The General Insurance Business (Nationalisation) Act, 1972
An Act to provide for the acquisition and transfer of shares of Indian insurance companies and undertakings of other existing insurers in order to serve better the needs of the economy by securing the development of general insurance business in the best interests of the community and to ensure that the operation of the economic system does not result in the concentration of wealth to the common detriment, for the regulation and control of such business and for matters connected therewith or incidental thereto.
| Act number | 57 of 1972 |
|---|---|
| Enacted | 1972-09-20 |
| In force from | 1972-09-20 |
| Ministry | Ministry of Finance |
| Department | Department of Financial Services |
| Sections | 49 |
| Schedules | 2 |
| Section text held | Registry entry; certified PDF held |
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- The National Bank for Financing Infrastructure and Development Act, 2021
- The Tribunals Reforms Act, 2021
- The Bilateral Netting of Qualified Financial Contracts Act, 2020
- The Direct Tax Vivad se Vishwas Act, 2020
- The Banning of Unregulated Deposit Schemes Act, 2019
- The International Financial Services Centres Authority Act, 2019
- The Fugitive Economic Offenders Act, 2018
Questions this page answers
When did the The General Insurance Business (Nationalisation) Act, 1972 come into force?
It came into force on 1972-09-20, having been enacted on 1972-09-20.
Which ministry administers it?
The Ministry of Finance (Department of Financial Services).
Trijya holds a hash-verified copy of the official PDF of this Act; retrieval is available to API customers. Document archive.
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