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 3[Banking Regulation Act, 1949 (10 of 1949)], 4***