Section 11: Amounts to be paid for transfer and vesting of shares or undertakings. - (1) For the transfer of the shares of each Indian insurance company to, and vesting in, the Central Government, under section 4, there shall be paid by the Central Government to the Corporation, for distribution to the shareholders of each such company, the amount specified against such company in the corresponding entry under column 3 of Part A of the Schedule

Q: What does Section 11 of The General Insurance Business (Nationalisation) Act, 1972 (TGIBNA) deal with?

Section 11 TGIBNA pertains to "Amounts to be paid for transfer and vesting of shares or undertakings. - (1) For the transfer of the shares of each Indian insurance company to, and vesting in, the Central Government, under section 4, there shall be paid by the Central Government to the Corporation, for distribution to the shareholders of each such company, the amount specified against such company in the corresponding entry under column 3 of Part A of the Schedule". It is part of the The General Insurance Business (Nationalisation) Act, 1972, a legislation enacted by the Parliament of India. Section 11 of The General Insurance Business (Nationalisation) Act, 1972 (TGIBNA) governs amounts to be paid for transfer and vesting of shares or undertakings. - (1) For the transfer of the shares of each Indian insurance company to, and vesting in, the Central Government, under section 4, there shall be paid by the Central Government to the Corporation, for distribution to the shareholders of each such company, the amount specified against such company in the corresponding entry under column 3 of Part A of the Schedule. As verified on 19 May 2026.

Q: Is Section 11 TGIBNA still in force?

Yes, Section 11 of the The General Insurance Business (Nationalisation) Act, 1972 is currently in force across the Republic of India.

Q: What is धारा 11 TGIBNA?

धारा 11 TGIBNA is the Devanagari Hindi reference for Section 11 of the The General Insurance Business (Nationalisation) Act, 1972. Section 11 of The General Insurance Business (Nationalisation) Act, 1972 (TGIBNA) governs amounts to be paid for transfer and vesting of shares or undertakings. - (1) For the transfer of the shares of each Indian insurance company to, and vesting in, the Central Government, under section 4, there shall be paid by the Central Government to the Corporation, for distribution to the shareholders of each such company, the amount specified against such company in the corresponding entry under column 3 of Part A of the Schedule. As verified on 19 May 2026.

Q: What is Dhara 11 TGIBNA?

Dhara 11 TGIBNA is the Roman Hindi reference for Section 11 of the The General Insurance Business (Nationalisation) Act, 1972. "Dhara" means "Section" in Hindi. Section 11 of The General Insurance Business (Nationalisation) Act, 1972 (TGIBNA) governs amounts to be paid for transfer and vesting of shares or undertakings. - (1) For the transfer of the shares of each Indian insurance company to, and vesting in, the Central Government, under section 4, there shall be paid by the Central Government to the Corporation, for distribution to the shareholders of each such company, the amount specified against such company in the corresponding entry under column 3 of Part A of the Schedule. As verified on 19 May 2026.

Q: How to cite Section 11 of The General Insurance Business (Nationalisation) Act, 1972?

Cite as: "Section 11, The General Insurance Business (Nationalisation) Act, 1972 (TGIBNA)" in legal briefs. For academic writing, use the BlueBook format: The General Insurance Business (Nationalisation) Act, 1972, § 11 (India).

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(2)

For the transfer to, and vesting in, the Central Government, under section 5, of the undertaking of each existing insurer, who is not an Indian insurance company, there shall be paid by the Central Government to the Corporation, for payment to each such existing insurer, the amount specified against such insurer in the corresponding entry under column 3 of Part B of the Schedule.