Bare ActsThe General Insurance Business (Nationalisation) Act, 1972

Section 10B

Enhancement of equity capital of General Insurance companies.

Amendment status not verified — confirm the current text below against the official source.

1 [10B. Enhancement of equity capital of General Insurance companies. -- The General Insurance Corporation and the insurance companies specified in section 10A may, raise their capital for increasing their business in rural and social sectors, to meet solvency margin and such other purposes, as the Central Government may empower in this behalf: 2 * * * * *]

Section 10B – The General Insurance Business (Nationalisation) Act, 1972 | DailyLaw.ai