Section 23

Staff of the Corporation.

The Life Insurance Corporation Act, 1956

  • Act 31 of 1956
  • Ministry of Finance
  • Department of Financial Services
About this Act

An Act to provide for the nationalisation of life insurance business in India by transferring all such business to a Corporation established for the purpose and to provide for the regulation and control of the business of the Corporation and for matters connected therewith or incidental thereto.

All sections
    (1) For the purpose of enabling it to discharge its functions under this Act, the Corporation may employ such number of persons as it thinks fit.
     (2) Every person employed by the Corporation or whose services have been transferred to the Corporation under this Act, shall be liable to serve anywhere in India.
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