Bare ActsThe Life Insurance Corporation Act, 1956

Section 38

Liquidation of Corporation.

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

No provision of law relating to the winding up of companies or corporations shall apply to the corporation established under this Act, and the Corporation shall not be placed in liquidation save by order of the Central Government and in such manner as that Government may direct.

Section 38 – The Life Insurance Corporation Act, 1956 | DailyLaw.ai