Section 24

General Fund.

The Deposit Insurance and Credit Guarantee Corporation Act, 1961

  • Act 47 of 1961
  • Ministry of Finance
  • Department of Financial Services
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.

All sections
    All receipts of the Corporation other than those referred to in sub-section (1) of section 23 1[or in sub-section (1) of section 23A] shall be credited to the General Fund and all payments by the Corporation other than those referred to in sub-section (2) 1[of section 23, or, as the case may be, sub-section (2) of section 23A] shall be made out of that Fund.

Notes

1. Ins. by Act 21 of 1978, s. 8 (w.e.f. 15-7-1978).

Source: India Code (Legislative Department, Govt. of India). Check the official Gazette before relying on it in court. Not legal advice. Free legal aid: 15100 (NALSA) · Know your rights

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