LawgistThe General Insurance Business (Nationalisation) Act
37Vacancies, etc., not to invalidate proceedings
No act or proceeding of the Corporation or of an acquiring company shall be called in question merely on the ground of the existence of any vacancy in, or defect in the constitution of, the Corporation or the company.
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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- 40 Repealed
