Section 121 of IA : Section 121: Repealed

Explanation using Example

Imagine a situation where an insurance company is updating its policy documentation to comply with current regulations. They refer to the Insurance Act, 1938, and notice Section 121, which mentions the amendment of section 130 of Act IV of 1882. However, upon further investigation, they find that this particular amendment has been repealed by the Repealing and Amending Act of 1957.

In practical terms, this means that the insurance company should not consider the content of the repealed amendment when updating their policies. Instead, they should focus on the current legal framework as the repealed section no longer has any legal effect after September 17, 1957.