The Ministry of Finance (MoF) on June 22, 2026, issued the enforcement of Jan Vishwas Act Provisions relating to the General Insurance Business (Nationalisation) Act, 1972.
The Central Government, through this notification, has exercised its powers under the Jan Vishwas (Amendment of Provisions) Act, 2026 to notify the enforcement of specific provisions of the Act. These provisions correspond to serial number 38 of the Schedule and pertain to the General Insurance Business (Nationalisation) Act, 1972.
The notification specifies June 23, 2026, as the effective date from which these provisions will come into force. This establishes a clear timeline for the implementation of the amendments related to the insurance sector.
In effect, the amendments introduced under the Jan Vishwas Act concerning the General Insurance Business (Nationalisation) Act, 1972 are now operational from the notified date, ensuring legal reforms are implemented in a timely manner.
[Notification No. S.O. 3303(E)]
