Question

What happens to the shares of Indian insurance companies

Q: Answer-What happens to the shares of Indian insurance companies on the appointed day as per the General Ins...

Explanation Section 4. Transfer of shares of Indian insurance companies 1 On the appointed day, all the shares in the capital of every Indian insurance company shall, by virtue of this Act, stand transferred to and vested in the Central Government free of all trusts, liabilities and encumbrances affecting them.

on the appointed day as per the General Insurance Business (Nationalization) Act, 1972?

A They are distributed among policyholder

B They are vested in the Reserve Bank of India

C They are transferred to and vested in the State Government

D They are transferred to and vested in the Central Government

E Either a or b or c or d

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What happens to the shares of Indian insurance companies

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