4. Capital of Corporation
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 [fifty crores of rupees].
(2)
The [issued capital] for the time being of the Corporation shall be fully paid-up and shall stand allotted to the Reserve Bank.
Amendment notes (3)
- Subs w.e.f. 1-7-1971 . Subs. by Act 56 of 1968, s. 4, for section 4 (w.e.f. 1-7-1971).
- Subs w.e.f. 15-2-1984 . Subs. by Act 1 of 1984, s. 57, for "fifteen crores" (w.e.f. 15-2-1984).
- Subs w.e.f. 15-7-1978 . Subs. by Act 21 of 1978, s. 8, for "authorised capital" (w.e.f. 15-7-1978).