Section 25A: Amount in one fund may be transferred to the other fund or may be utilised for other purposes.

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

[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.]

Where this provision sits

Act	The Deposit Insurance and Credit Guarantee Corporation Act, 1961
Section	25A
Marginal note	Amount in one fund may be transferred to the other fund or may be utilised for other purposes.
Jurisdiction	Central
Status	In 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.

inserted, Act 21 of 1978. . Ins. by Act 21 of 1978, s. 8 (w.e.f. 15-7-1978).

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