This notification, issued by the Deposit Insurance and Credit Guarantee Corporation (DICGC) on August 28, 2013, and published in the Gazette of India on March 19, 2014, concerns the General Amendment Regulations, 2013. These regulations, enacted under the authority of Subsection 3 of Section 50 of the DICGC Act, 1961 (No. 47 of 1961), with prior approval from the Reserve Bank of India, amend the Deposit Insurance and Credit Guarantee Corporation Regulations, 1961.
The key changes, effective from August 28, 2013, involve amendments to Regulation 17. Specifically, in clause (i) of Regulation 17, the figures "5,000 and 2,500" are replaced with "10,000 and 5,000" respectively. Furthermore, in clause (ii) of Regulation 17, the figure "2,500" is replaced with "5,000."
The notification is issued by Kumudini Hajra, Director, Deposit Insurance and Credit Guarantee Corporation.
Key Entities Referenced
Deposit Insurance and Credit Guarantee Corporation: A corporation established by the Indian government to provide deposit insurance and credit guarantee.
General Amendment Regulations, 2013: Regulations issued by the Deposit Insurance and Credit Guarantee Corporation, amending previous regulations.
Deposit Insurance and Credit Guarantee Corporation Act, 1961: The act of the Parliament of India that established the Deposit Insurance and Credit Guarantee Corporation.
Reserve Bank of India: The central bank of India, which provides prior approval for amendments to Deposit Insurance and Credit Guarantee Corporation regulations.
Mumbai, Maharashtra: The city in Maharashtra, India, where the notification was issued.
New Delhi: The city of India, place of publication.
KUMIDINI HAJRA: Director associated with the notification.
Deposit Insurance and Credit Guarantee Corporation Regulations, 1961: The original regulations that are being amended by the General Amendment Regulations, 2013.
jftLVhª löa Mhö&33004@99 REGD. NO. D. L.-33004/99
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EXTRAORDINARY
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PART III—Section 4
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PUBLISHED BY AUTHORITY
la- 90] ubZ fnYyh] cq/okj] ekpZ 19] 2014@iQkYxqu 28] 1935
No. 90] NEW DELHI, WEDNESDAY, MARCH 19, 2014/PHALGUNA 28, 1935
fu{ksi chek vkSj izR;{k xkjaVh fuxe DEPOSIT INSURANCE AND CREDIT GUARANTEE
CORPORATION
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NOTIFICATION
eqEcbZ] 28 vxLr] 2013 Mumbai, the 28th August, 2013
(General (Amendment) Regulations, 2013)
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Deposit Insurance and Cridit Guarantee
Corporation General (Amendment) Regulation, 2013.—
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In exercise of the powers conferred by Sub-section (3)
(la'kks/u) fofu;e 2013-—fu{ksi chek vkSj izR;{k xkjaVh
of Section 50 of the Deposit Insurance and Credit
fuxe vf/fu;e] 1961 (1961 dk 47) dh /kjk 50 dh mi&
Guarantee Corporation Act, 1961 (No. 47 of 1961), the
/kjk (3) }kjk iznÙk 'kfDr;ksa dk iz;ksx djrs gq, fu{ksi chek vkSj Board of Deposit Insurance and Credit Guarantee
izR;{k xkjaVh fuxe ds cksMZ us Hkkjrh; fj”koZ cSad dh iwoZ vuqefr Corporation with prior approval of Reserve Bank of India
l sfu{kis chek vkjS iRz;{k xkjVa h fuxe fofu;e] 1961 e asfuEukulq kj is pleased to make the following amendments to the
Deposit Insurance and Credit Guarantee Corporation
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Regulations, 1961.
1- bu fofu;eksa dks fu{ksi chek vkSj izR;{k xkjaVh fuxe 1. These Regulations may be called the Deposit
Insurance and Credit Guarantee Corporation
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General (Amendment) Regulations, 2013.
2- ;s fofu;e 28 vxLr 2013 ls ykxw gksaxs A 2. These Regulations shall come into force from the
date August 28, 2013.
3- fofu;e 17 esa fuEukuqlkj la'kks/u fd;k tk, %
3. The following amendments be made to
Regulation 17:
(i) fofu;e 17 ds [kaM (i) ds vkadM+s ` 5]000 vkSj
(i) In clause (i) of Regulation 17 the figures
` 2]500 ds LFkku ij Øe'k% ` 10]000 vkSj `
` 5,000 and ` 2,500 shall be substituted by
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the figures ` 10,000 and ` 5,000 respectively.
(ii) fofu;e 17 ds [kaM (ii) ds vkadM+s ` 2]500 ds (ii) In Clause (ii) of Regulation 17 the figures
LFkku ij ` 5]000 i<+k tk, A ` 2,500/- shall be substituted by the figure
dqeqfnuh gktjk] funs'kd ` 5,000/-
KUMIDINI HAJRA, Director
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[ADVT. III/4/Exty./31/13]
1227 GI/2014 (1)
Printed by the Manager, Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.