Court : Supreme Court of India
Reported in : AIR2008SC1485; [2008(117)FLR1]; JT2008(2)SC337; (2008)2MLJ932(SC); 2008(2)SCALE484; (2008)3SCC321; 2008(2)SLJ480(SC); 2008AIRSCW1552; AIR2008SC1485; 2008(3)SCC321; 2008(2)Supreme157; 2008(2)LH(SC)1240; 2008(3)KCCRSN213
..... exercise of its powers conferred upon it by clauses (b) and (bb) of sub-section (2) of section 49 of the life insurance corporation act, 1956, with the previous approval of the central government, made regulations known as 'life insurance corporation of india (staff) regulations, 1960 (in short 'the regulations'). chapter iv of the said regulations deal with 'pay and allowances'. regulation 51 thereof reads as under ..... . we may notice only the admitted facts herein.respondent no. 1 is an association of officers who have retired from the services of the appellant-corporation which is a statutory authority constituted and incorporated under the life insurance corporation act, 1956.during the period of 1st august, 1992 and 31st july, 1994 a revision of scales of pay of the offices and employees of the .....
Tag this Judgment!Court : Kolkata
Reported in : [1987]61CompCas628(Cal),91CWN596
..... 1977.19. so far as table 21 pure endowment policies offered by the life insurance corporation are concerned, it is contended by mr. roy chowdhury that such policies come within the definition of ' life insurance ' as defined in section 2(11) of the insurance act, 1938. the life insurance corporation act, 1956, having conferred exclusive jurisdiction on the corporation to carry on such business, that would not obviously come within the purview ..... of the said act. that apart, according to mr. roy chowdhury, those policies are materially distinguishable from .....
Tag this Judgment!Court : Supreme Court of India
Reported in : AIR1974SC759; [1974(28)FLR223]; (1974)ILLJ304SC; (1974)4SCC365; [1974]3SCR142
..... . : (1967)iillj40sc counsel also relied upon a decision of the delhi high court in employees' state insurance corporation v. peter sewing machine co. etc. : air1970delhi182 , dealing with the definition of 'factory' under section 2(12) of the act. the high court, inter alia, was posing a question in that case as to whether the whole or any ..... view to promote the schemes and avoid the mischief. from some of the material provisions set out above, the underlying aim of the act is to insure the employees against various risks to their life, health arid well being and the charge is upon the principal employer even though he may get his usual work done through an ..... intermediary, who is described in the act as 'immediate employer'. any dispute between the principal employer and the immediate employer is to be settled .....
Tag this Judgment!Court : Madhya Pradesh
Reported in : (2000)ILLJ358MP; 2000(1)MPLJ26
..... under section 5a and section 5b respectively, of the employees' provident funds and miscellaneous provisions act, 1952 (19 of 1952), or the 'indian airlines' and 'air india' corporations established under section 3 of air corporation act, 1953 (27 of 1953), or the life insurance corporation of india established under section 3 of the life insurance corporation act, 1956 (31 of 1956) or the oil and natural gas commission established under section ..... 3 of the oil and natural gas commission act, 1959 (43 of 1959), or the deposit insurance and credit guarantee corporation act, 1961 (47 of 1961), or the central warehousing corporation act, 1962 (58 of .....
Tag this Judgment!Court : Punjab and Haryana
Reported in : AIR1969P& H79
..... employer under chapter v-a of the employees' state insurance act was considered to be a tax on the ground that it was a compulsory exaction recoverable in the event of ..... not authorized under section 20 of the rajasthan motor vehicles taxation act, and even the proposal to levy it did not seem to have been squarely laid before his highness the nawab of tonk, who was then the sovereign authority.58. in anand kumar bindal v. employees' state insurance corporation, air 1957 all 136, special contribution payable by an ..... that may proceed from it during its existence. the royalty depends upon the continued existence of the right to which it is an appendage. it cannot have a life of its own any more than could interest exist apart from the note or debt to which it is attached. if a party to a contract sells royalty under .....
Tag this Judgment!Court : Mumbai
Reported in : 1988(1)BomCR188; 1987MhLJ955
..... therefore, article 21 is not available in a challenge to the said rule by a tort.in the context of policy of nationalisation of the life insurance business under the life insurance corporation act, 1956, this point arose in the case a.v. nachane v. union of india : (1982)illj110sc . majority judgment says :---''the ..... is nothing very special or original about overriding provisions contained in section 26 of the act. several legislation dealing with nationalisation such as life insurance corporation act general insurance business (nationalisation) act, the bombay relief undertaking act contain similar provisions. the act does have some peculiar features e.g. every old employee has no right of employment ..... of a proposal made by the government of the day which instead of proceeding under section 11(2) of the life insurance corporation act, choose to make an act of parliament protected by emergency provisions. i think that the prospects held out, the representations made, the conduct of the .....
Tag this Judgment!Court : Chennai
Reported in : [1994(68)FLR208]; (1994)ILLJ495Mad; (1993)IIMLJ399
..... clearly discernible that the appellant was always anxious to comply with the provisions of the e.s.i. act and what he desired was only proper guidance from e.s.i. corporation since the act was extended to hotel industry only recently.8. in employees' state insurance corporation v. meecos limited, 1980 k.l.t. 179, the kerala high court has recapitulated the principles to ..... this scheme, their office assistant and accountant went to the mount road office of the corporation and took necessary instructions in this regard. in addition to e.s.i. scheme, they are implementing schemes like employees' provident fund, family pension scheme, employees deposit-linked insurance scheme, salary savings life insurance scheme and staff welfare fund (govt.) for the benefit of their workers. there has .....
Tag this Judgment!Court : Supreme Court of India
Reported in : AIR1964SC892; [1964]5SCR125
..... entries in the certified balance-sheets are, therefore, not correct. if so, it follows that under s. 7(1) of the life insurance corporation act on the appointed day only such part of the said dividends and the corresponding assets appertaining to the controlled business were transferred to and vested in the ..... the 'tribunal', determining the dispute that was referred to it under s. 16 of the life insurance corporation act, 1956 (31 of 1956), hereinafter called the act. 2. the appellant is a company duly incorporated under the indian companies act, 1882, and the insurance act, 1938. prior to december 1957, its registered office was at ajmer, but now it is ..... correctness of the said balance-sheets. there is also no provision in the life insurance corporation act making the contents of the said balance-sheets final for the purpose of transfer to and vesting in the corporation the assets and liabilities of the insurer. it certainly affords valuable evidence in an enquiry before the tribunal; but .....
Tag this Judgment!Court : Supreme Court of India
Reported in : AIR1963SC1083; [1963]2SCR56
sarkar, j.1. the andhra insurance company ltd., hereafter called the insurer, carried on life insurance and other insurance business. on september 1, 1956, the life insurance business of the insurer became vested in the life insurance corporation of india under the provisions of the life insurance corporation act, 1956. the insurer thereupon became entitled to compensation from the life insurance corporation under s. 16 of the act. 2. on february 19, 1957, the corporation having determined the amount of the compensation ..... ., ltd., (hereinafter called the company) was a composite insurance company, that is, doing business in life insurance, fire insurance and general insurance. by virtue of the provisions of s. 7(1) of the life insurance corporation act, 1956 (31 of 1956) (hereinafter called the act) all its assets and liabilities pertaining to the life insurance business stood transferred and vested in the life insurance corporation on september 1, 1956. under s. 16(1) of the .....
Tag this Judgment!Court : Supreme Court of India
Reported in : AIR1977SC1704; [1977]47CompCas677(SC); (1977)3SCC33; [1977]3SCR683; 1977(9)LC392(SC)
..... a mortgage which was executed in 1952 by the defendants of this suit in favour of the nagpur pioneer insurance company ltd., bombay. thus in both cases the loans were incurred long before the corporation was established on september 1, 1956 under the life insurance corporation act, 1956. in both suits the mortgagors claimed that the debt should be scaled down in the accordance with the ..... originally not to the corporation but to the insurance whose life insurance business was taken over by the corporation, and because of the genesis of the debts section 4(e) of the madras act was not attracted.3. it will be necessary at this stage to refer to certain provisions of the life insurance corporation act, 1956. it is an act 'to provide for the nationalisation of life insurance business in indian by .....
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