Judgment Search Results Home > Cases Phrase: life insurance corporation act 1956 chapter 7 miscellaneous Page 95 of about 29,890 results (0.316 seconds)

In Re: Standard General Assurance Co. Ltd.

Court : Kolkata

Reported in : AIR1965Cal16

..... no fault of the company, that it had lost that business. life business was lost by operation of law as it was taken over by the life insurance corporation of india. in general insurance business also the company was meeting formidable opposition from the life insurance corporation of india and secondly the scope for business in the private sector, ..... not a business which to being carried on by the company, pursuant to the requirement of the insurance act. mr. ghose submitted that the insurance act required investment of funds arising out of the life insurance business only. that act does not in any way control funds which have come to the hands of the company out of ..... the funds now inthe hands of the company have nothing to do with the life insurance business.30. in support of this argument mr. ghose referred to section 27 of the insurance act. under that section the assets of the insurer are required to be invested in government securities or other approved securities in specified .....

In Re: Bengal Luxmi Cotton Mills Ltd.

Court : Kolkata

Reported in : [1965]35CompCas187(Cal),69CWN137

..... act, 1956.4. it is alleged that the applicant no. 1 had great faith and confidence in the respondent no. 2 who was entrusted with the management of all the different companies mentioned above. in january, 1956, life insurance business was nationalised and the life business of metropolitan insurance co. ltd. was taken over by the life insurance corporation ..... of 1963, various acts of misappropriation of the compensation money received for acquisition of the life business of the life insurance company were detected, as a result of which the respondent no. 2 and his supporter, a. b. chatterjee, resigned the directorship of the metropolitan industrial corporation ltd. this ..... 2. there are also charges of misappropriation of the compensation money received by the metropolitan industrial corporation limited for acquisition of the life business of the insurance company by the life insurance corporation of india.57. the principal and immediate cause of the application under section 397 and section .....

Ashok Kumar Mishra Vs. State of Orissa and ors.

Court : Orissa

..... of such compliance would be a breach of the regulations which are statutory provisions. in other statutes under consideration viz. the life insurance corporation act and the industrial finance corporation act though there is no specific provision comparable to section 12 of the 1959 act the terms and conditions of employment and conditions of service are provided for by regulations. these regulations are not only binding on ..... regulation framed under a statute applies uniform treatment to every one or to all members of some group or class. the oil and natural gas commission, the life insurance corporation and oil and industrial finance corporation are all required by the statute to frame regulations inter alia for the purpose of the duties and conduct and conditions of service of officers and other employees .....

Bajrang Prasad Jalan and ors. Vs. Mahabir Prasad Jalan and ors.

Court : Kolkata

Reported in : AIR1999Cal156

..... affairs of the company. the court in such a situation would exercise its equitable jurisdiction and may grant appropriate reliefs.23-24. in life insurance corporation of india v. escorts ltd., reported in : 1986(8)ecc189 the apex court after taking into consideration various decisions and treatises held that for certain purposes ..... in respect of that portion of the order passed by the learned trial judge dated 6-2-97 whereby criminal proceedings under schedule xi of the companies act were directed to be initiated.17. the present application was filed on 12th september, 1990. affidavits thereafter were exchanged. during the course of hearing written ..... as also the present proceedings in respect of akshay nidhi ltd.... allegedly during course of hearing of those proceedings, inspections were made resulting discovery of various others acts of omissions and commissions. the proceedings in relation to sandip investment ltd. was disposed of by a learned single judge of this court which has been .....

T.M.Prakash Vs. the District Collector

Court : Chennai

..... rule of general conduct while administrative instruction relates to particular person. this may be illustrated with reference to regulations under the acts forming the subject matter of these appeals. the life insurance corporation act as well as the industrial finance corporation act confers power on the corporation to make regulations as 'lo the method of recruitment of employees and the terms and conditions of service of such employees ..... of such compliance would be a breach of the regulations which are statutory provisions. in other ,statutes under consideration, viz., the life insurance corporation act and the industrial finance corporation act though there is no specific provision comparable to section 12 of the 1959 act the terms and conditions of employment and conditions of service are provided for by regulations. these regulations are not only binding on .....

Som Nath Banerjee Vs. State of Jharkhand

Court : Jharkhand

..... proposal no. 9067 which contains the entire details. continuing with his argument, learned counsel for opposite party no. -3- 2 submits that section 47 of the life insurance corporation act in the facts and circumstances of the case will not come into play. he therefore contends that since specific allegations have been levelled against the petitioner only with ..... to take advantage of such error when from the facts itself it is disclosed that the contract itself was incomplete. moreover, as per section 47 of the life insurance corporation act, the petitioner cannot be prosecuted till there was no ill intention on the part of the petitioner.5. as against this, learned counsel for opposite party no ..... does not conclusively suggest a contract of binding nature between the parties.9. it would also be relevant to refer section 47 of the life insurance corporation of india act, 1956 which envisages that no suit, prosecution or other legal proceeding shall lie against any member or employee of the .....

Andaleeb Sehgal Vs Union of India and anr.

Court : Delhi

..... chand thapar, air 1961 sc 838, j.k. cotton spinning and weaving mills ltd. v. union of india, air 1988 sc 191, m. venugopal v. divisional manager, life insurance corporation of india, (1994) 2 scc 323 and harish tandon v. addl. district magistrate, allahabad, (1995) 1 scc 537 and came to hold that when a statute creates ..... industries, neemach, air 1989 sc 2113, while dealing with the fiction created under the state financial corporations act, 1951 under sections 31(1) and 32(8) making the order for sale a decree in a suit wherein the financial corporation was a decree-holder and the debtor a judgment-debtor, their lordships opined that the same is ..... any finding against the petitioner, the same being violative of article 14 of the constitution of india and section 8 b of the commission of inquiry act, 1952 (for brevity "the act").2. a division bench hearing the matter had formulated the following three questions for consideration:"(i) is the constitution of a fact finding inquiry commission .....

Madhusudan Gordhandas and Co. Vs. Collector of Customs

Court : Customs Excise and Service Tax Appellate Tribunal CESTAT Delhi

Reported in : (1987)(11)LC369Tri(Delhi)

..... the decision of air 1963 s.c. 1171 [the national insurance co. v. life insurance co. v. life insurance corporation] is an instance arising under a nationalisation act. despite there being no specific provision for payment of interest: on delayed payment of compensation under the life insurance corporation act, interest was awarded on the basic principle of compensation on dispossession ..... be confused with an executing court; (iii) nor is the award of interest by way of compensation, consequential relief. under the court fees act, for example, "the expression consequential relief means some relief which would follow directly from the declaration given, the valuation of which is not ..... , in all likelihood, earned on the goods after redemption. is compensation to be claimed for injury assumed to have been caused for a voluntary act ?; (iii) compensation for loss when was the loss quantified has the applicant disclosed what loss he had suffered except repeating parrotwise "tremendous losses". .....

In Re: Marybong and Kyel Tea Estate Ltd.

Court : Kolkata

Reported in : [1977]47CompCas802(Cal)

..... the proviso, which cannotbe presumed to be a surplusage, can properly be looked into to ascertain the meaning and scope of the main provision.' (hindusthan ideal insurance co. ltd. v. life insurance corporation of india : [1963]2scr56 ). ' and lastly, there is no magic in the words of a proviso, and that the plain meaning must be given ..... can be by an order of the court under sections 394(1)(iv), 481 and 509. dissolution means ' an end to the corporate existence of the company for all purposes'. the companies act, 1956, prescribes, the duties of the official liquidator and defines his appointment. in section 448(2) it is provided :'all references to ..... these circumstancesand on the application dealing with scheme or compromise or arrangement under section 391 is therefore expressly provided in section 394{l)(iv) of the companies act, 1956, which provides, inter alia, that the company may, either by an order sanctioning the compromise or arrangement or by subsequent order make provision for .....

Union of India and Another Vs. Ashok Kumar Mitra

Court : Supreme Court of India

Reported in : AIR1995SC1976; (1995)2CALLT10(SC); 1995CriLJ3633; 1995(1)Crimes852(SC); 1995(1)CTC388; 1995(2)SCALE47; (1995)2SCC768; [1995]2SCR369; 1995(1)LC784(SC)

..... public servants' within the meaning of section 21 rfc (corresponding to section 21 ipc), this court opined :so far as the life insurance corporation is concerned, there can be no second view that the employees of the corporation come within the definition of the term 'public servant' as given under section 21 of rpc. so far as the other ..... : [1990]3scr649 specifically considered the question whether a nationalised bank is a 'corporation' or a ' body corporate' and hold :keeping in view the provisions of the banks nationalisation act we are of the opinion that the nationalised bank is a corporation established by a central act and it is owned and controlled by the central government.(emphasis ours)9. in ..... under sections 120b, 420, 409, 467, 468, and 477a ipc and section 5(2) read with section 5(1)(c)(d) of the prevention of corruption act, 1947. after completion of investigation by the cbi, charge-sheet was filed in the court of the special judge at alipur, calcutta on 4.12.85. cognizance .....