Central Act
28A
Section 28A. Profits from any business (other than life insurance business) how to be utilised.
The Life Insurance Corporation Act, 1956
In forceAll India (Central Act)
1[28A. Profits from any business (other than life insurance business) how to be utilised.--If for any financial year profits accrue from any business (other than life insurance business) carried on by the Corporation, then, after making provision for reserves and other matters for which provision is necessary or expedient, the balance of such profits shall be 2[allocated to or reserved for the members].]