LawgistThe Deposit Insurance and Credit Guarantee Corporation Act
10Registration 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.]
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1. Ins. by Act 56 of 1968, s. 6 (w.e.f. 1-7-1971).
REGISTRATION OF BANKING COMPANIES AND CO-OPERATIVE BANKS AS INSURED BANKS AND LIABILITY OF CORPORATION TO DEPOITORS
- 10 Registration of existing banking companies
- 11 Registration of new banking companies
- 11A Registration of Regional Rural Banks
- 12 Registration of defunct banking companies
- 13 Cancellation of registration
- 13A Registration of co-operative banks
- 13B Registration of defunct co-operative banks
- 13C Cancellation of registration of co-operative banks
- 13D Circumstances in which Reserve Bank may require winding up of co-operative banks
- 14 Intimation of registration
- 15 Premium
- 15A Cancellation of registration of an insured bank for non-payment of premium
- 16 Liability of Corporation in respect of insured deposits
- 17 Manner of payment by Corporation in case of winding up of insured banks
- 18 Manner of payment by corporation in case of scheme of compromise or arrangement or of reconstruction or amalgamation in respect of an insured bank
- 19 Discharge of the liability of Corporation
- 20 Provision for unpaid amounts
- 21 Repayment of the amount to corporation
