Section 32
Annual accounts and reports.
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) The Corporation shall furnish to the Reserve Bank within
three months from the date on which its accounts are balanced and closed the balance-sheet and accounts
together with the auditor's report and a report of the working of the Corporation during the year and
copies of the said balance-sheet and accounts and reports shall be furnished by the Corporation to the
Central Government.
(2) The Central Government shall cause every auditor's report and report of the working of the Corporation to be laid 1[as soon as may be after they received before each House of Parliament 2***.
(2) The Central Government shall cause every auditor's report and report of the working of the Corporation to be laid 1[as soon as may be after they received before each House of Parliament 2***.
Notes
1. 5. Subs. by Act 1 of 1984, s. 63, for certain words (w.e.f. 15-2-1984).
2. The words ", while it is in session, for a total period of thirty days which may be comprised in one session or in two or more successive sessions" omitted by Act 81 of 1985, s. 6 (w.e.f. 1-5-1986).
2. The words ", while it is in session, for a total period of thirty days which may be comprised in one session or in two or more successive sessions" omitted by Act 81 of 1985, s. 6 (w.e.f. 1-5-1986).