Section 4: Capital of Corporation.

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

[4. Capital of Corporation.--(1) The authorised capital of the Corporation shall be one crore of rupees but the Central Government may, in consultation with the Reserve Bank, increase such capital from time to time, so, however, that the total authorised capital shall not exceed [fifty crores of rupees].

(2) The [issued capital] for the time being of the Corporation shall be fully paid-up and shall stand allotted to the Reserve Bank.]

Where this provision sits

Act	The Deposit Insurance and Credit Guarantee Corporation Act, 1961
Section	4
Marginal note	Capital of Corporation.
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.

substituted, Act 56 of 1968. . Subs. by Act 56 of 1968, s. 4, for section 4 (w.e.f. 1-7-1971).
substituted, Act 1 of 1984. . Subs. by Act 1 of 1984, s. 57, for "fifteen crores" (w.e.f. 15-2-1984).
substituted, Act 21 of 1978. . Subs. by Act 21 of 1978, s. 8, for "authorised capital" (w.e.f. 15-7-1978).

Find the provision, not just read it

The full text above is free, and it stays free. What a free CourtMesh account adds is everything you cannot do by reading one page at a time:

Search 49,000+ Central and State enactments by what a provision says, not by its number
Jump from any section to every judgment that has applied it
Search 300 million+ Indian court records alongside the statute
Ask a research agent to find and read the case law on a provision for you

Free account. No card. About a minute to create.

Create a free account

Need this as data, not as a page? The Deposit Insurance and Credit Guarantee Corporation Act, 1961 is one of 49,000+ enactments on CourtMesh. The Indian court cases API serves the case law that cites these provisions over JSON, with API documentation and plans and pricing. See also the judgment library.