Question

What happens to the shares of an Indian insurance

Q: Answer-What happens to the shares of an Indian insurance company upon the appointed day according to the Ge...

ExplanationSection 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.

company upon the appointed day according to the General Insurance Business (Nationalisation) Act?

A They are transferred to the company's management

B They are transferred to the Central Government free of all encumbrances

C They are transferred to the state government

D They remain with the shareholders

E They are liquidated and converted into cash

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What happens to the shares of an Indian insurance

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