Question

    As per the General Insurance Business (Nationalisation) Act for the General Insurance Corporation of India _______________ add the word “Limited” as the last word of the name of the Corporation.

    A It shall be necessary Correct Answer Incorrect Answer
    B It shall not be necessary Correct Answer Incorrect Answer
    C The Companies Act shall prescribe whether to or not to Correct Answer Incorrect Answer
    D The Central Government to prescribe whether to or not to Correct Answer Incorrect Answer
    E Either c or d Correct Answer Incorrect Answer

    Solution

    Explanation: 9. Formation of General Insurance Corporation of India: (3) Notwithstanding anything contained in the Companies Act, 2013, it shall not be necessary to add the word “Limited” as the last word of the name of the Corporation.

    Practice Next

    Relevant for Exams: