(1) The Insurer shall have to submit an application to the office of the Board in the prescribed form along with the prescribed fees up to the last day of Chaitra of each year for the renewal of the certificate of registration.
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∆ Deleted by 2 nd Amendment
$ Inserted by 2 nd Amendment
(2) Upon the receipt of the application pursuant to Sub-section (1), the Board shall have to renew the * certificate of registration.
* (3) In case any Insurer submits an application to the Board within thirty days from the date of expiry of the time-limit pursuant to Sub-section (1),
mentioning the reason for its failure to submit an application for the renewal of the certificate of registration within the aforesaid time-limit, the Board may, if it
considers the reasons to be appropriate, renew the certificate of registration of such Insurer.