Section 4
Authorised capital.
The Export-Import Bank of India Act, 1981
About this Act
An Act to establish a corporation to be known as the Export-Import Bank of India for providing financial assistance to exporters and importers, and for functioning as the principal financial institution for co-ordinating the working of institutions engaged in financing export and import of goods and services with a view to promoting the country s international trade and for matters connected therewith or incidental thereto.
1[(1) The authorised capital of the Exim Bank shall be ten thousand crores of
rupees:
Provided that the Central Government may, by notification, increase the said capital up to an amount that it may deem necessary from time to time.]
(2) The issued capital of the Exim Bank shall be wholly subscribed by the Central Government.
Provided that the Central Government may, by notification, increase the said capital up to an amount that it may deem necessary from time to time.]
(2) The issued capital of the Exim Bank shall be wholly subscribed by the Central Government.
Notes
1. Subs. by Act 11 of 2012, s. 2, for sub-section (1) (w.e.f. 1-2-2012).