Question
What happens to the shares of Indian insurance companies
on the appointed day as per the General Insurance Business (Nationalization) Act, 1972?Solution
Explanation: Section 4. Transfer of shares of Indian insurance companies: (1) On the appointed day, all the shares in the capital of every Indian insurance company shall, by virtue of this Act, stand transferred to and vested in the Central Government free of all trusts, liabilities and encumbrances affecting them.
What distinguishes privacy from confidentiality?
Which document details the qualifications, skills, and attributes required for a particular job?
What is a critical aspect of project risk assessment during appraisal?
What do rights aim to safeguard?
Which of the following is a strategy to develop objectivity?
What is a common reason for implementing job changes in an organization?
What is the purpose of safety stock in inventory management?
When a public servant misrepresents information to the public, which ethical principle is compromised?
What is a key goal of inventory management?
What does the organizing function of management involve?
