Question
According to the General Insurance Business
(Nationalisation) Act under what circumstances can the Central Government frame schemes for the more efficient carrying on of general insurance business?Solution
Section 16.  Schemes for mergers of companies, etc.: (1) If the Central Government is of opinion that for the more efficient carrying on of general insurance business it is necessary so to do, it may, by notification, frame one or more schemes.
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An automobile agency launched a scheme that if a customer purchased two Jabas Discover bikes, one extra Jabas Discover will be free and if he purchases ...
