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 35: Corporation to have access to records.
    (1) The Corporation shall have free access to all such records of an insured bank 1[or a credit institution] perusal where of may appear to the Corporation to the necessary for the discharge of its functions under this Act.
     (2) The Corporation may require any insured bank 1[or credit institution] to furnish to it copies of any of the records referred to in sub-section (1) and the bank 1[or the credit institution] shall be bound to comply with the requisition.
Notes:
1. Ins. by Act 21 of 1978, s. 8 (w.e.f. 15-7-1978).
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