Amendment to insurance nationalisation law adjusts statutory cap to allow up to four companies under the provision. Amendment modifies section 16(2) of the General Insurance Business (Nationalisation) Act, 1972 by substituting the words 'only four companies' with 'up to four companies', thereby adjusting the statutory wording that governs the maximum number of companies subject to the Act.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Amendment to insurance nationalisation law adjusts statutory cap to allow up to four companies under the provision.
Amendment modifies section 16(2) of the General Insurance Business (Nationalisation) Act, 1972 by substituting the words "only four companies" with "up to four companies", thereby adjusting the statutory wording that governs the maximum number of companies subject to the Act.
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