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Section 17

Deposit Insurance and Credit Guarantee Corporation General Regulations, 1961Central Regulations · 1961

(i) A Director nominated under clause (d) or under clause (e) of Sub-Section

(1) of Section 6 of the Act shall receive a fee of Rs. 10,000/ - for each Board meeting which he attends and a fee of Rs. 5,000/ - for each Committee meeting which he attends.

ii) Members of a Committee shall receive a fee of Rs. 5,000/- for each Committee meeting which they attend.

(iii) Directors and Members shall be reimbursed their travelling and halting expenses, if any, on such scale as may be fixed by the Board from time to time.

18. The annual accounts of the Corporation shall be prepared and set out in the following manner :-

(i) A balance sheet as at the end of each year in Form ‘A’ in the schedule to these Regulations showing the position of the Deposit Insurance Fund, the Credit Guarantee Fund and the General Fund separately.

(ii) A revenue account for the year set out in Form ‘B’ in the schedule to these Regulations showing the income and expenditure of the Deposit Insurance Fund, the Credit Guarantee Fund and the General Fund separately.

CHAPTER V INSURED BANKS

Where this provision sits

ActDeposit Insurance and Credit Guarantee Corporation General Regulations, 1961
Section17
JurisdictionCentral
StatusIn force as published by the source

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