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          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.

          <h1>Definition of Indian insurance company restricts foreign equity and defines control, corporate form and permissible insurance purpose.</h1> The Act defines the Controller of Insurance as the Central Government officer exercising the Authority's powers; an Indian insurance company as a share limited public company formed or converted under company law, subject to foreign equity limits and a control concept encompassing director appointment and management or voting control, and whose sole purpose is life, general, re insurance or health insurance business; insurer to include Indian companies, statutory bodies, co operative societies and foreign reinsurers with Indian branches; and life insurance business to include contracts on human life, disability benefits, annuities, superannuation allowances and unit linked products.

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