Section 50
Form, manner, etc. for companies to apply with modifications.
The Life Insurance Corporation Act, 1956
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.
1[50. Form, manner, etc., for companies to apply with modifications.—Where this Act provides
that the form or manner or period or details in respect of any declaration to be made or the particulars to
be included in any register to be maintained shall be such as may be prescribed for a company under the
Companies Act, such prescribed form or manner or period or details or particulars, as the case may be,
shall apply subject to such modifications, exceptions and conditions that the Central Government may, by
notification, specify.
Notes
1Ins. by Act 13 of 2021, s. 146 (w.e.f. 30-6-2021).