Judgment Search Results Home > Cases Phrase: general insurance business nationalisation act 1972 section 37 vacancies etc not to invalidate proceedings Page 7 of about 652 results (0.292 seconds)

Bhashir Kumar Agarwal and ors. Vs. Union of India (Uoi) and ors.

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 .....

M.L. Nohria Vs. General Insurance Corporation and ors.

Court : Punjab and Haryana

Reported in : (1979)ILLJ414P& H

..... existing insurance companies carrying on the general insurance business were automatically transferred to and vested in the central government on the appointed day. the ..... with the avowed object of protecting the interests of the policy holders, pending the nationalisation of the general insurance business and to be expedient in public interest. then followed the primary statute, which falls for consideration, namely, the general insurance business (nationalisation) act of 1972.7. the background and the broad scheme of nationalisation emanating from the aforesaid three statutory provisions seems to be that the shares in the .....

P.V. Mani and ors. Vs. Union of India (Uoi) and ors.

Court : Kerala

Reported in : AIR1986Ker86

..... conditions of service of transferred employees for the purpose of effectuating the transfer and integration of employees and standardisation of theconditions of their services.13. a similar provision of the general insurance business (nationalisation) act, 57 of 1972, was considered by the supreme court in the decision reported in ajay kumar banerjee v. union of india air 1984 sc 1130 : 1984 lab ic 691 ..... on 30th september, 1980 in purported exercise of the power of the central government under section 16(1)(g) of the general insurance business (nationalisation) act. that scheme was challenged as beyond the competence of the central government, since the merger of the insurance companies into four companies in aid of which alone schemes could be framed, had already become effective long prior to the .....

Oriental Fire and General Insurance Co. Ltd. Vs. Commissioner of Incom ...

Court : Delhi

Reported in : (2000)162CTR(Del)2; [2000]244ITR631(Delhi)

..... the 'nationalization act'). the said scheme was operative from 1-1-1974, and described as the oriental fire and general insurance co. ltd. (merger) scheme, 1973 (hereinafter referred to as 'the scheme ..... latter case, the rates varied depending on whether the insurer concerned had or had not declared dividend during at least one of the three calendar years 1967, 1968 and 1969. a scheme was framed by the central government under section 16(1) of the general insurance business (nationalization) act, 1972 (hereinafter referred to as ..... as follows :for the assessment year 1972-73, the assessed was assessed as successor in business of bharat general re-insurance co, ltd. (hereinafter referred to as the 'old company'). the old company was carrying on business of general insurance until and before 13-5-1971. on and with effect from 13-5-1971, the .....

Chikka Thimmegowda Vs. National Insurance Co. Ltd. and ors.

Court : Karnataka

Reported in : ILR1992KAR2836; 1992(3)KarLJ669; (1993)ILLJ709Kant

..... (at page 379) : 'as framing of the scheme is an exercise of the delegated authority by the central government, the memorandum regarding delegated legislation submitted to parliament along with the general insurance business (nationalisation) bill, 1972, will provide some guidance also. clause 16 of the said bill which later on became section 16 of the act explained the need for delegated authority and stated ..... .'subsequently, the central government passed the general insurance business (nationalisation) act, 1972, which will be hereinafter referred to as 'the 1972 act,' whereby all the insurance companies, nearly 107 in the country, were taken over with effect from january 1, 1973. by virtue of the nationalisation, all the general insurance industries came under the general insurance corporation and the 107 general insurance companies merged with four subsidiary nationalised companies, viz., (i) new india .....

United India Insurance Co. Ltd. Etc. Vs. H.K. Khatau and Others

Court : Mumbai

Reported in : 1983(2)BomCR747; [1984(48)FLR322]; (1984)ILLJ448Bom

..... clash of interest between the provisions of this act and the scheme framed thereunder with the provisions of any other act, then the provisions of general insurance business (nationalisation) act and the scheme thereunder would prevail. therefore, it is necessary to ascertain whether there is a clash of interest when respondent no. 1 ..... specifically excluded from the benefit of the payment of gratuity. the submission further is that as the scheme was framed under s. 16 of the general insurance business (nationalisation) act, 1972, the provisions of the section and the scheme framed thereunder shall have effect notwithstanding anything to the contrary contained in the act. shri ..... of any such gratuity under the terms of service. it was also urged that under the scheme of merger framed under s. 16 of the general insurance business (nationalisation) act, 1972, the conditions of service of respondent no. 1 remained unchanged and as there was no provision for awarding gratuity on retirement or .....

J.C. Chakravarti Vs. Union of India (Uoi) and ors.

Court : Kolkata

Reported in : (1978)IILLJ139Cal

..... employees, other than those relating to management, were to continue on same terms and conditions under the coustodian who was acting for and on behalf of the central government. the general insurance business (nationalisation) act, 1972, which was promulgated on september 20, 1972 and came into force on january 1, 1973 provided in section 16(1) for framing of a scheme and clause (f ..... a notification dated december 31, 1973 whereby in exercise of the powers conferred by sub-section 1 of section 16 of the general insurance business (nationalisation) act, 1972, the central government framed a scheme known as the oriental fire and general insurance company ltd., (merger) scheme, 1973 which came into force on 1st january, 1974. by this scheme with effect from the said date the undertaking .....

Suhas H Pophale Vs. Oriental Ins.Co.Ltd.and anr

Court : Supreme Court of India

..... assent of the president on 17.6.1971, it was deemed to have come into force on 13.5.1971 from which date the central government assumed the management of general insurance business as an initial step towards the nationalisation. thereafter, the general insurance business (nationalisation) act, 1972 was passed on 20.9.1972. section 16 of this act contemplated the merger of the private ..... insurance companies into certain other insurance companies. consequently, these private insurance companies merged into four insurance companies viz., (a) the national insurance company ltd., (b) the new india assurance company ltd., (c) the oriental insurance company ltd., and (d) the .....

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 .....

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 .....