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Section 14: Intimation of registration.

The Deposit Insurance and Credit Guarantee Corporation Act, 1961Central Act · Act 47 of 1961

(1) Where the Corporation has registered any [ [banking company, Regional Rural Bank] or co-operative bank] as an insured bank, it shall, within thirty days of its registration, send an intimation in writing to the [[banking company, Regional Rural Bank] or co-operative bank] that it has been registered as an insured bank.

(2) Every such intimation shall indicate the manner in which the premium payable by the bank under section 15 may be calculated.

Where this provision sits

ActThe Deposit Insurance and Credit Guarantee Corporation Act, 1961
Section14
Marginal noteIntimation of registration.
JurisdictionCentral
StatusIn force as published by the source

How this provision has been amended

Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.

  • substituted, Act 56 of 1968. . Subs. by Act 56 of 1968, s. 8, for "banking company" (w.e.f. 1-7-1971).
  • substituted, Act 21 of 1976. . Subs. by Act 21 of 1976, s. 33, for "banking company" (w.e.f. 26-9-1975).

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