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of <h1>Amendment to Finance Act 2019: Section 16 Allows More Flexibility in Number of General Insurance Companies Involved</h1> The Finance (No. 2) Act, 2019 amends the General Insurance Business (Nationalisation) Act, 1972. Specifically, in section 16, sub-section (2), it changes the wording from 'only four companies' to 'up to four companies.' This amendment allows for flexibility in the number of companies involved in the general insurance business, potentially increasing the number beyond the previously fixed count of four.
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