Section 45
Power of Central Government to give directions.
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.
In the discharge of its functions under this
Act, the Corporation shall be guided by such directions in matters of policy involving public interest as
the Central Government may after consulting the Reserve Bank give to it in writing, and if any question
arises whether the directions relates to a matter of policy involving public interest, the decision of the
Central Government thereon shall be final.