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Bare acts > Deposit Insurance Corporation (Amendment) Act, 1968 > Section 4


4. Substitution of new section for section 4.-For section 4 of the principal Act, the following section shall be substituted, namely:-

" 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 five crores of rupees.

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





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