The General Insurance Business (Nationalisation) Act

# 23 Power of Central Government to issue directions

The Corporation and every acquiring company shall, in the discharge of its functions, be guided by such directions in regard to matters of policy involving public interest as the Central Government may give.

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FUNCTIONS OF CORPORATION AND ACQUIRING COMPANIES AND THEIR MANAGEMENT

Functions of acquiring companies

Balance of profit how to be utilised

Interim provisions for management of Indian insurance companies

Power of Central Government to transfer employees

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