Section 41: Defects in appointments not to invalidate acts, etc. - (1) No act or proceeding of the Board or of any committee of the Corporation shall be questioned on the ground merely of the existence of any vacancy or defect in the constitution of the Board or Committee

Q: What does Section 41 of The Deposit Insurance and Credit Guarantee Corporation Act, 1961 (DICGC Act) deal with?

Section 41 DICGC Act pertains to "Defects in appointments not to invalidate acts, etc. - (1) No act or proceeding of the Board or of any committee of the Corporation shall be questioned on the ground merely of the existence of any vacancy or defect in the constitution of the Board or Committee". It is part of the The Deposit Insurance and Credit Guarantee Corporation Act, 1961, a legislation enacted by the Parliament of India. Section 41 of The Deposit Insurance and Credit Guarantee Corporation Act, 1961 (DICGC Act) governs defects in appointments not to invalidate acts, etc. - (1) No act or proceeding of the Board or of any committee of the Corporation shall be questioned on the ground merely of the existence of any vacancy or defect in the constitution of the Board or Committee. As verified on 19 May 2026.

Q: Is Section 41 DICGC Act still in force?

Yes, Section 41 of the The Deposit Insurance and Credit Guarantee Corporation Act, 1961 is currently in force across the Republic of India.

Q: What is धारा 41 DICGC Act?

धारा 41 DICGC Act is the Devanagari Hindi reference for Section 41 of the The Deposit Insurance and Credit Guarantee Corporation Act, 1961. Section 41 of The Deposit Insurance and Credit Guarantee Corporation Act, 1961 (DICGC Act) governs defects in appointments not to invalidate acts, etc. - (1) No act or proceeding of the Board or of any committee of the Corporation shall be questioned on the ground merely of the existence of any vacancy or defect in the constitution of the Board or Committee. As verified on 19 May 2026.

Q: What is Dhara 41 DICGC Act?

Dhara 41 DICGC Act is the Roman Hindi reference for Section 41 of the The Deposit Insurance and Credit Guarantee Corporation Act, 1961. "Dhara" means "Section" in Hindi. Section 41 of The Deposit Insurance and Credit Guarantee Corporation Act, 1961 (DICGC Act) governs defects in appointments not to invalidate acts, etc. - (1) No act or proceeding of the Board or of any committee of the Corporation shall be questioned on the ground merely of the existence of any vacancy or defect in the constitution of the Board or Committee. As verified on 19 May 2026.

Q: How to cite Section 41 of The Deposit Insurance and Credit Guarantee Corporation Act, 1961?

Cite as: "Section 41, The Deposit Insurance and Credit Guarantee Corporation Act, 1961 (DICGC Act)" in legal briefs. For academic writing, use the BlueBook format: The Deposit Insurance and Credit Guarantee Corporation Act, 1961, § 41 (India).

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(2)

No act done by any person acting in good faith as a director of the Board shall be deemed to be invalid merely on the ground that he was disqualified to be a director or that there was any other defect in his appointment.