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The Export-Import Bank of India Act, 1981

Central

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.

Act number
28 of 1981
Ministry
Ministry of Finance
Department
Department of Financial Services
Enacted
11 Sep 1981

Source: IndiaCode Portal, Legislative Department, Ministry of Law and Justice, Government of India. Open on India Code Check against the official text before relying on it.

41 sections

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