THE EXPORT-IMPORT BANK OF INDIA ACT, 1981

ACT NO. 28 OF 1981 · Enacted [11th September, 1981.] · 41 sections

PRELIMINARY

Section 1.Short title, extent and commencement.

Section 2.Definitions.

ESTABLISHMENT OF THE EXPORT-IMPORT BANK OF INDIA AND INCORPORATION THEREOF

Section 3.Establishment and incorporation of Export-Import Bank of India.

Section 4.Authorised capital.

MANGAEMENT OF THE EXIM BANK

Section 5.Management.

Section 6.Constitution of Board.

Section 7.Committees.

Section 8.Fees and allowances of directors and members of Committees.

Section 9.Disqualifications.

BUSINESS OF THE EXIM BANK

Section 10.Business of Exim Bank.

RESOURCES OF THE EXIM BANK

Section 11.Loans by Central Government.

Section 12.Borrowings and acceptance of deposits by Exim Bank.

Section 13.Loans in foreign currency.

Section 14.Grants, donations, etc., to Exim Bank.

EXPORT DEVELOPMENT FUND

Section 15.Export Development Fund.

Section 16.Credits to Export Development Fund.

Section 17.Utilisation of Export Development Fund.

Section 18.Debits to Export Development Fund.

Section 19.Accounts and audit of Export Development Fund.

Section 20.Liquidation of Export Development Fund.

GENERAL FUND, ACCOUNTS AND AUDIT

Section 21.General Fund.

Section 22.Preparation of accounts and balance-sheet.

Section 23.Disposal of Profits accruing to General Fund.

Section 24.Audit.

Section 25.Saving.

TRANSFER OF PART OF BUSINESS OF DEVELOPMENT BANK

Section 26.Transfer of part of business of Development Bank.

MISCELLANEOUS

Section 27.Staff of Exim Bank.

Section 28.Delegation of powers.

Section 29.Returns.

Section 30.Obligation as to fidelity and secrecy.

Section 31.Defects in appointments not to invalidate acts, etc.

Section 32.Arrangement with Exim Bank on appointment of directors to prevail.

Section 33.Indemnity of directors.

Section 34.Protection of action taken in good faith.

Section 35.Act 18 of 1891 to apply in relation to Exim Bank.

Section 36.Section 34A and section 36AD only of Act 10 of 1949 to apply to Exim Bank.

Section 37.[Omitted.]

Section 38.Liquidation of Exim Bank.

Section 39.Power to make regulations.

Section 40.[REPEALED.]

Section 41.Power to remove difficulty.