Question
As per the General Insurance Business (Nationalisation)
Act, 1972 the Central Government shall form a Government company to be known as the ___________ for the purpose of superintending, controlling and carrying on the business of general insuranceSolution
Explanation: Section 9. Formation of General Insurance Corporation of India: (1) As soon as may be after the commencement of this Act, the Central Government shall form a Government company in accordance with the provisions of the Companies Act, to be known as the General Insurance Corporation of India for the purpose of superintending, controlling and carrying on the business of general insurance.
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