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Section 10B: Enhancement of equity capital of General Insurance companies.

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

[10B. Enhancement of equity capital of General Insurance companies.-- The General Insurance Corporation and the insurance companies specified in section 10A may, raise their capital for increasing their business in rural and social sectors, to meet solvency margin and such other purposes, as the Central Government may empower in this behalf:

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Where this provision sits

ActThe General Insurance Business (Nationalisation) Act, 1972
Section10B
Marginal noteEnhancement of equity capital of General Insurance companies.
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 5 of 2015. . Ins. by Act 5 of 2015, s. 103 (w.e.f. 26-12-2014).
  • omitted, Act 37 of 2021. . The proviso omitted by Act 37 of 2021, s. 4 (w.e.f. 27-8-2021).

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