LawgistThe General Insurance Business (Nationalisation) Act
26Acquiring companies and income-tax
For the purposes of the Income-tax Act, 1961 (43 of 1961), every acquiring company shall be deemed to be an Indian company and a company in which the public are substantially interested.
Download our fully-offline, High speed android app.- Click here
MISCELLANEOUS
- 24 Acquiring companies to have the exclusive privilege of carrying on general insurance business
- 24A Exclusive privilege of Corporation and acquiring companies to cease
- 25 Omitted
- 26 Acquiring companies and income-tax
- 27 Power to reduce amounts of insurance in certain ease
- 28 Right of acquiring company to seek relief in respect of certain transactions
- 29 Duty to deliver possession of property and documents relating thereto
- 30 Penalty for withholding property, etc
- 31 Officers and employees of Corporation or of acquiring companies to be public servants
- 32 Indemnit
- 33 Dissolution of Corporation and acquiring companie
- 34 Reference to existing insurer in other law
- 35 Application of Insurance Act
- 35A Omitted
- 36 Exemption
- 37 Vacancies, etc., not to invalidate proceedings
- 38 Protection of action taken in good faith
- 39 Power to make rules
- 40 Repealed
