Question

As per the General Insurance Business (Nationalisation) Act for the General Insurance Corporation of India _______________ add the word “Limited” as the last word of the name of the Corporation.

A It shall be necessary Correct Answer Incorrect Answer
B It shall not be necessary Correct Answer Incorrect Answer
C The Companies Act shall prescribe whether to or not to Correct Answer Incorrect Answer
D The Central Government to prescribe whether to or not to Correct Answer Incorrect Answer
E Either c or d Correct Answer Incorrect Answer

Solution

Explanation: 9. Formation of General Insurance Corporation of India: (3) Notwithstanding anything contained in the Companies Act, 2013, it shall not be necessary to add the word “Limited” as the last word of the name of the Corporation.

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