New SIDBI Grade A New Batch Starts on Nov 18

    Register

    Question

    Under the Legal Service Authorities Act for the transfer of the shares of each Indian insurance company to, and vesting in, the Central Government, there shall be paid by the Central Government to the Corporation, for distribution to the shareholders of each such company, the amount specified under 

    A Column (2) of Part A of the Schedule Correct Answer Incorrect Answer
    B Column (3) of Part A of the Schedule Correct Answer Incorrect Answer
    C Column (3) of Part B of the Schedule Correct Answer Incorrect Answer
    D Column (2) of Part B of the Schedule Correct Answer Incorrect Answer
    E Column (4) of Part A of the Schedule Correct Answer Incorrect Answer

    Solution

     Explanation: Section 11. Amounts to be paid for transfer and vesting of shares or undertakings.—(1) For the transfer of the shares of each Indian insurance company to, and vesting in, the Central Government, under section 4, there shall be paid by the Central Government to the Corporation, for distribution to the shareholders of each such company, the amount specified against such company in the corresponding entry under column (3) of Part A of the Schedule.

    Practice Next