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The Deposit Insurance and Credit Guarantee Corporation Act, 1961

63 sections · 6 chapters · 2 schedules

- Section 1 Short title, extent and commencement.
- Section 2 Definition.
- Section 21A Guaranteeing of credit facilities and indemnifying credit institutions.
- Section 21B Corporation to act as agent of Central Government.
Section 18A Liability of Corporation to make interim payment to depositors of insured bank.
Section 43A Powers of Reserve Bank not to apply to International Financial Services Centre.
Schedule 1 THE FIRST SCHEDULE
Schedule 2 THE SECOND SCHEDULE.

The Deposit Insurance and Credit Guarantee Corporation Act, 1961

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The Deposit Insurance and Credit Guarantee Corporation Act, 1961
Chapter V

Chapter V

MISCELLANEOUS

Sections in this chapter

Section 33 — Staff of Corporation.
Section 34 — Returns from insured banks.
Section 35 — Corporation to have access to records.
Section 36 — Inspection of insured banks by Reserve Bank.
Section 37 — Corporation to furnish information to Reserve Bank.
Section 38 — Reserve Bank to furnish information to Corporation.
Section 39 — Declaration of fidelity and secrecy.
Section 40 — Indemnity of directors.
Section 41 — Defects in appointment not to invalidate acts, etc.
Section 42 — Protection of action taken under this act.
Section 43 — Companies Act, 1956 and insurance act, 1938 not to apply.
Section 44 — Liquidation of Corporation.
Section 45 — Power of Central Government to give directions.
Section 46 — Dispute as to amount of premium.
Section 47 — Penalties.
Section 48 — Offences by companies.
Section 49 — Cognizance and trial of offences.
Section 50 — Regulation.
Section 51 — Repealed.
Section 18A — Liability of Corporation to make interim payment to depositors of insured bank.
Section 43A — Powers of Reserve Bank not to apply to International Financial Services Centre.