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Report No. 190 Scheme for partial winding up (Section 58) 8.9.8 Section 58 provides for partial winding up of insurance companies. In its subsections (3) and (4), reference to the Companies Act, 1913 may be substituted by the Companies Act 1956. 8.9.9 In sub-section (4), reference of section 12 of the Companies Act 1913 be substituted by '15' and sections 15 and 16 be replaced by section 17 of the Companies Act 1956.    |
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