KanoonHQ™
Back to THE LIFE INSURANCE CORPORATION ACT, 1956

THE LIFE INSURANCE CORPORATION ACT, 1956 · MISCELLANEOUS

Section 38 — Liquidation of Corporation

No provision of law relating to the winding up of companies or corporations shall apply to the corporation established under this Act, and the Corporation shall not be placed in liquidation save by order of the Central Government and in such manner as that Government may direct.