The DEPOSIT INSURANCE AND CREDIT GUARANTEE CORPORATION ACT, 1961

REGISTRATION OF BANKING COMPANIES AND CO-OPERATIVE BANKS AS INSURED BANKS AND LIABILITY OF CORPORATION TO DEPOITORS

Section 11: Registration of new banking companies.

The Corporation shall register every new banking company as an insured bank as soon as may be after it is granted a licence under section 22 of the Banking Regulation Act, 1949 (10 of 1949), [Omitted]