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 24: General Fund.
    All receipts of the Corporation other than those referred to in sub-section (1) of section 23 1[or in sub-section (1) of section 23A] shall be credited to the General Fund and all payments by the Corporation other than those referred to in sub-section (2) 1[of section 23, or, as the case may be, sub-section (2) of section 23A] shall be made out of that Fund.
Notes:
1. Ins. by Act 21 of 1978, s. 8 (w.e.f. 15-7-1978).
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