Section 27
Advances from General Fund to the Deposit Insurance Fund or Credit Guarantee Fund.
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[27. Advances From General Fund to the Deposit Insurance Fund or Credit Guarantee
Fund.--If, at any time, the amount available in the Deposit Insurance Fund or the Credit Guarantee Fund
is insufficient to meet the requirements of that Fund, the Corporation may transfer, on such terms and for
such period as may be determined by the Board with the approval of the Reserve Bank, from any of the
other two Funds, referred to in section 22, such amount as may be necessary to meet the requirements of
the Deposit Insurance Fund or the Credit Guarantee Fund, as the case may be.]
Notes
1. Subs. by s. 8, ibid., for section 27 (w.e.f. 15-7-1978).