Bare ActsThe Life Insurance Corporation Act, 1956

Section 28A

Profits from any business (other than life insurance business) how to be utilised.

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

1 [28A. Profits from any business (other than life insurance business) how to be utilised.-- If for any financial year profits accrue from any business (other than life insurance business) carried on by the Corporation, then, after making provision for reserves and other matters for which provision is necessary or expedient, the balance of such profits shall be 2 [allocated to or reserved for the members].]

Section 28A – The Life Insurance Corporation Act, 1956 | DailyLaw.ai