https://www.taxtmi.com/circulars?id=8792 Refunds due to general insurance companies after government takeover are to be made to the insurer but received on its behalf by the custodian appointed under the General Insurance (Emergency Provisions) Act, 1971; the government's vesting of management includes the right to deal with property and institute legal proceedings, and the procedure applied in the case of nationalised banks is not applicable here. en-us Tue, 14 Dec 1971 00:00:00 +0530 Thu, 26 May 2011 19:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=8792 Refunds due to general insurance companies after government takeover are to be made to the insurer but received on its behalf by the custodian appointed under the General Insurance (Emergency Provisions) Act, 1971; the government's vesting of management includes the right to deal with property and institute legal proceedings, and the procedure applied in the case of nationalised banks is not applicable here. Circulars Income Tax Tue, 14 Dec 1971 00:00:00 +0530 https://www.taxtmi.com/circulars?id=8792