Section 31
Reserve 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.
After making provisions for all its liabilities and for all other matters for which
provision is necessary or expedient, including any contribution to the staff and super annuation funds, the
Corporation shall transfer the balance, if any, of its income in its General Fund to one or more reserve
funds to be utilised in such manner and for such purposes as the Corporation may deem fit.