Judgment Search Results Home > Cases Phrase: general insurance business nationalisation act 1972 section 36 exemptions Page 4 of about 10,991 results (0.441 seconds)

National Insurance Company Limited Rep. by Its Divisional Manager Vs. ...

Court : Andhra Pradesh

Reported in : 2010ACJ165; AIR2009AP142; 2009(3)ALT121

..... insurer under section 147(3) of the act. section 146 of the act prohibits any person to use motor ..... , chapter xi (sections 145 - 164) was enacted regulating insurance of motor vehicles against third party risks. section 145 of the act defines seven terms used in that chapter. as per section 145(a) of the act 'authorised insurer' means an insurer carrying on general insurance business in india under the general insurance business (nationalisation) act, 1972. a 'policy of insurance' includes certificate of insurance, which means a certificate issued by an authorized .....

Oswal Fats and Oils Vs. State of Punjab and ors.

Court : Punjab and Haryana

Reported in : [2002]128STC116(P& H)

..... profit and loss account for assessment year 1977-78, the appellant assessee made a debit entry of a certain amount and, in accordance with rule 2(2)(a) of the. general insurance business (nationalization) rules, 1973 (for short 'gib rules') transferred the same to the preference share capital redemption account. the ito added back that amount to the income of the assessee on ..... facts of that case show that the appellant-corporation was formed as a government company under the general insurance business (nationalization) act, 1972. it carries on general insurance business in india. at the time of nationalization, the then existing private companies which were carrying on the business of general insurance merged together in four subsidiaries of the appellant corporation. the central government contributed to the capital of the appellant .....

United India Insurance Co. Ltd. Vs. Biman Krishna Basu

Court : Kolkata

Reported in : (1998)2CALLT578(HC)

..... for the purpose of superintending, controlling and carrying out the business of general insurance, in the country. under section 24 of the act the acquiring ..... for that purpose even the purpose of issuance of a fresh insurance policy, we do not agree with the stand taken by the appellants and for the reasons given below.4. under section 9 of the general insurance business (nationalisation) act 1972 general insurance corporation of iridla (gic was set up as a government company ..... came into force only the acquiring companies had the exclusive privilege of conducting andcarrying on the general insurance business in india, under the overall supervision and control of gig.6. the appellant before us. united india insurance co. is one of such acquiring companies. the legal position which thus emerges is .....

Western Coalfields Ltd. and ors. Vs. New India Assurance Ltd.

Court : Mumbai

Reported in : 2006(1)MhLj244

..... ltd. and anr. reported in : (2001)6scc477 . in the aforesaid case, the apex court held that the united india insurance company, being an acquiring company under the provisions of general insurance business (nationalisation) act, 1972, had the trappings of 'the state' being other authorities under article 12 of the constitution of india. it ..... is further held that the acquiring company thus, being state under article 12 of the constitution of india, are expected to act fairly and reasonably. in the said case, the respondent-united india insurance ..... of the workers and officers working with the petitioner no. 1. the respondent herein is a government of india undertaking and engaged in the business of general insurance. 4. it is the case of the petitioners herein that one lady employee of the petitioner no. 1 met with an accident in or .....

New India Assurance Co. Ltd. Vs. P. Saguna Wd/O. P. Balakrishna and 3 ...

Court : Gujarat

Reported in : 2009ACJ1733; 2008GLH(1)616; (2008)2GLR1357

..... definitions.- in this chapter,-(a) 'authorised insurer' means an insurer for the time being carrying on general insurance business in india under the general insurance business (nationalisation) act, 1972 (57 of 1972), and any government insurance fund authorised to do general insurance business under that act;(b) ...(c) ..... 'liability', wherever used in relation to the death of or bodily injury to any person, includes liability in respect thereof under section 140;(d) ...(e) ...(f) ...(g) 'third party' includes the government.146. necessity for insurance ..... judgments for the observations as under made therein were cited and discussed at the bar:(a) in bajaj allianz general insurance co. ltd. v. belaben @ bhumikaben yatinkumar in first appeal no. 4104 of 2006 (judgment dated 14. .....

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 .....

Jitendranath Nayer Vs. the Oriental Insurance Co. Ltd. and

Court : Mumbai

Reported in : 2007(5)BomCR167; (2007)109BOMLR1253

..... , ministry of finance (department of economic affairs) (insurance division) notified in the gazette dated 28th june, 1995 a scheme called 'general insurance (employees) pension scheme, 1995'. the scheme was notified in exercise of the power conferred by section 17a of the general insurance business (nationalisation) act, 1972. the petitioner communicated his option of ..... of the scheme to mean the following.(t) 'retirement' means:(i) the retirement in accordance with the provisions contained in paragraph 12 of general insurance (rationalisation and revision of pay scales and other conditions of service of supervisory, clerical and subordinate staff) scheme, 1974 notified under the notification ..... of 'removal from service' which shall not be disqualification for future employment'. this penalty is imposed in terms of rule 23(f) of general insurance (conduct, discipline and appeal) rules, 1975. the consequence of the punishment, according to the respondents, is that the name of the petitioner .....

New India Assurance Company Ltd. Vs. State of Haryana and ors.

Court : Punjab and Haryana

Reported in : [2006]146STC223(P& H)

..... further proceedings were pending before the tribunal and even if some proceedings were pending, the refund could not be withheld because the petitioner is a nationalised insurance company under the general insurance business (nationalisation) act, 1972 and being a government company, there could not be any difficulty in recovering the demand which may be created at any ..... has been further prayed that the respondents be directed to issue the refund due to the petitioner.2. the petitioner--new india assurance company is a nationalised company incorporated under the companies act having its offices all over india. for the assessment years 1994-95 to 1996-97, the assessing authority held ..... the amount of rs. 1,02,59,731 wrongly withheld by them, along with the statutory interest thereon.6. mr. ritu bahri, learned deputy advocate-general, haryana, on the other hand supported the impugned order of the excise and taxation commissioner, haryana, and stated that the review appli- cations filed by .....

The Oriental Insurance Co. Ltd. Etc. Vs. Hansrajbhai V.Kodala and ors. ...

Court : Supreme Court of India

Reported in : I(2001)ACC618; 2001ACJ827; AIR2001SC1832; 2001(3)ALT34(SC); [2001]105CompCas743(SC); (2001)3GLR2156; JT2001(4)SC477; 2001(2)KLT235(SC); (2001)2MLJ180(SC); RLW2001(2)SC231;

..... of reasonable efforts for the purpose; (c) 'scheme' means the scheme framed under section 163. (2) notwithstanding anything contained in the general insurance business (nationalisation) act, 1972 (57 of 1972) or any other law for the time being in force or any instrument having the force of law, the ..... general insurance corporation of indian formed under section 9 of the said act and the insurance companies for the time being carrying on general insurance business in india shall provide for paying in accordance with the provisions of this act and the ..... compensation or of pursuing his claim through the normal channels. thereafter, the review committee considered the suggestion of general insurance corporation that claimants should first file their claims with motor accident claims tribunals and the insurers be allowed six months' time to confirm their prima facie liability subject to defences available under the act. .....

New India Assurance Co. Ltd. Vs. Union of India (Uoi) and ors.

Court : Delhi

..... provide for the establishment of an authority to protect the interests of holders of insurance policies, to regulate, promote and ensure orderly growth of the insurance industry and for matters connected therewith or incidental thereto and further to amend the insurance act, 1938, the life insurance corporation act, 1956 and the general insurance business (nationalisation) act, 1972.'28. the statement of objects and reasons ('sor') indicates that a ..... need was felt for the insurance industry, which was being privatized, to be regulated. after specifying in the sor, the duties, powers and functions of the .....