LawgistThe General Insurance Business (Nationalisation) Act
10BEnhancement of equity capital of General Insurance companies
1 [10B. Enhancement of equity capital of General Insurance companies.-- The General Insurance Corporation and the insurance companies specified in section 10A may, raise their capital for increasing their business in rural and social sectors, to meet solvency margin and such other purposes, as the Central Government may empower in this behalf:
Provided that the shareholding of the Central Government shall not be less than fifty one per cent. at any time.]
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1. Ins. by Act 5 of 2015, s. 103 (w.e.f. 26-12-2014).
