Life Insurance Corporation Act : Profits from any business (other than life insurance business) how

Life Insurance Corporation Act,1956

Act No : 31

Section : Profits from any business (other than life insurance business) how tobe utilized.

1*[28A. Profits from any business (other than life insurance business) how to be utilized. If for any financial year profits accrue from any business (other than life insurance business) carried on by the Corporation, then, after making provision for reserves and other matters for which provision is necessary or expedient, the balance of such profits shall be paid to the Central Government.]