Section List

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 NumberTitleActions
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 Borrowings 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 Utilisation 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
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 Omitted.
38Liquidation of Exim Bank.
39 Power to make regulations.
40REPEALED.
41Power to remove difficulty.
34Protection of action taken in good faith.
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