Judgment Search Results Home > Cases Phrase: general insurance business nationalisation act 1972 section 36 exemptions Page 9 of about 10,991 results (0.173 seconds)

United India Insurance Co. Ltd. Vs. Levis Strauss (india) Pvt. Ltd.

Court : Supreme Court of India

..... consumer protection act, 1986 (hereinafter, act ). it alleged that in view of section 25 of the general insurance business (nationalization) act, 1972 (hereinafter, nationalization act ) it was obligated to obtain a policy issued by a domestic insurer to cover various risks, and that as a consequence, the condition in clause 47 of the stp policy ..... at this stage that section 2 (13a) of the insurance act, 1938 too defines marine insurance expansively. it reads as follows: (13a) marine insurance business means the business of effecting contracts of insurance upon vessels of any description, including cargoes, freights and other interests which may be legally insured, in or in relation to such vessels, cargoes and ..... bulk handling ltd v sgic (wa) (1990) 6 anz ins cas 60-992; boys v insurance general manager [1980]. 1 n.z.l.r.87. 21 [1954]. 2 lloyd s rep.581. cf. qbe insurance (australia) ltd v westfarmers general insurance ltd [2010]. n.s.w.sc.855. 24 land held by vendor and purchaser,22 .....

Life Insurance Corporation of India Vs. Asia Udyog (P.) Ltd. and Other ...

Court : Delhi

Reported in : ILR1982Delhi582

..... is an act relating to companies in general. the obvious distinguishing feature in that case is that the proceedings before the tribunal constituted under the lic act were not in the nature of ordinary proceedings which are entertainable by ordinary courts. the lic act had nationalised the insurance business and had constituted a tribunal with ..... regard to the claims with regard to the nationalisation business. evidently, a right had been created under a statute and also a special remedy created by a statute ..... shah v. lic of india [1965] 35 comp case 755 (sc). in that case on the nationalisation of the life insurance business, s. 15 provided for claims to be made before a tribunal constituted under the nationalisation act. section 41 of the lic act provided that no civil court shall have jurisdiction upon a matter .....

Vasudev Vyas Vs. National Insurance Co. Ltd. and ors.

Court : Rajasthan

Reported in : RLW2009(1)Raj62

..... 2005; and the said amendment scheme of 2005 has been framed by the central government in exercise of powers conferred by section 17a of the general insurance business (nationalisation) act, 1972. it shall, therefore, be worthwhile to notice the relevant provisions of act of 1972 and the said schemes; and the relevant ..... fide has been alleged and so far statutory provisions are concerned, according to the learned counsel for the respondents, only section 17a of the general insurance business (nationalisation) act, 1972 ['the act of 1972'] and the amendment scheme of 2005 issued thereunder are of statutory character and rest all has been ..... terms 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.(4) 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 .....

Dr. Rajendra Vithalrao Suryavanshi Vs. State of Maharashtra

Court : Mumbai

Reported in : 1991(3)BomCR335; 1991CriLJ2068

..... falls under this second category of the company being an employee of a subsidiary company. therefore, under r. 1(3) of the said rules framed under general insurance business (nationalisation) act, 1972 being applicable to the accused no. 2, he becomes a public servant under clause 12(b) of s. 21 of the ipc. 22 ..... defined in s. 617 of the companies act, 1956.' united india insurance company limited is one of the companies which was acquired by the general insurance corporation of india. this corporation came to be formed as a result of a statutory legislation namely, general insurance business (nationalisation) act, 1972. rules were framed under this act. r. 1( ..... 3) of the said rules makes it clear that the said rules are to apply to every person appointed to any post under the general insurance corporation of india or its subsidiary company. the .....

Chairman, National Insurance Co. Ltd. Vs. S. Narayanankutty

Court : Kerala

Reported in : (1986)ILLJ84Ker

..... the branch manager of calicut of the ruby general insurance company which, in consequence of the nationalisation of the private insurance companies, got itself merged with the national insurance company ltd., it being one of the four nationalised general insurance companies allowed to carry on the general insurance business under thesupervision and control of the national insurance corporation in accordance with the general insurance business (nationalisation) act, 1972 (57 of 1972), hereinafter referred ..... to as the act. thus, the 'national' the 'oriental', the 'united india' and the 'new india' became the four instrumentalities of the central government to do themonopoly business of general insurance. a .....

Unicorn Insurance Brokers Pvt. Ltd. Vs.oriental Insurance Co. Ltd.

Court : Delhi

..... to pay any remuneration to the broker for the insurance business, even if brought by the insurance broker to the insurance company.21. insurance, for long (till it was opened to the private sector) was considered as a welfare measure for the citizens of the country and to ensure that citizens reaped benefit thereof, was nationalised vide the general insurance business (nationalisation) act, 1972 confined to the public sector. even ..... after the same was opened to the private sector, it is a regulated business. the rates, advantages, terms and conditions that may be offered by insurers are controlled by the tariff advisory committee constituted under section 64u of the .....

Indian Acrylics Ltd. Vs. State of Punjab and ors.

Court : Punjab and Haryana

Reported in : [2002]128STC146(P& H)

..... that the appellant-corporation was formed as a government company under the general insurance business (nationalisation) act, 1972. it carries on general insurance business in india. at the time of nationalisation, 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 ..... 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 (nationalisation) rules, 1973 (for short 'gib rules') transferred the same to the preference share capital redemption account. the income-tax officer added back ..... to give the wider meaning to that word, namely, going from one territory to the other'.' (underlining here italicised is ours). 9. in general insurance corporation of india v. commissioner of income-tax : [1999]240itr139(sc) , a division bench of the supreme court considered the question as to .....

Jyoti Phoschem Vs. State of Punjab and ors.

Court : Punjab and Haryana

Reported in : [2002]128STC466(P& H)

..... show that the appellant-corporation was formed as a government company under the general insurance business (nationalisation) act, 1972. it carries on general insurance business in india. at the time of nationalisation, 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 ..... 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 (nationalisation) rules, 1973, (for short 'the gib rules') transferred the same to the preference share capital redemption account. the i.t.o. added back ..... .5 of the rules and government policy as notified on june 1, 1996 and march 20, 1996.'2. the petitioner is engaged in the business of manufacture and sale of di-calcium phosphate and tri-calcium phosphate in its unit situated at 38, focal point, mehta road, amritsar. it .....

Ravi Kumar Sukhija Vs. G.V. Jannah, Custodian and ors.

Court : Delhi

Reported in : 53(1994)DLT402

..... m/s. oriental fire ^general insurance company ltd. with which the business of m/s. indian mercantile insurance co. ltd. was merged. (4) the challenge to the order of termination is on the basis ..... statute the management vested in the central government of all these insurance companies and the central government appointed custodians for the said insurance companies for managing affairs of the insurance companies'. respondent no. 3 was appointed for carrying out the provisions of the act and on january 1, 1973, the general insurance business was nationalised under the general insurance business (nationalisation) act 1972. respondent no. 1 was appointed as custodian of .....