Sub: Committee to study the Report of the Law Commission and make
Recommendations – regarding  

Ref: IRDA/ORD/ACT/080/March05 dated 7 th March 2005  

In the reference cited above a committee was constituted to examine some of the issues which, according to the Law Commission, required detailed examination by experts before any decision can be taken about the need for changes in the provision of the Act. This committee was also requested to examineany other areas where legal provisions required amendments in the light of the developments that have taken place so far. The committee was requested to furnish its report by 30 th April 2005. The committee submitted its first report on 28 th April 2005 and sought time till 30 th June 2005 for submission of its final report. It has now indicated that time till 31 st July 2005 would be required to submit the final report.

The Authority has considered the matter and decided to extend the term of the committee upto 31 st July 2005.

C.S. Rao
Chairman