cover image: The Gazette of India  Extraordinary  Part II  Section 1  New Delhi  Friday  September 1  1950

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The Gazette of India Extraordinary Part II Section 1 New Delhi Friday September 1 1950

1950

E GAZETTE OF IN DIA EXTRAORDINARY PATIt 3. Transfer of assets aril liabilities of the transferor company to the transferee company.—All the assets and liabilities cif the transferor copany which relate to or arise out of the life insurance business of the transferor company carried on immediately before the commencement of this Ordinance by Messrs. [...] 1] THE GAZETTE OF INDIA EXTRAORDINARY 235 in particular and without prejudice to the generality of such power prvision may be m ade by order— (a) for adapting the terms of contracts entered into between the transfeior company and any other person before the commencment of this Ordinance so as to conform to the changes consequent on the passing of this Ordinance in the circumstances in whi [...] 168-I(23)- W/41 of the Government of India in the Commerce Department dated the 27th day of June 1942 the transferee company shall be liable to make good in respect of every policy of life insurance which had fallen due for payment before the commencement of this Act the difference between the amounts actually paid to the holder thereof by or on behalf of the transferor company in pursuance of [...] India which relate to the assets now transferred to the transferee company the same shall be applied by the transferee company for the benefit of the life policies of the transferor company issued in India. [...] (4) The Enquiring Authority shall be deemed to be a civil court for the purposes of sections 480 and 482 of the Code of Criminal Procedure 1898 (Act V of 1898) and any proceeding before the Enquiring Authority shall be deemed to be a judicial proceeding within the meaning of sections 103 and 223 of the Indian Peut l Code (Act XLV of 1860).
government politics public policy
Pages
5
Published in
India
SARF Document ID
sarf.100008
Segment Pages Author Actions
The Gazette of India Extraordinary Part II Section 1 New Delhi Friday September 1 1950
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