Home India Deposit Insurance and Credit Guarantee Corporation Notification for exemption of deposits credited to Depositor...
Date: 2014-11-27 Category: Extra Ordinary State: Union Government Country: India

Notification for exemption of deposits credited to Depositor Education and Awareness Fund in terms of Section 2 (g) (ia) of the DICGC Act, 1961.

Issued by Deposit Insurance and Credit Guarantee Corporation · NOT available

Research with AI Agent Chat with Document Generate Summary Translate Helpful Share Add to Project Create Task

Executive Summary & Key Takeaways

This notification, issued by the Deposit Insurance and Credit Guarantee Corporation (DICGC) on November 27, 2014, exempts deposits credited to the Depositor Education and Awareness Fund from the definition of "deposit" under Section 2(g) of the DICGC Act, 1961. The exemption is granted with the previous approval of the Reserve Bank of India (RBI). The Depositor Education and Awareness Fund was established by the RBI in accordance with Section 26A of the Banking Regulation Act, 1949, and the Depositor Education and Awareness Fund Scheme, 2014. The notification clarifies that the terms "Corporation" and "Reserve Bank" have the meanings assigned to them in the DICGC Act, 1961. The notification is issued under the authority of the DICGC Act, 1961 (47 of 1961). Jasbir Singh, Executive Director, is listed.

Key Entities Referenced

Deposit Insurance and Credit Guarantee Corporation: A corporation that is granting an exemption related to deposits credited to the Depositor Education and Awareness Fund. DICGC Act, 1961: The Deposit Insurance and Credit Guarantee Corporation Act, 1961, which provides the legal basis for the exemption. Depositor Education and Awareness Fund: A fund to which deposits are being credited, and which is the subject of an exemption from the definition of 'deposit'. Reserve Bank: The Reserve Bank, which established the Depositor Education and Awareness Fund and whose approval is required for the exemption. Banking Regulation Act, 1949: The Banking Regulation Act, 1949, specifically Section 26A, which is related to the establishment of the Depositor Education and Awareness Fund. Depositor Education and Awareness Fund Scheme, 2014: The scheme established by the Reserve Bank in relation to the Depositor Education and Awareness Fund. Mumbai, Maharashtra: The location where the notification was issued. New Delhi: Place of publication of the notification
Official Source Record View Original Source →
See Full Document Text
jftLVªh laö Mhö ,yö&33004@99 REGD. NO. D. L.-33004/99 vlk/kj.k EXTRAORDINARY Hkkx III—[k.M 4 PART III—Section 4 izkf/dkj ls izdkf'kr PUBLISHED BY AUTHORITY la- 345] ubZ fnYyh] c`gLifrokj] uoEcj 27] 2014@vxzgk;.k 6] 1936 No. 345] NEW DELHI, THURSDAY, NOVEMBER 27, 2014/AGRAHAYANA 6, 1936 ििििनननन(cid:3)(cid:3)(cid:3)(cid:3)पपेेपपेे बबबबीीीीममममाााा औऔऔऔरररर (cid:13)(cid:13)(cid:13)(cid:13)(cid:14)(cid:14)(cid:14)(cid:14)यययययययय गगगगााााररररंंंंटटटटीीीी ििििननननगगगगमममम DEPOSIT INSURANCE AND CREDIT GUARANTEE CORPORATION ििििनननन(cid:3)(cid:3)(cid:3)(cid:3)पपेेपपेे बबबबीीीीममममाााा औऔऔऔरररर (cid:13)(cid:13)(cid:13)(cid:13)(cid:14)(cid:14)(cid:14)(cid:14)यययययययय गगगगााााररररंंंंटटटटीीीी ििििननननगगगगमममम अअअअििििधधधधििििननननययययमममम,,,, 1111999966661111 कककक(cid:22)(cid:22)(cid:22)(cid:22) Notification for exemption of deposits credited to धधधधाााारररराााा 2222 ((((जजजजीीीी)))) ((((आआआआईईईई एएएए)))) ककककेेेे अअअअततंंततंं गगगगतत(cid:24)(cid:24)तत(cid:24)(cid:24) जजजजममममााााककककतततताााा (cid:24)(cid:24) (cid:24)(cid:24)f'k{kk औऔऔऔरररर Depositor Education and Awareness Fund in terms जजजजाााागगगग(cid:26)(cid:26)(cid:26)(cid:26)ककककतततताााा ििििननननििििधधधध मममम (cid:27)(cid:27) (cid:27)(cid:27)जजजजममममाााा कककक(cid:22)(cid:22)(cid:22)(cid:22) गगगगययययीीीी ररररााााििििशशशश ककककोोोो जजजजममममाााा ररररााााििििशशशशयययय(cid:30)(cid:30)(cid:30)(cid:30) सससस ेे ेे of Section 2 (g) (ia) of the DICGC Act, 1961. छछछछूूूूटटटट ककककेेेे ििििललललएएएए अअअअििििधधधधससससचचूूचचूू ननननाााा Mumbai, the 26th May, 2014 मुंबई, 26 मई, 2014 In exercise of the powers conferred by Section 2 (g) (ia) of the Deposit Insurance and Credit Guarantee िन(cid:3)ेप बीमा और (cid:13)(cid:14)यय गारंटी िनगम अिधिनयम, Corporation Act, 1961 (47 of 1961), hereinafter referred 1961 (1961 का 47) िजसे आगे “अिधिनयम” कहा जाएगा, to as “the Act”, and of all the powers enabling it in this क(cid:19) धारा 2 (जी) (आई ए) (cid:21)ारा (cid:13)द(cid:23) अिधकार(cid:25) के (cid:13)(cid:14)यायोजन behalf, the Corporation, with the previous approval of the Reserve Bank, hereby specially exempts from the म(cid:28) और (cid:29)रt+व (cid:31) ब क के पूव(cid:31) अनुमोदन से इस संबंध म(cid:28) िनगम को meaning of the term “deposit”, the amounts credited to %दए सभी अिधकार(cid:25) के अंतग(cid:31)त बक कारी िविनयमन अिधिनयम, the Depositor Education and Awareness Fund 1949 (1949 का 10) क(cid:19) धारा 26 ए के (cid:13)ावधान(cid:25) के अनु)प established by the Reserve Bank in furtherance of the (cid:29)रt+व (cid:31)ब क (cid:21)ारा *थािपत जमाकता(cid:31) िश(cid:3)ा और जाग)कता िनिध provisions of Section 26A of the Banking Regulation Act, 1949 (10 of 1949) and in accordance with the म(cid:28) तथा उ. अिधिनयम क(cid:19) धारा 26 ए क(cid:19) उप-धारा (1) और Depositor Education and Awareness Fund Scheme, (5) के अंतग(cid:31)त (cid:13)द(cid:23) अिधकार(cid:25) के (cid:13)(cid:14)यायोजन म(cid:28) (cid:29)रt+व(cid:31) ब क 2014 made by the Reserve Bank in exercise of its powers under sub-sections (1) and (5) of Section 26A of (cid:21)ारा बनायी गयी जमाकता(cid:31) िश(cid:3)ा और जाग)कता िनिध that Act. योजना, 2014 म(cid:28) जमा क(cid:19) गयी रािश को “जमा” श/द के अथ(cid:31) म(cid:28) 1. The expressions “Corporation” and “Reserve न िलए जाने क(cid:19) िवशेष छूट दी गयी ह ै। Bank” shall have the meanings respectively assigned to them in the Act. 1. “िनगम” और “(cid:29)रt+व(cid:31) ब क” अिभ7ि. का अथ(cid:31) 8मश: अिधिनयम म(cid:28) िन9द: अथ(cid:31) ही होगा । JASBIR SINGH, Executive Director जसबीर ;सह, काय(cid:31)पालक िनदशे क [ADVT. III/4/Exty./69Q/2014 [foKkiu&III@4@vlk-@69D;@w 2014] 4675 GI/2014 Printed by the Manager, Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

Continue your research