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Section 10A: Transfer to Central Government of shares vested in Corporation.

The General Insurance Business (Nationalisation) Act, 1972Central Act · Act 57 of 1972

[10A. Transfer to Central Government of shares vested in Corporation.-- All the shares in the capital of the acquiring companies, being--

(a) the National Insurance Company Limited;

(b) the New India Assurance Company Limited;

(c) the Oriental Insurance Company Limited;

(d) the United India Insurance Company Limited,

and vested in the Corporation before the commencement of the General Insurance Business (Nationalisation) Amendment Act, 2002 shall, on such commencement, stand transferred to the Central Government.]

Where this provision sits

ActThe General Insurance Business (Nationalisation) Act, 1972
Section10A
Marginal noteTransfer to Central Government of shares vested in Corporation.
JurisdictionCentral
StatusIn force as published by the source

How this provision has been amended

Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.

  • inserted, Act 40 of 2002. . Ins. by Act 40 of 2002, s. 3 (w.e.f. 21-3-2003).

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