Question
According to the General Insurance Business
(Nationalisation) Act, which statement is true regarding the winding up of the Corporation or an acquiring company?Solution
Explanation:Section 33. Dissolution of Corporation and acquiring companies: No provision of law relating to the winding up of companies shall apply to the Corporation or to an acquiring company, and neither the Corporation nor any such company shall be placed in liquidation save by order of the Central Government and in such manner as it may direct.
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