Deposit Insurance and Credit Guarantee Corporation Act ,1961

Act No : 47

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Section : Advances from general Fund to the Deposit Insurance Fund or CreditGuarantee Fund.

3*[27. Advances from general Fund to the Deposit Insurance Fund or Credit Guarantee Fund. If, at any time, the amount available in the Deposit Insurance Fund or the Credit Guarantee Fund is insufficient to meet the requirements of that Fund, the Corporation may transfer, on such terms and for such period as may be determined by the Board with the approval of the Reserve Bank, from any of the other two Funds, referred to in section 22, such amount as may be necessary to meet the requirements of the Deposit Insurance Fund or the Credit Guarantee Fund, as the case may be.] --------------------------------------------------------------------- 1. Ins. by Act 21 of 1978, s. 8 (w.e.f. 15-7-1978). 2. Subs. by s. 8, ibid., for "that section" (w.e.f. 15-7-1978). 3. Subs. by s. 8, ibid., for s. 27 (w.e.f. 15-7-1978). 295

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