The Ministry of Finance notified the procedure to be followed in defective appeal under the Insurance (Appeal to Securities Appellate Tribunal) Rules, 2016.
The Government notified the Insurance (Appeal to Securities Appellate Tribunal) Amendment Rules, 2021 which seeks to amend the Insurance (Appeal to Securities Appellate Tribunal) Rules, 2016.
In the Insurance (Appeal to Securities Appellate Tribunal) Rules, 2016, in rule 5, the sub-rule(3), shall be substituted which says that if, upon scrutiny, the Registrar finds an appeal to be defective.
Firstly, where the appellant has presented such appeal in person and the defect is formal in nature, the Registrar may allow the same to be rectified in his presence by the appellant
Secondly, the defect is other than referred to in clause (a), he shall give intimation to the appellant by registered post or electronic mail, to remove the defects within fifteen days from the date of such intimation given by the Registrar.
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