LawgistThe Deposit Insurance and Credit Guarantee Corporation Act
25Investment
All moneys belonging to the Deposit Insurance Fund 1[or the Credit Guarantee Fund] or the General Fund which may not for the time being be required by the Corporation shall be invested in promissory notes, stock or securities of the Central Government and all other moneys shall be deposited with the Reserve Bank.
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1. Ins. by Act 21 of 1978, s. 8 (w.e.f. 15-7-1978).
FUNDS, ACCOUNTS AND AUDIT
- 22 Funds of Corporation
- 23 Deposit Insurance Fund
- 23A Credit Guarantee Fund
- 24 General Fund
- 25 Investment
- 25A Amount in one fund may be transferred to the other fund or may be utilised for other purposes
- 26 Advances by Reserve Bank
- 27 Advances from General Fund to the Deposit Insurance Fund or Credit Guarantee Fund
- 28 Preparation of balance-sheet, etc., by corporation
- 29 Audit
- 30 Income-tax
- 31 Reserve Fund
- 32 Annual accounts and reports
