Judgment Search Results Home > Cases Phrase: general insurance business nationalisation act 1972 section 36 exemptions Court: chennai Page 1 of about 388 results (0.120 seconds)

United India Fire and General Insurance Co. Ltd. and ors. Vs. A.A. Nat ...

Court : Chennai

Reported in : (1980)ILLJ369Mad

..... the aggregate or cumulative effect of all the relevant factors that is controlling.' 5. it is against the background of these general observations made by the supreme court, we proceed to consider the status and character of the appellant-company. the general insurance business (nationalisation) act, 1972, central act 57 of 1972, was passed to provide for the acquisition and transfer of shares of indian ..... the zonal manager. later under the provisions of act 17 of 1971 the management of the union co-operative insurance society limited, hereinafter referred to as the society, was taken over by the central government and entrusted to a custodian. subsequently the general insurance business (nationalisation) act, 57 of 1972, came into force, and under a notification issued thereunder the said society merged with the .....

General Insurance Employees, Association (South Zone) Rep. by Its Gene ...

Court : Chennai

Reported in : (2002)IVLLJ855Mad

..... ., in 1961 as junior assistant at their madras office. subsequently, he was promoted and made as a senior assistant. during 1972, the business of general insurance was nationalised by the general insurance business (nationalisation) act. 1972 and the said company was also nationalised. subsequent to the nationalisation, the unit in which t.s. santhanam was working came to be attached to the second respondent, which is one of the subsidiary ..... companies formed under the general insurance corporation. by virtue of powers conferred under section 16 of the act, the central government framed a scheme known as general insurance (nationalisation .....

Tamilnadu Magnesite Ltd. Vs. the Deputy Commissioner of Income Tax

Court : Chennai

Reported in : [2008]303ITR71(Mad)

..... premium paid by cheque by the assessee as an employer to effect or to keep in force an insurance on the health of his employees under a scheme framed in this behalf by the general insurance corporation of india formed under section 9 of the general insurance business (nationalisation) act, 1972 (57 of 1972), and approved by the central government;(ii) any sum paid ..... therein, in computing the income referred to in section 28--(i) the amount of any premium paid in respect of insurance against risk of damage or destruction of stocks or stores used for the purposes of the business or profession;(ia) the amount of any premium paid by a federal milk co-operative society to effect or to keep ..... in force an insurance on the life of the cattle owned by a member of a co-operative society, being a primary .....

United India Insurance Company Limited, Vs. Secretary, Tamil Nadu Labo ...

Court : Chennai

Reported in : (2005)IIILLJ223Mad; (2005)2MLJ348

..... writ appeals are filed.3. the case of the appellants is that government companies are registered under the indian companies act, 1956; that they are subsidiaries of the general insurance corporation of india formed in pursuance of section 9 of the general insurance business nationalization act, 1972; that under section 16 of the said act, the union of india has framed schemes for running the ..... banks were establishments under the government, even though they were not wings of government. but in this case, the argument is that the insurance companies are wings of the government. but a reading of the provisions of the general insurance business (nationalization act, 1972) that does not lead to the said conclusion. the exemption under the tamil nadu labour welfare fund act, 1972 is .....

K.G. Mathew Vs. Chairman-cum-managing Director, National Issurance Co. ...

Court : Chennai

Reported in : (1976)ILLJ27Mad

..... supervisory, clerical and subordinate staff had since been altered by the central government in 1974 in exercising their power under section 16(1) of the general insurance business (nationalisation) act, 1972.6. thus the question for consideration is whether there is a rule fixing the retirement age in the petitioner's erstwhile company ..... central government, the learned counsel for the petitioner refers to sections 16, 19, 21, 23 and 33 of the general insurance business (nationalisation) act, 1972. section 16 of the said act enables the central government to frame one or more schemes for the more efficient carrying on of ..... 1) the new india assurance company limited, (2) oriental fire and general insurance company limited, (3) united india fire and general insurance company limited and (4) the national insurance company limited. 106 companies in the country doing general insurance business at the time of the nationalisation were grouped in batch of not less than 24 companies and each batch .....

A.A. Nathan Vs. United India Fire and General Insurance Company

Court : Chennai

Reported in : (1978)ILLJ259Mad

..... to such a statutory company. in that case after referring to the various provisions of the general insurance business (nationalisation) act, 1972 this court has taken the view that whatever the acquiring company does is only under the general directions and control of the central government and, therefore, it should be taken to be an ..... said society which is an existing insurer as defined in that act, stood transferred and vested in the first respondent-company. section ..... a master and servant. but the original employer, viz., the union co-operative insurance society ltd., has merged with the first respondent-company by virtue of a statutory notification issued under section 5(1) of the general insurance business (nationalisation) act 1972. act 57 of 1972 as a result of the said notification the .....

Dravidar Kazhakam, Represented by the General Secretary, K. Veeramani ...

Court : Chennai

Reported in : (1992)1MLJ530

..... the greetings in question have been sent has himself filed a counter affidavit stating that the respondent-company is a subsidiary of the general insurance corporation of india formed under section 9 of the general insurance of business (nationalisation) act, 1972, that as per section l9(3) of the central act 67 of 1972, that company shall, in the ..... a particular religion. 3. the petitioner also contends that the respondent is one of the subsidiary corporations owned by the general insurance corporation created under central act 57 of 1972, that the business is a fully nationalised one, that the corporation is designed to serve the needs of the economy in the larger interests of the community ..... discharge of any of its functions, act so far as may be on the business principles, that it has been the practice in the .....

Sriraj Steels (P) Ltd. Rep. By its Director Mr.S.Sridharan, Pondicherr ...

Court : Chennai

..... the needs of the economy by securing the development of general insurance business in the best interest of the community and to ensure that the operation of the economic system ..... risks then it go against public policy. insurance companies should move away from feudal attitude and wholesomely accept principles keeping the insured in mind. they need not distribute largesses, but should never negative claims which are lawful from the eyes of the common man. the general insurance business (nationalisation) act 1972 was passed to serve better ..... lunch or whatever a high premium paying person is specially entitled to. this is against the public policy and against the object of the nationalisation of the insurance company. with respect to the quantum, it is seen that the plaintiff has claimed the sum of rs.31,55,000/- being the .....

P. Swaminathan and ors. Vs. Presiding Officer, Central Government Labo ...

Court : Chennai

Reported in : (1983)IILLJ347Mad

..... supervisory, clerical and subordinate staff) scheme, 1974, hereinafter referred to as the scheme, which was framed by the central government pursuant to the powers under s. 16 of the general insurance business (nationalisation) act (act 57 of 1972), hereinafter referred to as the act. the applicability of the act and the scheme to the matters in hand is not in dispute. the ..... such agreement to the contrary. s. 16(1) of the act state that the central government if it is of opinion that for the more efficient carrying on of general insurance business it is necessary to do so, it may, by notification, frame one or more schemes providing for all or any of the matters set out in clause (a) ..... and matters connected therewith or incidental thereto. chapter v of the act in which ss. 16 and 17 are found, deals with schemes for reorganisation of general insurance business. the scheme has come to be framed pursuant to powers conferred under s. 16(1)(g) of the act. it has come to be framed to provide .....

K.S. Ramaswamy and Vs. Union of India (Uoi) and ors.

Court : Chennai

Reported in : (1977)ILLJ211Mad

..... contending as follows :20. the long title and the preamble of the act clearly shows that this act was passed to provide for the nationalisation of life insurance business by transferring all businesses to a corporation. section 7 speaks of the transfer of the assets and liabilities and the vesting on and from 1-9-1956. section 11 ..... construction points out at page 388:the judicial opinion on this point is certainly not quite uniform and there are american decisions to the effect that the general history of a statute and the various steps leading up to an enactment including amendments or modifications of he original bill and reports of legislative committees ..... this sub-section shall apply in respect of any policy of life insurance issued after; the 31st day of december, 1950,: or in respect of any policy of general insurance issued after the commencement of the insurance (amendment) act, 1950.(2a) save as hereinafter probvided, no insurance agent shall be paid or contract to be paid by way .....