Section 10. Transfer to Corporation of shares vested in Central Government

10. Transfer to Corporation of shares vested in Central Government.— All the shares in the capital of every Indian insurance company which stand transferred to and vested in the Central Government by virtue of section 4 [with the exception of the shares transferred to any person under sub-section (2) of that section] shall, immediately after such vesting, stand transferred to and vested in the Corporation and every Indian insurance company shall forthwith give effect to such transfer of shares and rectify its register of members by including therein the Corporation as the holder of such shares. Government by virtue of section 4 [with the exception of the shares transferred to any person under 1[10A. Transfer to Central Government of shares vested in Corporation.— All the shares in the capital of the acquiring companies, being — (a) the National Insurance Company Limited; (b) the New India Assurance Company Limited; (c) the Oriental Insurance Company Limited; (d) the United India Insurance Company Limited, and vested in the Corporation before the commencement of the General Insurance Business (Nationalisation) Amendment Act, 2002 (40 of 2002) shall, on such commencement, stand transferred to the Central Government.] 2[10B. Enhancement of equity capital of General Insurance companies.— The General Insurance Corporation and the insurance companies specified in section 10A may, raise their capital for increasing their business in rural and social sectors, to meet solvency margin and such other purposes, as the Central Government may empower in this behalf. 3* * * * *]