Act Number: 31

Act Name: The Life Insurance Corporation Act, 1956

Year: 1956

Enactment Date: 1956-06-18

Long Title: 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.

Ministry: Ministry of Finance

Department: Department of Financial Services

Section 27: Annual report of activities of Corporation.
    The Corporation shall, as soon as may be, after the end of each financial year, prepare and submit to the Central Government in such form as may be prescribed a report giving an account of its activities during the previous financial year, 1***.
Notes:
1. The words "and the report shall also give an account of the activities, if any, which are likely to be undertaken by the Corporation in the next financial year" omitted by s. 139, ibid. (w.e.f. 30-6-2021).
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