| 1 |
Short title. | Read |
| 2 |
Declaration as to the policy of the State. | Read |
| 3 |
Definitions. | Read |
| 4 |
Transfer of shares of Indian insurance companies. | Read |
| 5 |
Transfer of undertakings of other existing insurers. | Read |
| 6 |
Effect of transfer of undertakings. | Read |
| 7 |
Transfer of service of existing employees in certain cases. | Read |
| 8 |
Provident, superannuation, welfare and other funds. | Read |
| 9 |
Formation of General Insurance Corporation of India. | Read |
| 10 |
Transfer to Corporation of shares vested in Central Government. | Read |
| 10A |
Transfer to Central Government of shares vested in Corporation. | Read |
| 10B |
Enhancement of equity capital of General Insurance companies. | Read |
| 11 |
Amounts to be paid for transfer and vesting of shares or undertakings. | Read |
| 12 |
Disbursement of amounts by Corporation. | Read |
| 13 |
Mode of payment. | Read |
| 14 |
Amount payable to shareholders may be paid to named persons instead in certain cases. | Read |
| 15 |
Payment into court in case of rival claims. | Read |
| 16 |
Schemes for mergers of companies, etc. | Read |
| 17 |
Laying of schemes and notifications before Parliament. | Read |
| 17A |
Power of Central Government to regulate the terms and conditions of service of officers and other employees. | Read |
| 18 |
Functions of Corporation. | Read |
| 19 |
Functions of acquiring companies. | Read |
| 20 |
Balance of profit how to be utilised. | Read |
| 21 |
Interim provisions for management of Indian insurance companies. | Read |
| 22 |
Power of Central Government to transfer employees. | Read |
| 23 |
Power of Central Government to issue directions. | Read |
| 24 |
Acquiring companies to have the exclusive privilege of carrying on general insurance business. | Read |
| 24A |
Exclusive privilege of Corporation and acquiring companies to cease. | Read |
| 24B |
Cessation of application of Act. | Read |
| 25 |
Omitted. | Read |
| 26 |
Acquiring companies and income-tax. | Read |
| 27 |
Power to reduce amounts of insurance in certain eases | Read |
| 28 |
Right of acquiring company to seek relief in respect of certain transactions. | Read |
| 29 |
Duty to deliver possession of property and documents relating thereto. | Read |
| 30 |
Penalty for withholding property, etc. | Read |
| 31 |
Officers and employees of Corporation or of acquiring companies to be public servants. | Read |
| 31A |
Liability of director of specified insurer. | Read |
| 32 |
Indemnity | Read |
| 33 |
Dissolution of Corporation and acquiring companies | Read |
| 34 |
Reference to existing insurer in other laws | Read |
| 35 |
Application of Insurance Act. | Read |
| 35A |
Omitted. | Read |
| 36 |
Exemptions | Read |
| 37 |
Vacancies, etc., not to invalidate proceedings. | Read |
| 38 |
Protection of action taken in good faith. | Read |
| 38A |
Powers of Insurance Regulatory and Development Authority of India not to apply to International Financial Services Centre. | Read |
| 39 |
Power to make rules. | Read |
| 40 |
Repealed. | Read |
