Act Number: 28

Act Name: The Export-Import Bank of India Act, 1981

Year: 1981

Enactment Date: 1981-09-11

Long Title: 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.

Ministry: Ministry of Finance

Department: Department of Financial Services

Section 4: Authorised capital.
    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.
Notes:
1. Subs. by Act 11 of 2012, s. 2, for sub-section (1) (w.e.f. 1-2-2012).
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