All the shares in the capital of every Indian insurance company which stand transferred to and vested in the Central Government by virtue of section 4 with the exception of the shares transferred to any person under sub-section (2) of that section shall immediately after such vesting, stand transferred to and vested in the Corporation and every Indian insurance company shall forthwith give effect to such transfer of shares and rectify its register of members by including therein the Corporation as the holder of such shares.
Section 10: Transfer to Corporation of shares vested in Central Government.
The General Insurance Business (Nationalisation) Act, 1972Central Act · Act 57 of 1972
Where this provision sits
| Act | The General Insurance Business (Nationalisation) Act, 1972 |
|---|---|
| Section | 10 |
| Marginal note | Transfer to Corporation of shares vested in Central Government. |
| Jurisdiction | Central |
| Status | In force as published by the source |
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