Court : Allahabad
Reported in : 1999(2)AWC1069
..... contractual engagement was unconscionable.9. on behalf of the appellant-life insurance corporation, reliance was placed on the life insurance corporation of india (staff) regulations, 1960. the regulationshave been framed with the approval of the central government under section 49(2)(b) and (bb) of the life insurance corporation act. 1956.10. regulations 4. 5, 7 and 8 ..... the guest house which he used to give to the persons who came to the guest house of the life insurance corporation. thus, the respondentwas neither part-time employee nor workman of the life insurance corporation, and that there existed no relationship of master and servant between them. it has, therefore, been averred ..... time to time. therefore, he requested for giving adequate wages which were being paid to other employees. he also sent letters to the life insurance corporation and employees federation and requested the authorities concerned to regularise his services with effect from 5.1.1977. on the basis of the above .....
Tag this Judgment!Court : Andhra Pradesh
Reported in : AIR1962AP63
..... relation to the controlled business or to continue or prosecute proceedings in any civil court that sec. 11 was enacted, so that the claims of the life insurance corporation may not be barred. after the passing of the life insurance corporation act, 1956 (xxxi of 1956) sec. 11 ceased to be in operation. in fact, we feel that the emergency ordinance itself stood repealed. therefore, sec. 11 ..... counsel for the appellants that in spite of sec. 11, the execution petition is barred as that section afforded protection only up to the date of the passing of the life insurance corporation act, 1956 (xxxi of 1956). on the other hand, it was urged by sri krishnamurthy, learned counsel for the respondent, that sec. 11 of .....
Tag this Judgment!Court : Mumbai
Reported in : AIR1971Bom174; (1970)72BOMLR698
..... provisions in the insurance act, 1938. on january 19, 1956, the life insurance corporation ordinance was promulgated and thereafter on july 1, 1966, the life insurance corporation act came into force. on november 9, 1959, the vishwabharati insurance company was ordered to be wound up. subsequent thereto the life insurance corporation of india instituted a petition before the life insurance tribunal, nagpur, ..... the provisions of section 446, which we have quoted above. in paragraph 17 the supreme court referred to section 41 of the life insurance corporation act and to the fact that the section provided that no civil court shall have jurisdiction to entertain or adjudicate upon any matter which ..... we have not been able to appreciate mr. chagla's contention that the absence of a provision like section 41 of the life insurance corporation act in the income-tax act is an important distinction and that for that reason the observations in paragraph 18 of the judgment of the supreme court in .....
Tag this Judgment!Court : Mumbai
Reported in : [1970]78ITR584(Bom)
..... 16 of its judgment the supreme court summarised the provisions of section 446 which we have quoted above. in paragraph 17 the supreme court referred to section 41 of the life insurance corporation act, and to the.fact that the section provided that no civil court shall have jurisdiction. to entertain or adjudicate upon any matter which the tribunal is empowered to decide or ..... court. it is this reason that we have not been able to appreciate mr. chagla's contention that the absence of a provision like section 41 of the life insurance corporation act in the : income-tax act is an important distinction and that for that reason thelobservations in paragraph,18 of the judgment of, the supreme court in the case of damji valji shah v .....
Tag this Judgment!Court : Supreme Court of India
Reported in : AIR1994SC1343; [1994(68)FLR443]; JT1994(1)SC281; (1994)ILLJ597SC; 1994(0)MPLJ415; 1994(1)SCALE264; (1994)2SCC323; [1994]1SCR433; 1994(3)SLJ206(SC); 1994(2)LC73(SC); (1994)1
..... covered by clause (bb) of section 2(oo) of the act. 8. regulation 14 of the life insurance corporation of india (staff) regulations. 1960 which shall now be deemed to be rules framed under section 48(2)(oo) of the life insurance corporation act (hereinafter referred to as 'corporation act'), provides: 14. (1) persons appointed to posts belonging to ..... classes i & ii shall, on the first appointment in the corporation's service, be required to be on probation for a period of one ..... termination of the appellant. 10. there is yet another aspect of the matter. the corporation act vests power in the central government to make rules in order to carry out the purposes of the act. by life insurance corporation (amendment) act, 1981 (act 1 of 1981), clause (cc) was added to sub-section (2) of section .....
Tag this Judgment!Court : Chennai
Reported in : 2004ACJ2125; AIR2003Mad382; 2003(3)CTC526; (2003)3MLJ110
..... have been suppressed and that either suppression of material facts or fraudulent misrepresentation of material facts occurred with the full knowledge of the assured.' 11.16. in mithoolal nayak v. life insurance corporation of india, : air1962sc814 , the supreme court pointed out that, in order to apply section 45, three conditions must be satisfied, namely, (a) the statement must be on a material matter ..... called in question on ground of mis-statement after two years.- no policy of life insurance effected before the commencement of this act shall after the expiry of two years from the date of commencement of this act and no policy of life insurance effected after the coming into force of this act shall after the expiry of two years from the date on which it was .....
Tag this Judgment!Court : Kolkata
Reported in : AIR1970Cal193
..... firm in accordance with the agreement of june 1, 1954 and as such, such an agreement could not have been a liability within the meaning of section 7 of the life insurance corporation act as contended for by mr. dutt. mr. sen further pointed out that apart from the admission of the plaintiff's witness the correspondence disclosed clearly shows that this point was ..... .6. before i discuss the arguments advanced in this case it would be necessary to set out the relevant provisions of the insurance act and the life insurance corporation act. the definition section, s. 2 of the first act defines inter alia a chief agent, an insurance agent, a principal agent and a special agent as follows:'section 2(5-a): 'chief agent' means a person who not .....
Tag this Judgment!Court : Chennai
Reported in : AIR1986Mad154
..... 3(a), he is governed by only calendar year and not the agency year.5. now coming to the second question which alone has been decided against the life insurance corporation of india by the learned judge, the learned judge interpreted the expression 'year' occurring in regulation 9(4) as meaning 'agency year'. regulation 9(l) provides ..... material for the purpose of determining the minimum business and not the agency year as claimed by the writ petitioner. that finding which is in favour of the life insurance corporation has not been challenged before us by the writ petitioner, the respondent in this appeal. even otherwise, we are in entire agreement with the learned judge ..... to be determined with reference to the 'agency year' as contended by the writ petitioner or with reference to the 'calendar year' as contended by the life insurance corporation and whether the writ petitioner has completed 15 years of service so as to enable her to claim the benefit of regulation 9(4).4. so far as .....
Tag this Judgment!Court : Allahabad
Reported in : AIR1997All152
..... and regulations framed by the respondent-corporation, no employee of the corporation is permitted to act as an insurance agent and moreover no employee can allow any member of his family to act as an insurance agent. no regulation is specifically referred in para 4, but it appears that the respondent is referring to the proviso to regulation 29 of the life insurance corporation of india (staff) regulations, 1960 ..... respondents terminated her agency by giving one month's notice dated february 17, 1986 (annexure vii to the writ petition) under regulation 17(1) of the life insurance corporation of india (agents) regulations, 1972, hereinafter referred to as 'the regulations,' which is sought to be quashed by the petitioner.3. the impugned notice dated february 17, 1986 (annexure-vii .....
Tag this Judgment!Court : Kolkata
Reported in : AIR1962Cal625,66CWN774
..... central government. then came the life insurance corporation act of 1956. section 7(1) of this act prescribes that on the appointed day, that is, on the day of the establishment of the life insurance corporation under the provisions of the act, there shall be transferred to and vested in the corporation all the assets and liabilities appertaining to the controlled business of all insurers. the life insurance corporation has been made a party ..... disqualified to be a member of the municipal board. mehrotra, j. has analysed the provisions of the ordinance, of act 9 of 1956 and the life insurance corporation act of 1956. his lordship came to the conclusion that under the provisions of act, 9 of 1956 the insurance company as such did not vest in the central government. it was only the management which vested in the .....
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