Section 25A is a section of The Deposit Insurance and Credit Guarantee Corporation Act – Section 25A DIACG. Section 25A of The Deposit Insurance and Credit Guarantee Corporation Act was enacted in year 1961. Section 25A of The Deposit Insurance and Credit Guarantee Corporation Act title is: 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 DIACG is a central act.
Section 25A of The Deposit Insurance and Credit Guarantee Corporation Act content is:
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.]
1. Ins. by Act 21 of 1978, s. 8 (w.e.f. 15-7-1978).
When was Section 25A of DIACG enacted?
Section 25A of DIACG was enacted in year 1961.
What is Section 25A of DIACG?
Section 25A of DIACG title is Amount in one fund may be transferred to the other fund or may be utilised for other purposes . Section 25A of DIACG contents are stated above.