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The Export-Import Bank of India Act,1981

The Export-Import Bank of India Act,1981

CONTENTS

Sections

Particulars

1. Short title, extent and commencement.
2. Definitions.
3. Establishment and incorporation of Export-Import Bank of India.
4. Authorised capital.
5. Management.
6. Constitution of Board.
7. Committees.
8. Fees and allowances of directors and members of Committees.
9. Disqualifications.
10. Business of Exim Bank.
11. Loans by Central Government.
12. Borrowing and acceptance of deposits by Exim Bank.
13. Loans in foreign currency.
14. Grants, donations, etc., to Exim Bank.
15. Export Development Fund.
16. Credits to Export Development Fund.
17. Utilization of Export Development Fund.
18. Debits to Export Development Fund.
19. Accounts and audit of Export Development Fund.
20. Liquidation of Export Development Fund.
21. General Fund.
22. Preparation of accounts and balance sheet.
23. Disposal of profits accruing to General Fund.
24. Audit.
25. Saving.
26. Transfer of part of business of Development Bank.
27. Staff of Exim Bank.
28. Delegation of powers.
29. Returns.
30. Obligation as to fidelity and secrecy.
31. Defects in appointments not to invalidate acts, etc.,
32. Arrangement with Exim Bank on appointment of directors to prevail.
33. Indemnity of directors.
34. Protection of action taken in good faith.
35. Act 18 of 1891 to apply in relation to Exim Bank.
36. Section 34A and section 36AD only of Act 10 of 1949 to apply to Exim Bank.
37. Act 43 of 1961 and Act 7 of 1964 not to apply to Exim Bank.
38. Liquidation of Exim Bank.
39. Power to make regulations.
40. Amendment of certain enactments.
41. Power to remove difficulty.
42. First Schedule

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