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Section 28A – The Life Insurance Corporation Act, 1956

The Life Insurance Corporation Act,1956

 

28-A. Profits from any business (other than life insurance business) how to be utilized.-

 

If for any financial year profits accrue from any business (other than life insurance business) carried on by the Corporation, the, after making provision for reserves and other matters for which provisions is necessary or expedient, the balance of such profit shall be paid to the Central Government.

 

 

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The Life Insurance Corporation Act, 1956

 

Indian Laws – Bare Acts

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