Act Info:
Preamble1 - DEPOSIT INSURANCE AND CREDIT GUARANTEE CORPORATION ACT, 1961
Chapter I Section1 - Short title, extent and commencement
Section2 - Definition
Chapter II Section3 - Establishment And Incorporation Of Deposit Insurance Corporation
Section4 - Capital Of Corporation
Section5 - Management Of Corporation
Section6 - Board Of Directors
Section7 - Meetings Of Board
Section8 - Committees Of Corporation
Section9 - Fees And Allowances Of Directors
ChapterIII - REGISTRATION OF BANKING COMPANIES AND CO-OPERATIVE BANKS AS INSURED BANKS AND LIABILITY OF CORPORATION TO DEPOSETORS
Section10 - Registration Of Existing Banking Companies
Section11 - Registration Of New Banking Companies
Section11A - Registration Of Regional Rural Banks
Section12 - Registration Of Defunct Banking Companies
Section13 - Cancellation Of Registration
Section13A - Registration Of Co-Operative Banks
Section13B - Registration Of Defunct Co-Operative Banks
Section13C - Cancellation Of Registration Of Co-Operative Banks
Section13D - Circumstances In Which Reserve Bank May Require Winding Up Of Co-Operative Banks
Section14 - Intimation Of Registration
Section15 - Premium
Section15A - Cancellation Of Registration Of An Insured Bank For Non-Payment Of Premium
Section16 - Liability Of Corporation In Respect Of Insured Deposits
Section17 - Manner Of Payment By Corporation In Case Of Winding Up Of Insured Banks
Section18 - Manner Of Payment By Corporation In Case Of Scheme Of Compromise Or Arrangement Or Of Reconstruction Or Amalgamation In Respect Of An Insured Bank
Section19 - Discharge Of Liability Of Corporation
Section20 - Provision For Unpaid Amounts
Section21 - Repayment Of The Amount To Corporation
ChapterIIIA - CREDIT GUARANTEE FUNCTIONS
Section21A - Guaranteeing Of Credit Facilities And Indemnifying Credit Institutions
Section21B - Corporation To Act As Agent Of Central Government
Chapter IV Section22 - Funds Of Corporation
Section23 - Deposit Insurance Fund
Section23A - Credit Guarantee Fund
Section24 - General Fund
Section25 - Investment
Section25A - Amount In One Fund May Be Transferred To The Other Fund Or May Be Utilised For Other Purposes
Section26 - Advances By Reserve Bank
Section27 - Advances From General Fund To The Deposit Insurance Fund Or Credit Guarantee Fund
Section28 - Preparation Of Balance-Sheet, Etc., By Corporation
Section29 - Audit
Section30 - Income-Tax And Super-Tax
Section31 - Reserve Fund
Section32 - Annual Accounts And Reports
Chapter V Section33 - Staff Of Corporation
Section34 - Returns From Insured Banks
Section35 - Corporation To Have Access To Records
Section36 - Inspection Of Insured Banks By Reserve Bank
Section37 - Corporation To Furnish Information To Reserve Bank
Section38 - Reserve Bank To Furnish Information To Corporation
Section39 - Declaration Of Fidelity And Secrecy
Section40 - Indemnity Of Directors
Section41 - Defects In Appointment Not In Invalidate Acts, Etc
Section42 - Protection Of Action Taken Under This Act
Section43 - Companies Act, 1956 And Insurance Act, 1938 Not To Apply
Section44 - Liquidation Of Corporation
Section45 - Power Of Central Government To Give Directions
Section46 - Dispute As To Amount Of Premium
Section47 - Penalties
Section48 - Offences By Companies
Section49 - Cognizance And Trial Of Offences
Section50 - Regulation
Section51 - Amendment Of Certain Enactments
Schedule1 - FIRST SCHEDULE
Schedule2 - SECOND SCHEDULE
Amending Act1 - DEPOSIT INSURANCE CORPORATION (AMENDMENT) ACT, 1968
Amending Act2 - DEPOSIT INSURANCE CORPORATION (AMENDMENT AND MISCELLANEOUS PROVISIONS) ACT, 1978
Amending Act3 - BANKING COMPANIES (ACQUISITION AND TRANSFER OF UNDERTAKINGS) AND FINANCIAL INSTITUTIONS LAWS (AMENDMENT) ACT, 2006