General Insurance Business (Nationalisation) Act : Dissolution of Corporation and acquiring companies.

General Insurance Business (Nationalisation) Act,1972

Act No : 57

Section : Dissolution of Corporation and acquiring companies.

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.