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Section 155 – The Central Motor Vehicles Rules,1989

The Central Motor Vehicles Rules,1989

Section 155. Deposit procedure

Inland insurance

(1) As soon as the fund is established, the bank shall send to the authority a statement specifying the assets held by it on behalf of the authority and shall also send a copy thereof to the Central Government in the Ministry of Surface Transport or the State Government concerned, as the case may be.

(2) The statement referred to in sub-rule (1) shall be sent in the same mariner and to the same authorities whenever there is a change in the assets of the authorities held by the bank.

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The Central Motor Vehicles Rules,1989

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