134. Return to be made on confirmation of scheme
Where the insurance business carried on by a company is transferred to or amalgamated with the insurance business of another company, the company to which the insurance business is transferred or the company carrying on the amalgamated insurance business shall, within one month after the transfer or the amalgamation, submit to the Registrar—
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(a) a certified copy of the agreement or deed under which the transfer or the amalgamation is effected; and
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(b) a statutory declaration made by the chairperson of the board of directors or by the principal representative of the company—
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(i) specifying every payment made or to be made to any person in respect of the transfer or amalgamation, and
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(ii) stating that to the best of his or her knowledge and belief no other payment, other than those specified has been or is to be made in money, policies, bonds, valuable securities, property of any description or any other valuable consideration, by or with the knowledge of any parties to the transfer or amalgamation.