Page 444 - The Central Motor Vehicles Rules, 1989
P. 444

416             THE CENTRAL MOTOR VEHICLES RULES, 1989           RULE 140

                                      (2) Upon demanding or inspecting any documents referred under sub-rule (1), the
                                 date and time stamp of inspection and identity of the police officer in uniform or any
                                 other officer authorised by the State Government, shall be recorded on the Portal.]
                                 1
                                  [139A.   Seizure of documents produced in electronic form

                                      (1) In cases where there is an offence made out necessitating seizure of any
                                                                                                     139A
                                 documents, and such documents are produced in electronic form in accordance with
                                 sub-rule (1) of rule 139, their seizure by any police officer or any other officer, authorised
                                 in this behalf shall be made electronically on the Portal.
                                      (2) Details of the seized documents shall be recorded chronologically in the relevant
                                 Portal and such record shall be reflected on a regular basis on the Portal.
                                      (3) Upon seizing any documents in accordance with sub-rule (1), the police officer
                                 in uniform or any other officer, authorised by the State Government shall issue a receipt
                                 acknowledging such seizure, in physical or electronic form.
                                      (4) Upon seizing any documents in accordance with sub-rule (1), the date and time
                                 stamp of seizure and identity of the police officer in uniform or any other officer
                                 authorised by the State Government, shall be recorded on the Portal.]
                                                               CHAPTER VII
                                       INSURANCE OF MOTOR VEHICLES AGAINST THIRD PARTY RISKS
                                 140.  Definitions
                                      In this Chapter, unless the context otherwise requires,—        140
                                        (i) “accounting year” means the year commencing on the first day of April,
                                            and ending with the 31st day of March of the following year;
                                        (ii) “approved list” means the list of foreign insurers and their guarantors
                                            maintained by the Central Government under these rules;
                                       (iii) “Authority” means the Central Government or a State Government or any
                                            local authority or any State Transport Undertaking, motor vehicles owned
                                            by whom have been exempted from  compulsory  insurance under
                                            sub-section (2) of section 146;
                                       (iv) “bank” means a company which accepts, for the purposes of lending or
                                            investment, deposits of money from the public repayable on demand or
                                            otherwise, and withdrawal by cheque, draft, order or otherwise.
                                            Explanation : Any company which is engaged in the manufacture of goods
                                            or carries on any trade and which accepts deposits of money from the public
                                            merely for the purpose of financing its business as such manufacturer or
                                            trader shall not be deemed to be a bank within the meaning of this clause;
                                        (v) “certificate of foreign insurance” means a certificate issued by a foreign
                                            insurer in Form 57 in compliance with these rules;
                                       (vi) “foreign insurer” means a person or firm carrying on the business of
                                            insurance incorporated or domiciled outside India and not registered under
                                            the Insurance Act, 1938 (4 of 1938);
                                       (vii) “fund” means the fund established under rule 151;
                                      (viii) “government security” means a government security as defined in the
                                            Public Debt Act, 1944 (18 of 1944);


                                 1  Inserted vide GSR 584(E), dt. 25-9-2020, w.e.f. 1-10-2020.
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