KanoonHQ™
Back to THE LIFE INSURANCE CORPORATION ACT, 1956

THE LIFE INSURANCE CORPORATION ACT, 1956 · FINANCE, ACCOUNTS AND AUDIT

Section 28A — Profits from any business (other than life insurance business) how to be utilised

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