law: Life Insurance Corporation Act, 1956 
  5. Capital of the
  
  Corporation.- 
  
  1.     
  
    The
  
  original capital of the Corporation shall be five crores of rupees provided by
  
  the Central Government after due appropriation made by Parliament by law for
  
  the purpose, and the terms and conditions relating to the provision of such
  
  capital shall be such as may be determined by the Central Government.
  2.     
  
    The
  
  Central Government may, on the recommendation of the Corporation, reduce the
  
  capital of the Corporation to such extent and in such manner as the Central
  
  Government may determine.