Laws and Bare Acts of India at MyNation.net

MyNation Foundation Online Law Library

Section 18 – The Export-Import Bank of India Act,1981

The Export-Import Bank of India Act,1981

18. Debits to Export Development Fund.

(1) To the Export Development Fund shall be debited-

(a) Such amounts as may from time to time be disbursed or spent under sub-section (1) of section 17;

(b) Such amounts as may be required for discharging the liabilities in respect of loans received for the purposes of that Fund;

(c) Any loss arising on account of investment made out of that Fund; and

(d) Such expenditure arising out of, or in connection with, the administration and application of the Fund as may be determined by the Board.

(2) No amount shall be debited to the Export Development Fund except as provided for in sub-section (1).

Previous | Next

The Export-Import Bank of India Act,1981

Indian Laws – Bare Acts

MyNation

Leave a Reply

Your email address will not be published. Required fields are marked *

Copyright © 2024 Laws and Bare Acts of India at MyNation.net
×

Free Legal Help, Just WhatsApp Away

MyNation HELP line

We are Not Lawyers, but No Lawyer will give you Advice like We do

Please read Group Rules – CLICK HERE, If You agree then Please Register CLICK HERE and after registration  JOIN WELCOME GROUP HERE

We handle Women Centric biased laws like False Section 498A IPC, Domestic Violence(DV ACT), Divorce, Maintenance, Alimony, Child Custody, HMA 24, 125 CrPc, 307, 312, 313, 323, 354, 376, 377, 406, 420, 497, 506, 509; TEP, RTI and many more…

MyNation FoundationMyNation FoundationMyNation Foundation