https://www.taxtmi.com/caselaws?id=186992 The challenge to the Life Insurance Corporation (Amendment) Act, 1981 and the rules made under it failed on Article 14 and excessive delegation grounds because no material showed hostile discrimination, and the amendment disclosed a clear legislative policy to protect the Corporation and policy-holders while controlling administrative costs. The rule-making power, subject to parliamentary laying, was treated as valid delegated legislation and not an unconstitutional abdication. However, the retrospective operation of the amended provisions and Rule 3 could not nullify a subsisting writ of mandamus directing payment under the 1974 settlements; the new regime could operate only prospectively from publication of the rules. en-us Mon, 28 Dec 1981 00:00:00 +0530 Thu, 06 Oct 2016 12:11:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186992 The challenge to the Life Insurance Corporation (Amendment) Act, 1981 and the rules made under it failed on Article 14 and excessive delegation grounds because no material showed hostile discrimination, and the amendment disclosed a clear legislative policy to protect the Corporation and policy-holders while controlling administrative costs. The rule-making power, subject to parliamentary laying, was treated as valid delegated legislation and not an unconstitutional abdication. However, the retrospective operation of the amended provisions and Rule 3 could not nullify a subsisting writ of mandamus directing payment under the 1974 settlements; the new regime could operate only prospectively from publication of the rules. Case-Laws Indian Laws Mon, 28 Dec 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186992