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Corporate Laws Central Ministry of Finance Deposit Insurance and Credit Guarantee Corporation Act, 1961

Deposit Insurance and Credit Guarantee Corporation General (Amendment) Regulations, 2024

27-Jan-2025 | F.No. S2275/01.01.013/2024-25

DICGC has issued Deposit Insurance and Credit Guarantee Corporation General (Amendment) Regulations, 2024, effective from 1st February, 2025. By virtue of this amendment notification, the Remuneration of Directors and Members of Committees as specified in Regulation 17 has been revised as below- 1. For a Director nominated under Section 6(1)(d) or Section 6(1)(e)of the Act - The fee for each Board meeting which he attends has been revised from INR 10,000 to INR 50,000 and the fee for each Committee meeting which he attends has been revised from INR 5,000 to INR 25,000. (Regulation 17(i)) 2. The fee for Members of a Committee has been revised from INR 5,000 for each Committee meeting which they attend to INR 15,000.

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