1[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 2[fifty crores of rupees].
(2) The 3[issued capital] for the time being of the Corporation shall be fully paid-up and shall stand allotted to the Reserve Bank.]
(2) The 3[issued capital] for the time being of the Corporation shall be fully paid-up and shall stand allotted to the Reserve Bank.]
Source footnotes
1. Subs. by Act 56 of 1968, s. 4, for section 4 (w.e.f. 1-7-1971).2. Subs. by Act 1 of 1984, s. 57, for "fifteen crores" (w.e.f. 15-2-1984).
3. Subs. by Act 21 of 1978, s. 8, for "authorised capital" (w.e.f. 15-7-1978).
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More sections of this act
Section 1 · Short title, extent and commencement.Section 2 · Definition.Section 3 · Establishment and incorporation of Deposit Insurance Corporation.Section 5 · Management of Corporation.Section 6 · Board of directors.Section 7 · Meetings of Board.Section 8 · Committees of Corporation.Section 9 · Fees and allowances of directors.India Code, Government of India. Text fetched 22 Oct 2026. Source metadata reports last modification: 2019-11-29. Check the linked official text and subsequent notifications when applying a provision.