Question
As per the Motor Vehicle Act an Authorised insurer needs
to have a certificate granted by?Solution
S. 145. Definitions. (a) "authorised insurer" means an insurer for the time being carrying on general insurance business in India and granted a certificate of registration by the Insurance Regulatory and Development Authority of India established under section 3 of the Insurance Regulatory and Development Authority Act, 1999 (41 of 1999) and any Government insurance fund authorised to do general insurance business under the General Insurance Business (Nationalisation) Act, 1972 (57 of 1972);
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Which of the statement given below is/are not correct?
W Ltd. issued 8,000 shares of Rs.10 each at per. Amount called up Rs.4 on application, Rs.3 on allotment and Rs.3 on first and final call. Mr. R, a shar...
