\/31\\\/general-insurance-business-nationalisation-amendment-act-2021-comes-into-force-w-e-f-august-27-2021\\\/\",\"name\":\"General Insurance Business (Nationalisation) Amendment Act, 2021 comes into force w.e.f August 27, 2021 | SCC Times\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2021\\\/08\\\/31\\\/general-insurance-business-nationalisation-amendment-act-2021-comes-into-force-w-e-f-august-27-2021\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2021\\\/08\\\/31\\\/general-insurance-business-nationalisation-amendment-act-2021-comes-into-force-w-e-f-august-27-2021\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/wp-content\\\/uploads\\\/2021\\\/08\\\/MicrosoftTeams-image-182.jpg\",\"datePublished\":\"2021-08-31T08:00:12+00:00\",\"dateModified\":\"2021-08-31T08:08:55+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/#\\\/schema\\\/person\\\/919ec47cc1b871b362af05740398033a\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2021\\\/08\\\/31\\\/general-insurance-business-nationalisation-amendment-act-2021-comes-into-force-w-e-f-august-27-2021\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2021\\\/08\\\/31\\\/general-insurance-business-nationalisation-amendment-act-2021-comes-into-force-w-e-f-august-27-2021\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2021\\\/08\\\/31\\\/general-insurance-business-nationalisation-amendment-act-2021-comes-into-force-w-e-f-august-27-2021\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/wp-content\\\/uploads\\\/2021\\\/08\\\/MicrosoftTeams-image-182.jpg\",\"contentUrl\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/wp-content\\\/uploads\\\/2021\\\/08\\\/MicrosoftTeams-image-182.jpg\",\"width\":1331,\"height\":888},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2021\\\/08\\\/31\\\/general-insurance-business-nationalisation-amendment-act-2021-comes-into-force-w-e-f-august-27-2021\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"General Insurance Business (Nationalisation) Amendment Act, 2021 comes into force w.e.f August 27, 2021\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/#website\",\"url\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/\",\"name\":\"SCC Times\",\"description\":\"Bringing you the Best Analytical Legal News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/#\\\/schema\\\/person\\\/919ec47cc1b871b362af05740398033a\",\"name\":\"Bhumika Indulia\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/84c1b51748d0297cf12e5a898eccb7bd3eb5f0ab4ae8e275e2e65c4c83f84740?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/84c1b51748d0297cf12e5a898eccb7bd3eb5f0ab4ae8e275e2e65c4c83f84740?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/84c1b51748d0297cf12e5a898eccb7bd3eb5f0ab4ae8e275e2e65c4c83f84740?s=96&d=mm&r=g\",\"caption\":\"Bhumika Indulia\"},\"url\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/author\\\/editor_1\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"General Insurance Business (Nationalisation) Amendment Act, 2021 comes into force w.e.f August 27, 2021 | SCC Times","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.scconline.com\/blog\/post\/2021\/08\/31\/general-insurance-business-nationalisation-amendment-act-2021-comes-into-force-w-e-f-august-27-2021\/","og_locale":"en_US","og_type":"article","og_title":"General Insurance Business (Nationalisation) Amendment Act, 2021 comes into force w.e.f August 27, 2021","og_description":"On August 27, 2021, the Ministry of Finance has issued the notification regarding enforcement date for the provisions of the General Insurance","og_url":"https:\/\/www.scconline.com\/blog\/post\/2021\/08\/31\/general-insurance-business-nationalisation-amendment-act-2021-comes-into-force-w-e-f-august-27-2021\/","og_site_name":"SCC Times","article_publisher":"https:\/\/www.facebook.com\/scc.online\/","article_published_time":"2021-08-31T08:00:12+00:00","article_modified_time":"2021-08-31T08:08:55+00:00","og_image":[{"width":1331,"height":888,"url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/MicrosoftTeams-image-182.jpg","type":"image\/jpeg"}],"author":"Bhumika Indulia","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Bhumika Indulia","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.scconline.com\/blog\/post\/2021\/08\/31\/general-insurance-business-nationalisation-amendment-act-2021-comes-into-force-w-e-f-august-27-2021\/#article","isPartOf":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2021\/08\/31\/general-insurance-business-nationalisation-amendment-act-2021-comes-into-force-w-e-f-august-27-2021\/"},"author":{"name":"Bhumika Indulia","@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/919ec47cc1b871b362af05740398033a"},"headline":"General Insurance Business (Nationalisation) Amendment Act, 2021 comes into force w.e.f August 27, 2021","datePublished":"2021-08-31T08:00:12+00:00","dateModified":"2021-08-31T08:08:55+00:00","mainEntityOfPage":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2021\/08\/31\/general-insurance-business-nationalisation-amendment-act-2021-comes-into-force-w-e-f-august-27-2021\/"},"wordCount":78,"commentCount":0,"image":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2021\/08\/31\/general-insurance-business-nationalisation-amendment-act-2021-comes-into-force-w-e-f-august-27-2021\/#primaryimage"},"thumbnailUrl":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/MicrosoftTeams-image-182.jpg","articleSection":["Legislation Updates","Notifications"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.scconline.com\/blog\/post\/2021\/08\/31\/general-insurance-business-nationalisation-amendment-act-2021-comes-into-force-w-e-f-august-27-2021\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.scconline.com\/blog\/post\/2021\/08\/31\/general-insurance-business-nationalisation-amendment-act-2021-comes-into-force-w-e-f-august-27-2021\/","url":"https:\/\/www.scconline.com\/blog\/post\/2021\/08\/31\/general-insurance-business-nationalisation-amendment-act-2021-comes-into-force-w-e-f-august-27-2021\/","name":"General Insurance Business (Nationalisation) Amendment Act, 2021 comes into force w.e.f August 27, 2021 | SCC Times","isPartOf":{"@id":"https:\/\/www.scconline.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2021\/08\/31\/general-insurance-business-nationalisation-amendment-act-2021-comes-into-force-w-e-f-august-27-2021\/#primaryimage"},"image":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2021\/08\/31\/general-insurance-business-nationalisation-amendment-act-2021-comes-into-force-w-e-f-august-27-2021\/#primaryimage"},"thumbnailUrl":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/MicrosoftTeams-image-182.jpg","datePublished":"2021-08-31T08:00:12+00:00","dateModified":"2021-08-31T08:08:55+00:00","author":{"@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/919ec47cc1b871b362af05740398033a"},"breadcrumb":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2021\/08\/31\/general-insurance-business-nationalisation-amendment-act-2021-comes-into-force-w-e-f-august-27-2021\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.scconline.com\/blog\/post\/2021\/08\/31\/general-insurance-business-nationalisation-amendment-act-2021-comes-into-force-w-e-f-august-27-2021\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.scconline.com\/blog\/post\/2021\/08\/31\/general-insurance-business-nationalisation-amendment-act-2021-comes-into-force-w-e-f-august-27-2021\/#primaryimage","url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/MicrosoftTeams-image-182.jpg","contentUrl":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/MicrosoftTeams-image-182.jpg","width":1331,"height":888},{"@type":"BreadcrumbList","@id":"https:\/\/www.scconline.com\/blog\/post\/2021\/08\/31\/general-insurance-business-nationalisation-amendment-act-2021-comes-into-force-w-e-f-august-27-2021\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.scconline.com\/blog\/"},{"@type":"ListItem","position":2,"name":"General Insurance Business (Nationalisation) Amendment Act, 2021 comes into force w.e.f August 27, 2021"}]},{"@type":"WebSite","@id":"https:\/\/www.scconline.com\/blog\/#website","url":"https:\/\/www.scconline.com\/blog\/","name":"SCC Times","description":"Bringing you the Best Analytical Legal News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.scconline.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/919ec47cc1b871b362af05740398033a","name":"Bhumika Indulia","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/84c1b51748d0297cf12e5a898eccb7bd3eb5f0ab4ae8e275e2e65c4c83f84740?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/84c1b51748d0297cf12e5a898eccb7bd3eb5f0ab4ae8e275e2e65c4c83f84740?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/84c1b51748d0297cf12e5a898eccb7bd3eb5f0ab4ae8e275e2e65c4c83f84740?s=96&d=mm&r=g","caption":"Bhumika Indulia"},"url":"https:\/\/www.scconline.com\/blog\/post\/author\/editor_1\/"}]}},"jetpack_featured_media_url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/MicrosoftTeams-image-182.jpg","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/253446","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/users\/8808"}],"replies":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/comments?post=253446"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/253446\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media\/253447"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=253446"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=253446"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=253446"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}