The General Insurance Corporation of India (GIC) was incorporated as a private company under which act?

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Looking for the answer to the question below related to Insurance?

The General Insurance Corporation of India (GIC) was incorporated as a private company under which act?

 Options:

 

a. Insurance Act 1938
b. General Insurance Business (Nationalization) Act, 1972
c. Companies Act, 1956
d. Insurance Regulatory and Development Authority Act, 1999
e. None of these

 

The Correct Answer Is:

  • c. Companies Act, 1956

Conclusion

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