MANU/FNSV/0009/2022

Ministry : Ministry of Finance

Department/Board : Financial Services

Notification No. : SO1821(E)

Date of Notification : 13.04.2022

Date of Publication : 13.04.2022

Notification/ Circulars Referred : Notification numbers S. O. 731(E), dated the 12th October, 1982 MANU/CNBN/2573/1982;Notification number S.O.2579 (E), dated the 31st July, 2020 MANU/FNSV/0041/2020

Citing Reference:
Notification numbers S. O. 731(E), dated the 12th October, 1982 MANU/CNBN/2573/1982  Referred

Notification number S.O.2579 (E), dated the 31st July, 2020 MANU/FNSV/0041/2020  Referred

United India Fire and General Insurance Company Limited (Merger) Amendment Scheme, 2022

S.O.1821(E).--In exercise of the powers conferred by sub-section (1) and sub-section (6) of section 16 of the General Insurance Business (Nationalisation) Act, 1972 (57 of 1972), the Central Government hereby makes the following Scheme further to amend the United India Fire and General Insurance Company Limited (Merger) Scheme, 1973, namely:-

1.     (1) This Scheme may be called the United India Fire and General Insurance Company Limited (Merger) Amendment Scheme, 2022.

(2) It shall come into force on the date of its publication in the Official Gazette.

2. In the United India Fire and General Insurance Company Limited (Merger) Scheme, 1973,-

(i) in paragraph 10, for the words "five thousand crore divided into five hundred crore", the words "seven thousand five hundred crore divided into seven hundred fifty crore" shall be substituted;

(ii) in the Second Schedule, -