This notification, S.O. 6031(E), issued by the Department of Financial Services, Ministry of Finance, on December 4, 2018, announces the appointment of Shri Atul Sahai, General Manager of Oriental Insurance Company Limited (OICL), as Chairman-cum-Managing Director (CMD) of the New India Assurance Company Limited (NIACL). The appointment is made in exercise of the powers conferred by Article 121 of the Memorandum and Articles of Association of NIACL. Shri Sahai's tenure is for a period of five years from the date of the notification, up to the date of his superannuation, or until further orders, whichever is earliest. His scale of pay will be Rs. 2,05,400-2,24,400. The notification is referenced as F.No. A-15011/07/2013-Ins.II and is issued by Debasish Panda, Additional Secretary.
Key Entities Referenced
New India Assurance Company Limited: A government owned general insurance company in India, also referred to as NIACL in the document.
Atul Sahai: Appointed as Chairman-cum-Managing Director (CMD) of New India Assurance Company Limited (NIACL).
Oriental Insurance Company Limited: A government owned general insurance company in India, where Atul Sahai was serving as General Manager, also referred to as OICL in the document.
Ministry of Finance: The ministry responsible for financial matters in the Government of India, which issued the notification.
New Delhi: The location where the notification was issued.
Article 121 of Memorandum and Articles of Association of the New India Assurance Company Limited: The article that confers powers used for the appointment of Atul Sahai.
Debasish Panda: Additional Secretary who signed the notification.
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[फा.सं. ए.15011/07/2013-बीमा-II]
ददददेबेबेबेबााााशशशशीीीीषषषष पपपपााााडडंंडडंं ाााा, अपर सिचव
MINISTRY OF FINANCE
(Department of Financial Services)
NOTIFICATION
New Delhi, the 4th December, 2018
S.O. 6031(E).—In exercise of the powers conferred by Article121of Memorandum and Articles of Association
of the New India Assurance Company Limited (NIACL), the Central Government is pleased to appoint Shri Atul Sahai,
7106 GI/2018 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
General Manager, Oriental Insurance Company Limited (OICL), as Chairman-cum-Managing Director (CMD), New
India Assurance Company Limited (NIACL) in the scale of pay of Rs.2,05,400-2,24,400/- for a period of five years from
the date of notification of his appointment, or up to the date of his superannuation, or until further orders, whichever is
the earliest.
[F.No. A-15011/07/2013-Ins.II]
DEBASISH PANDA, Addl. Secy.
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.