Judgment Search Results Home > Cases Phrase: general insurance business nationalisation act 1972 section 2 declaration as to the policy of the state Page 1 of about 221 results (0.223 seconds)

United India Insurance Co. Ltd. Vs. Mohanlal Aggarwal

Court : Gujarat

Reported in : (2004)1GLR637; [2004]53SCL330(Guj)

..... towards securing the principles specified in clause (c) of article 39 of the constitution.13. the entire general business in india was nationalised by the general insurance business (nationalisation) act, 1972. the government of india, through nationalisation, took over the shares of 55 indian insurance companies and the undertakings of 52 insurers carrying on general insurance business. general insurance corporation of india (g.i.c.) was formed in pursuance of section 9(1) of the ..... to ensure that the operation of the economic system does not result in the concentration of wealth to the common detriment and for regulation and control of such business, the parliament enacted the general insurance business (nationalisation) act, 1972 (act 57 of 1972) which by section 2 declared that the said act was enacted for giving effect to the policy of the state as defined .....

Kishan Prakash Sharma and ors. Etc. Vs. Union of India and ors.

Court : Supreme Court of India

Reported in : AIR2001SC1493; JT2001(3)SC554; 2001(2)SCALE586; (2001)5SCC212; 2001(2)SCT656(SC); (2001)2UPLBEC1232

..... every notification made, or purporting to have been made by the central government under sub-section (6) of the said section 16, before the commencement of the general insurance business (nationalisation) amendment ordinance, 1984, in so far as such scheme or notification provides (whether with or without retrospective effect) for any rationalisation or revision of pay scales ..... act and every notification made or purporting to have been made with retrospective effect under sub-section (6) of that section before the commencement of the general insurance business (nationalisation) amendment ordinance, 1984 shall be, and shall be deemed always to have been, for all purposes, as valid and effective as if the amendment made ..... rajendra babu, j.1. the genesis of dispute in these matters is embedded in the various schemes framed under the general insurance business (nationalisation) act, 1972 (act 57 of 1972) as amended from time to time (hereinafter referred to as 'the act'). 2. the preamble .....

Ajoy Kumar Banerjee and ors. Vs. Union of India (Uoi) and ors.

Court : Supreme Court of India

Reported in : AIR1984SC127; [1984(48)FLR448]; 1984LabIC691; (1984)ILLJ368SC; 1984(1)SCALE539; (1984)3SCC127; [1984]3SCR252; 1984(16)LC500(SC)

..... and the employees. on 13th may, 1971, the government of india assumed management of the general insurance companies under the general insurance (emergency provisions) act, 1972. the general insurance business was nationalised by the general insurance business (nationalisation) act, 1972 (act 57 of 1972). the preamble of the act explains the purpose of ..... no question as to whether the provisions of industrial disputes act would prevail over the provisions of general insurance business (nationalisation) act. there is no industrial dispute pending as such. the general insurance business (nationalisation) act, 1972 has not abrogated the industrial disputes act, 1957 as such.44. the question ..... . in this connection mention was made in the petition of the 'memorandum regarding delegated legislation' submitted to the parliament along with the general insurance business (nationalisation) bill, 1972 (bill no. 60 of 1972), which later became the aforesaid act. it was made explicit, according to the .....

Mohan Lal Raghbir Singh and ors. Vs. Balbir Singh and ors.

Court : Punjab and Haryana

Reported in : [1999]96CompCas460(P& H)

..... central government shall form a government company known as 'general insurance corporation of india' for the purpose of superintending, controlling and carrying on the business of general insurance. thus, it is clear that the government of india has taken over general insurance business including motor vehicle insurance business. therefore, after the coming into force of the general insurance business (nationalisation) act, 1972, all the business of general insurance came under the monopoly of the central government. under ..... of the owner of the vehicle to take out a policy of insurance before putting the motor vehicle in use. it is a statutory liability. the business of general insurance was nationalised in the year 1972 under the provisions of the general insurance business (nationalisation) act, 1972. under the said act, all the business of general insurance including the motor vehicle insurance business shall be regulated by a government company. under section 97 of .....

United India Insurance Company Ltd. Vs. Kamla Rani and ors.

Court : Punjab and Haryana

Reported in : 1997ACJ1081; (1997)117PLR302

..... , the central government shall form a govt. company known as 'general insurance corporation of india' for the purpose of superintending, controlling and carrying on the business of general insurance. thus, it is clear that the government of india has taken over general insurance business including motor vehicle insurance business. therefore, after coming into force of general insurance business (nationalisation) act, 1972, all the business of general insurance came under the monopoly of the central government. under section ..... of the owner of the vehicle to take out a policy of insurance before putting the motor vehicle in use. it is a statutory liability. the business of general insurance was nationalised in the year 1972 under the provisions of general insurance business (nationalisation) act, 1972. under the said act, all the business of general insurance including the motor vehicle insurance business shall be regulated by a govt. company. under section 97 of the .....

Smt. Veena Rani Widow Vs. Mangat Ram and anr.

Court : Punjab and Haryana

Reported in : I(1992)ACC485; (1992)101PLR8

..... to share it equally with the widow of the deceased. sub-section (p) of section 2 of the general insurance business (nationalisation) act, 1972 provides that words and expression used in this act but not defined herein and defined in the insurance act, shall have the meaning respectively assigned to them in that act. it was rightly conceded by the ..... amounts do not form part of the estate of the deceased. the learned counsel in support of his submission relied upon smt. k. satyavati v. regional director, employees state insurance corporation, hyderabad, 1991 lab. & indl. cases 1142.5. after hearing learned counsel for the appellant i find farce in his submission. i sum of rs. 3, ..... counsel for the appellant that proceeds of life insurance policy under the insurance act form part of the estate of the deceased and all the heirs as detailed in section 8 of the hindu succession act are entitled to .....

National Insurance Co. Ltd. Vs. General Insurance Dev. Officers Asson. ...

Court : Supreme Court of India

Reported in : AIR2008SC2657; 2008(4)SCALE768; (2008)5SCC472; 2008AIRSCW4438

..... or purporting to have been made by the central government under sub-section (6) of the said section 16, before the commencement of the general insurance business (nationalisation) amendment ordinance, 1984, insofar as such scheme or notification provides (whether with or without retrospective effect) for any rationalisation or revision of ..... notification made or purporting to have been made with retrospective effect under sub-section (6) of that section before the commencement of the general insurance business (nationalisation) amendment ordinance, 1984 shall be, and shall be deemed always to have been, for all purposes, as valid and effective as ..... and conditions of service notwithstanding that such further rationalisation or revision is unrelated to, or unconnected with, the amalgamation of insurance companies or merger consequent on nationalisation of general insurance business. (3) the central government may, by notification, add to, amend or vary any scheme framed under this section.( .....

Oriental Insurance Co. Ltd. and ors. Etc. Vs. State of Bihar and anr.

Court : Patna

..... the petitioner-company can be prosequted being public servants is section 107a of the insurance act, 1938 read with section 38 of the general insurance business (nationalisation) act, 1972 (hereinafter referred to as general insurance business act, for brevity). section 107a which came by amendment, by insurance (amendment) act, 1968 (act 62 of 1968), with effect from 1- ..... be quashed. secondly, the officers and employees of the petitioner company enjoy protection under section 38 of the general insurance business (nationalisation) act, 1972 and being public servants in terms of section 107a of the insurance act, 1938 read with section 21, clause 12th, of the indian penal code, they cannot be ..... that the officials of the petitioner-company are public servants in terms of section 107a of the insurance act, 1938 with effect from 1-6-69, and read with section 38 of the general insurance business (nationalisation) act, 1972 they cannot be prosecuted for any act done by them in good faith .....

United India Insurance Company Limited Vs. Manubhai Dharmasinhbhai Gaj ...

Court : Supreme Court of India

Reported in : 2008ACJ2399; 2008(5)ALLMR(SC)928; (2008)3CALLT1(SC); (2008)3GLR2356(SC); (2008)5MLJ1006(SC); (2008)151PLR644; 2008(7)SCALE377; (2008)10SCC404; 2008AIRSCW7532; AIR2009SC446; 2008AIRSCW7532

..... automatic, is the question involved herein.background facts3. the parliament enacted the general insurance business (nationalisation) act 1972 (for short 1972 act) to provide for the acquisition and transfer of shares of insurance companies and undertakings of other insurers in order to serve better the need of the economy by securing the development of general insurance business in the best interest of the community and to ensure that the ..... corporation.- all the shares in the capital of the acquiring companies, being--(a) the national insurance company limited;(b) the new india assurance company limited;(c) the oriental insurance company limited;(d) the united india insurance company limited,and vested in the corporation before the commencement of the general insurance business (nationalisation) amendment act, 2002 shall, on such commencement, stand transferred to the central government.section 19 .....

National Insurance Co. Ltd. Vs. the Union of India and ors.

Court : Delhi

Reported in : 14(1978)DLT56; [1978]41STC30(Delhi)

..... the petitioner's trade, assets and properties are that of the central government with effect from 2nd january, 1973, by virtue of sections 4(1) and 5(1) of the general insurance business (nationalisation) act, 1972, and, as such, the same being the property of the union government, is exempt from state tax by virtue of article 285 of the constitution of india. two ..... provisions) ordinance, 1971, which was later replaced by an act of parliament, the management of the undertaking of all insurers carrying on general insurance business was vested in the central government, pending nationalisation. in the year 1972, the parliament enacted an act known as the general insurance business (nationalisation) act of 1972 (hereinafter referred to as the act). section 3(b) defines the 'appointed day' as meaning such day .....