Life Insurance Corporation Act : Liquidation of Corporation. Indian Bare Acts :

Life Insurance Corporation Act,1956

Act No : 31

Section : Liquidation of Corporation.

38. Liquidation of Corporation. No provision of law relating to the winding up of companies or corporations shall apply to the Corporation established under this Act, and the Corporation shall not be placed in liquidation save by order of the Central Government and in such manner as that Government may direct.