An Act to provide for the acquisition and transfer of shares of Indian insurance companies and undertakings of other existing insurers in order to serve better the needs of the economy by securing the development of general insurance business in the best interests of the

An Act to provide for the acquisition and transfer of shares of Indian insurance companies and undertakings of other existing insurers in order to serve better the needs of the economy by securing the development of general insurance business in the best interests of the community and to ensure that the operation of the economic system does not ...

General Insurance Corporation, (abbreviated as GIC), is an Indian public sector reinsurance company, headquarters in Mumbai, India. It was incorporated on 22 November 1972 under Companies Act, 1956.

2021年7月30日 · The 1972 Act set up the General Insurance Corporation of India (GIC). The businesses of the companies nationalised under the Act were restructured in four subsidiary companies of GIC: (i) National Insurance, (ii) New India Assurance, (iii) Oriental Insurance, and (iv) United India Insurance.

[20th September, 1972] An Act to provide for the acquisition and transfer of shares of Indian insurance companies and undertakings of other existing insurers in order to serve better the need of the economy by securing the development of general insurance business in the best interests of the community and to ensure that the operation of the ...

legislative department, legislative, law, parliament, drafting, legal draft, bills, resolutions, bill draft, law making, ordinance, legal affairs, legislative affairs ...

Full text containing the act, General Insurance Business (Nationalisation) Act, 1972, with all the sections, schedules, short title, enactment date, and footnotes.

2024年12月23日 · The General Insurance Business (Nationalisation) Act, 1972, marked a pivotal shift in India's insurance sector by transferring ownership of general insurance companies to the state, aiming to regulate and develop the industry for the public good.

2023年6月28日 · What is the meaning of GIC? The General Insurance Corporation of India (GIC) was formed under Section 9 (1) of the General Insurance Business (Nationalization) Act (GIBNA). As soon as the GIC was formed, the government of India transferred all the shares of the 55 general insurance companies to GIC.

An act to provide for the acquisition and transfer of shares of Indian insurance companies and undertakings of other existing insurers in order to serve better the need of the