Act Number: 47

Act Name: The Deposit Insurance and Credit Guarantee Corporation Act, 1961

Year: 1961

Enactment Date: 1961-12-07

Long Title: 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.

Ministry: Ministry of Finance

Department: Department of Financial Services

Section 10: Registration of existing banking companies.
    1[10. Registration of existing banking companies.--The Corporation shall register every existing banking company as an insured bank before the expiry of thirty days from the date of commencement of this Act.]
Notes:
1. Ins. by Act 56 of 1968, s. 6 (w.e.f. 1-7-1971).
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