LawgistThe Deposit Insurance and Credit Guarantee Corporation Act
25AAmount in one fund may be transferred to the other fund or may be utilised for other purposes
1[25A. Amounts in one Fund may be transferred to the other Fund or may be utilised for other purposes.--Notwithstanding anything contained in this Act, the Board may--
(a) transfer any amount from the Deposit Insurance Fund to the Credit Guarantee Fund or from the Credit Guarantee fund to the Deposit Insurance Fund, or
(b) utilise any money standing to the credit of either of the said Funds, for such purposes as it may think fit, if it is satisfied that the balance in the Fund, after such transfer or utilisation, will be adequate to meet any probable claim on that Fund.]
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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
