Section 32 of The General Insurance Business (Nationalisation) Act, 1972 in hindi
Indemnity
Every officer of the Central Government and every officer or other employee of the Corporation and of any acquiring company shall be indemnified by the Central Government or the Corporation or the acquiring company, as the case may be, against all losses and expenses incurred by him in, or in relation to, the discharge of his duties under this Act except such as have been caused by his own wilful act or default.
Summary
- This section protects officers of the Central Government, the Corporation, and acquiring companies.
- These individuals are indemnified, meaning their losses and expenses are paid for.
- The protection applies when they incur expenses while discharging their official duties under this Act.
- The protection does not apply if the loss was caused by their own wilful act or default.
- The entity they work for (the Government, Corporation, or acquiring company) pays the indemnity.
Practical examples
FAQ
1. Who is indemnified?
Officers of the Central Government, the Corporation, and acquiring companies.
2. Who pays the indemnity?
The government, Corporation, or company, depending on who the person works for.
3. What is not covered by this protection?
Losses or expenses caused by a person's own wilful act or default.
Test yourself
Q1.Under Section 32 of The General Insurance Business (Nationalisation) Act, 1972, who is responsible for indemnifying an officer of an acquiring company?
Q2.Under Section 32 of The General Insurance Business (Nationalisation) Act, 1972, which of the following types of actions is completely excluded from indemnity protection?
Q3.Under Section 32 of The General Insurance Business (Nationalisation) Act, 1972, what condition must be met for an employee to receive indemnity for expenses incurred?
Q4.Under Section 32 of The General Insurance Business (Nationalisation) Act, 1972, which specific group of government workers receives indemnity under this provision?