Question

According to the General Insurance Business (Nationalisation) Act, which statement is true regarding the winding up of the Corporation or an acquiring company?

A The Corporation and acquiring companies are subject to general laws regarding company winding up
B The Corporation or an acquiring company can only be liquidated by the Central Government's order
C The Corporation can be liquidated by any court order
D Winding up provisions apply equally to the Corporation and acquiring companies
E The Corporation is subject to liquidation without the Central Government's intervention
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