Section 14
Intimation of registration.
The Deposit Insurance and Credit Guarantee Corporation Act, 1961
About this Act
An Act to provide for the establishment of a corporation for the purpose of insurance of deposits and guaranteeing of credit facilities and for other matters connected therewith or incidental thereto.
(1) Where the Corporation has registered any 1[ 2[banking
company, Regional Rural Bank] or co-operative bank] as an insured bank, it shall, within thirty days of its
registration, send an intimation in writing to the 1[2[banking company, Regional Rural Bank] or
co-operative bank] that it has been registered as an insured bank.
(2) Every such intimation shall indicate the manner in which the premium payable by the bank under section 15 may be calculated.
(2) Every such intimation shall indicate the manner in which the premium payable by the bank under section 15 may be calculated.
Notes
1. Subs. by Act 56 of 1968, s. 8, for "banking company" (w.e.f. 1-7-1971).
2. Subs. by Act 21 of 1976, s. 33, for "banking company" (w.e.f. 26-9-1975).
2. Subs. by Act 21 of 1976, s. 33, for "banking company" (w.e.f. 26-9-1975).