Act 28 of 1981

The Export-Import Bank of India Act, 1981

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 of Finance
  • Department of Financial Services
  • Enacted 1981-09-11
  • 41 sections
SectionTitle
1 Short title, extent and commencement. Read
2 Definitions. Read
3 Establishment and incorporation of Export-Import Bank of India. Read
4 Authorised capital. Read
5 Management. Read
6 Constitution of Board. Read
7 Committees. Read
8 Fees and allowances of directors and members of Committees. Read
9 Disqualifications. Read
10 Business of Exim Bank. Read
11 Loans by Central Government. Read
12 Borrowings and acceptance of deposits by Exim Bank. Read
13 Loans in foreign currency. Read
14 Grants, donations, etc., to Exim Bank. Read
15 Export Development Fund. Read
16 Credits to Export Development Fund. Read
17 Utilisation of Export Development Fund. Read
18 Debits to Export Development Fund. Read
19 Accounts and audit of Export Development Fund. Read
20 Liquidation of Export Development Fund. Read
21 General Fund. Read
22 Preparation of accounts and balance-sheet. Read
23 Disposal of Profits accruing to General Fund. Read
24 Audit. Read
25 Saving. Read
26 Transfer of part of business of Development Bank. Read
27 Staff of Exim Bank. Read
28 Delegation of powers. Read
29 Returns. Read
30 Obligation as to fidelity and secrecy. Read
31 Defects in appointments not to invalidate acts, etc. Read
32 Arrangement with Exim Bank on appointment of directors to prevail. Read
33 Indemnity of directors Read
34 Protection of action taken in good faith. Read
35 Act 18 of 1891 to apply in relation to Exim Bank. Read
36 Section 34A and section 36AD only of Act 10 of 1949 to apply to Exim Bank. Read
37 Omitted. Read
38 Liquidation of Exim Bank.Read
39 Power to make regulations.Read
40 REPEALED.Read
41 Power to remove difficulty.Read
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