Section 41: Power to make regulations

The Chief Executive in Council may make regulations for any of the following matters- (Amended 34 of 1999 s. 3)
(a) the fees payable in respect of the registration or filing of any documents submitted to the Land Registrar under this Ordinance; (Amended 8 of 1993 s. 3)
(b) the fees payable for the inspection or copying of any document so registered or filed;
(c) the fees payable for the issue of any certificate under this Ordinance;
(ca) the effecting of policies of insurance in respect of third party risks and against fire and other risks by corporations with insurance companies and the conditions and requirements which are to apply in respect of those policies, including without limitation-
(i) the conditions and requirements in respect of policies which are binding on corporations; (Amended 5 of 2007 s. 24)
(ii) the conditions and requirements in respect of policies which are binding on insurance companies;
(iii) the conditions to policies which are to be void and of no effect;
(iv) the duty of insurance companies to satisfy judgments against corporations in respect of third party risks; (Amended 5 of 2007 s. 24)
(v) (Repealed 5 of 2007 s. 24)
(vi) the effect of the insolvency or winding up of a corporation in respect of claims by third parties; (Amended 5 of 2007 s. 24)
(vii) the avoidance of the imposition by insurance companies of restrictions on the scope of policies covering third party risks;
(viii) the conditions and requirements as to the minimum amount of insurance cover;
(ix) the conditions and requirements as to the system of accounts to be kept and the returns to be furnished by insurance companies;
(x) the obligations of third parties; (Added 69 of 2000 s. 20)
(xi) the avoidance of any arrangements, agreements or understandings, or parts thereof, made or reached in respect of the liability of corporations towards third parties; (Added 5 of 2007 s. 24)
(d) prescribing anything which is to be or may be prescribed under this Ordinance;
(e) the better carrying out of the purposes of this Ordinance.

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