cover image: The Gazette of India  New Delhi  Extraordinary  Part II  Section 1  New Delhi  Saturday  December 1950

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The Gazette of India New Delhi Extraordinary Part II Section 1 New Delhi Saturday December 1950

1950

All the assets and liabilities of the transfer Company which relate to or arise out of the life insurance business of the transferor company carried on immediately before the commencement of Aot by A. F. Ferguson & Company ethartered Aeamantants 257258 THE GAZETTE OF INDIA EXTRAORDINARY LP:kill I I of Bombay under the Defence of India Rules shall by virtue of this Act stand transferred to and [...] 4. Effect of transfer of assets and liabilities to transferee company.-- - (/) Every contract of life insurance entered into between the transferor company and the holder of any life policy before the commencement of this Act shall have effect as from such commencement as if the transferee company had been a party to the contract instead of the transferor company and for any reference (however [...] commencement; (b) for requiring any person concerned with the keeping of the register of the holders c f any securities or investments now transferred to the tranferee company to forthwith register the transferee company therein and to issue to the transferee company the appropriate documents of title relating to the securities or investments transferred to it; (c) for the continuation by or a [...] 1684(28) W/41 of the Government of Indite 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 puratfanee of [...] A. If the transferee company recovers or receives any money from outside India which relate to the assets now transferred to the transferee eompany the scene shall be applied by the transferee company for the benefit of the life polcies of the transferor company issued in India.260 THE OAZETTE OF INDIA EXTRAORDINARY PART I1—SW.
government politics public policy
Pages
5
Published in
India
SARF Document ID
sarf.100008
Segment Pages Author Actions
The Gazette of India New Delhi Extraordinary Part II Section 1 New Delhi Saturday December 1950
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