Court : Allahabad
Reported in : [1986]63STC246(All)
..... cannot be held to be a 'dealer'. in that case the new india assurance company limited was an incorporated company under the indian companies act doing general insurance business. in connection with the claims made on an insured motor car which was involved in an accident, the petitioner is said to have paid all the claims and taken over the damaged motor car. as ..... from its real nature which must be of service only. in the instant cases the object of the insurance company which has been nationalised by passing of an act under article 39 of the constitution of india is to provide service to its customers by insuring their vehicles against theft, accident, fire, etc. the nature of activity itself clearly indicates that it does .....
Tag this Judgment!Court : Allahabad
Reported in : [1970]40CompCas611(All); [1971(21)FLR357]; (1970)IILLJ393All
..... the preamble of the act runs thus:' an act to provide for the nationalisation of life insurance business in india by transferring all such business to a corporation established for the purpose and to provide for the regulation and control of the business of the corporation and for matters connected therewith or incidental thereto. '7. ..... was provided by the central government. section 6 deals with functions of the corporation. it shall be the general duty of the corporation to carry on life insurance business in such a manner that life insurance business is developed to the best advantage of the community. section 30 gives the corporation monopoly of carrying on ..... by the central government. the original capital of the corporation was supplied by the central government. the function of the corporation is to develop life insurance business to the best advantage of the community. the corporation has been empowered to make regulations. in view of all these circumstances, it must be held .....
Tag this Judgment!Court : Allahabad
Reported in : AIR1985All136
..... , ghaziabad, passed in two separate suits nos. 86 of 1976 and 85 of 1976 respectively. 2. plaintiff 1 is a company carrying on business of general insurance with its registered office at jiwan udyog, a-25/27, asir ali road, new delhi and nationalised by u. p. government under act no, 57 of 1972. shri s.s. bakshi is the manager of the said ..... insurance company and as such competent and authorised to file the suits by power of attorney. 3. plaintiff 2 is a partnership firm duly registered .....
Tag this Judgment!Court : Allahabad
Reported in : AIR1985All183
..... invlid, inasmuch as, it was not ratified by the controller. sri saran very apply argued that section 35 of the general insurance business (nationalisation) act, 1972 lays down that the act of 1938 shall apply to corporation subject to the conditions laid by the central ..... general insurance business (nationalisation act 1972) passed by the parliament, all the insurance companies located all over the country were nationalised by the government of india. after nationalisation the entire business of general /' insurance was entrusted to the four major insurance companies, namely :1. united insurance company ltd. 2. india insurance company ltd. 3. national insurance company ltd., and 4. oriental fire and general insurance ..... that under the workmen compensation act, the limit of liabilities was revised upwards and that administrative and claims cost of motor insurance business had gone up considerably due to several factors, e.g. increase in claim consciousness among victims or heirs of victims of .....
Tag this Judgment!Court : Allahabad
Reported in : 2004(3)AWC1900
..... central government by which bharat insurance company was merged with oriental fire and general insurance company limited. the state government wrote to the central government on ..... land. it prayed that free hold rights be granted. on 17th february, 1971, bharat insurance company again wrote to the state government to renew the lease for a further period of 30 years. the general insurance business (nationalization) act, 1972 was passed in pursuance of which a scheme was notified by the ..... down all erections and machineries. the said lease property was mortgaged to bharat fire and general insurance company, new delhi (hereinafter referred to as 'bharat insurance company') and on failure to pay the mortgage money, the bharat insurance company took possession of all mortgaged properties and purchased the same in a court auction .....
Tag this Judgment!Court : Allahabad
Reported in : [2004]271ITR69(All)
..... -company had earned capital gain of rs. 23,072 on the acquisition of the shares of national insurance company ltd., of the face value of rs. 5,82,742 by the general insurance corporation of india ltd., for rs. 6,05,815 on the nationalisation of the general insurance business during the accounting period corresponding to the assessment year 1975-76 ?'2. the applicant company during the ..... assessment year 1975-76 derived income from dividend amounting to rs. 1,35,514 and had also received a sum of rs. 11,760 as management compensation from national insurance company ltd. the income-tax officer .....
Tag this Judgment!Court : Allahabad
Reported in : 2006ACJ2468
..... r.c. kushwaha m.a.c.p. no. 290 of 2000.3. the petitioner is insurance company incorporated under the indian companies act and is engaged in the business of insurance, as a nationalised company being one of the group companies of general insurance corporation of india and is a 'state' within the meaning of article 12 of the ..... post-mortem examination report, technical inspection report of the vehicle, certified copy of the charge-sheet, original pay slips of her deceased husband, photocopy of the insurance policy of the truck and of the driving licence of the driver and service book of the deceased as well as succession certificates before the motor accidents ..... claims tribunal. no documentary evidence whatsoever was given by the opposite parties in the claim application including the petitioner insurance company. motor accidents claims tribunal allowed the claim of the wife to the tune of rs. 4,12,000.7. the impugned award has been .....
Tag this Judgment!Court : Allahabad
Reported in : [2006(111)FLR237]
..... paid under section 11 as additional contribution, stands allotted and vested in central government. section 16 authorities central government for more efficient carrying on general insurance business, by way of notification, frame one or more schemes. the matters have also been provided for. section 17 authorises central government to frame ..... to this section mentions that all functions of corporation, specified in this section, on the commencement of general insurance business (nationlasation) amendment act, 2002 shall be performed by central government. section 21(2) authorises central government to appoint custodian for management of indian ..... instant writ petitions are that m/s oriental insurance company limited is a constituent company of general insurance corporation of india. it is wholly owned and controlled by central government under the provisions of general insurance business (nationalization) act, 1972 and m/s oriental insurance company limited is obligated to act in the .....
Tag this Judgment!Court : Allahabad
Reported in : AIR1924All277; 74Ind.Cas.721
..... should be adopted as may lead to the waste of any part of my money or property.' only in certain specified eventualities are they empowered to dissolve the business partnership. in the meantime, they 'should keep defraying the expenses incurred in maintaining faqira, my minor son, and imparting education, etc., and also the proper ..... registration endorsement, just as the defendant. ram dayal, was carefully specified to be the brother of musammat chameli's deceased husband, in order to create a general impression that the lady was surrounded by relatives to whom she could turn for disinterested advice. one of the numerous details on which i quite definitely disbelieve ..... findings the plaintiff has filed first appeal no. 239 of 1920. the memorandum of appeal is unnecessarily prolix and argumentative. some of the paragraphs are merely general pleas, to the effect that the conclusions arrived at by the court below are wrong. a number of others are directed against details in the procedure .....
Tag this Judgment!Court : Allahabad
Reported in : AIR1941All243
..... court were concerned in that case with an agreement to sell some goods which contained also some stipulations relating to the payment of godown rent and fire insurance as also some relating to reference to arbitration. their lordships held that the stipulations in question were only col. lateral and subsidiary incidents relating to the ..... measuring 8 bighas kham particularized and specified in the said document in favour of l.h. sugar factory, pilibhit, a joint stock concern which carried on the business of manufacturing sugar at pilibhit. by this instrument moti received and acknowledged an advance of rs. 35 on a mortgage and a contract of sale of the ..... , u.p. agriculturists' relief act, cannot therefore in my opinion, apply to it. further i may add that in my opinion the argument of the learned advocate-general, that section 40, u.p. agriculturists' relief act, is applicable only to bonds simpliciter and not to instruments which possess other characteristics also, is not without force. .....
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