¼ããÀ¦ã ÔãÀ‡ãŠãÀ ãäÌããä£ã ‚ããõÀ ¶¾ãã¾ã ½ãâ¨ããÊã¾ã · PDF fileLoans by Central Government. 12. Borrowings and acceptance of deposits by Exim

¼ããÀ¦ã ÔãÀ‡ãŠãÀãäÌããä£ã ‚ããõÀ ¶¾ãã¾ã ½ãâ¨ããÊã¾ã

GOVERNMENT OF INDIAMINISTRY OF LAW AND JUSTICE

© ¼ããÀ¦ã ÔãÀ‡ãŠãÀ

ãäÌããä£ã ‚ããõÀ ¶¾ãã¾ã ½ãâ¨ããÊã¾ã

ÔãâÍããñ£ã¶ã‡ãŠãÀãè ‚ããä£ããä¶ã¾ã½ããò ‡ãŠãè ÔãîÞããè

1. ºãö‡ãŠ‡ãŠãÀãè ãäÌããä£ã (ÔãâÍããñ£ã¶ã) ‚ããä£ããä¶ã¾ã½ã, 1985 (1985 ‡ãŠã ÔãâŒ¾ããâ‡ãŠ 81)

2. ºãö‡ãŠ‡ãŠãÀãè, Êããñ‡ãŠ ãäÌã§ããè¾ã ÔãâÔ©ãã ‚ããõÀ ¹ãÀ‰ãŠã½¾ã ãäÊãŒã¦ã ãäÌããä£ã (ÔãâÍããñ£ã¶ã) ‚ããä£ããä¶ã¾ã½ã, 1988

(1988 ‡ãŠã ÔãâŒ¾ããâ‡ãŠ 66)

3. ãä¶ãÀÔã¶ã ‚ããõÀ ÔãâÍããñ£ã¶ã ‚ããä£ããä¶ã¾ã½ã, 1988 (1988 ‡ãŠã ÔãâŒ¾ããâ‡ãŠ 19)

4. ¼ããÀ¦ããè¾ã ãä¶ã¾ããÃ¦ã-‚ãã¾ãã¦ã ºãö‡ãŠ (ÔãâÍããñ£ã¶ã) ‚ããä£ããä¶ã¾ã½ã, 1998 (1999 ‡ãŠã ÔãâŒ¾ããâ‡ãŠ 1)

5. ãäÌã§ã ‚ããä£ããä¶ã¾ã½ã, 1998 (1998 ‡ãŠã ÔãâŒ¾ããâ‡ãŠ 21)

6. ¹ãÆ¦¾ã¾ã ãäÌãÓã¾ã‡ãŠ •ãã¶ã‡ãŠãÀãè ‡ãâŠ¹ã¶ããè (ãäÌããä¶ã¾ã½ã) ‚ããä£ããä¶ã¾ã½ã, 2005 (2005 ‡ãŠã ÔãâŒ¾ããâ‡ãŠ 30)

7. ºãö‡ãŠ‡ãŠãÀãè ‡ãâŠ¹ã¶ããè („¹ã‰ãŠ½ããò ‡ãŠã ‚ã•ãÃ¶ã ‚ããõÀ ‚ãâ¦ãÀ¥ã) ¦ã©ãã ãäÌã§ããè¾ã ÔãâÔ©ãã ãäÌããä£ã (ÔãâÍããñ£ã¶ã)

‚ããä£ããä¶ã¾ã½ã, 2006 (2006 ‡ãŠã ÔãâŒ¾ããâ‡ãŠ 45)

8. ¼ããÀ¦ããè¾ã ãä¶ã¾ããÃ¦ã-‚ãã¾ãã¦ã ºãö‡ãŠ (ÔãâÍããñ£ã¶ã) ‚ããä£ããä¶ã¾ã½ã 2011 (2012 ‡ãŠã ÔãâŒ¾ããâ‡ãŠ 11)

© GOVERNMENT OF INDIAMINISTRY OF LAW AND JUSTICE

LIST OF AMENDING ACTS.

1. THE BANKING LAWS (AMENDMENT) ACT, 1985 (81 OF 1985).2. THE BANKING, PUBLIC FINANCIAL INSTITUTIONS AND NEGOTIABLE

INSTRUMENTS LAWS (AMENDMENT) ACT, 1988 (66 OF 1988).3. THE REPEALING AND AMENDING ACT, 1988 (19 OF 1988).4. THE EXPORT-IMPORT BANK OF INDIA (AMENDMENT) ACT, 1998 (1 OF 1999).5. THE FINANCE ACT, 1998 (21 OF 1998).6. CREDIT INFORMATION COMPANIES (REGULATION) ACT, 2005 (30 OF 2005).7. BANKING COMPANIES (ACQUISITION & TRANSFER OF UNDERTAKING)

AND FINANCIAL INSTITUTIONS LAWS (AMENDMENT) ACT, 2006 (45 OF 2006).8. EXPORT-IMPORT BANK OF INDIA (AMENDMENT) ACT, 2011 (11 OF 2012).

DeÒewue 1, 2012April 1, 2012

¼ããÀ¦ããè¾ã ãä¶ã¾ããÃ¦ã-‚ãã¾ãã¦ã ºãö‡ãŠ‚ããä£ããä¶ã¾ã½ã, 1981

(1981 ‡ãŠã ÔãâŒ¾ããâ‡ãŠ 28)

The Export-Import Bank of India Act, 1981(No. 28 OF 1981)

¼ããÀ¦ã ÔãÀ‡ãŠãÀãäÌããä£ã ‚ããõÀ ¶¾ãã¾ã ½ãâ¨ããÊã¾ã

GOVERNMENT OF INDIAMINISTRY OF LAW AND JUSTICE

The Export-Import Bank of India Act, 1981 (No. 28 of 1981)

THE EXPORT-IMPORT BANK OF INDIA ACT, 1981ARRANGEMENT OF SECTIONS

Sections

CHAPTER I Preliminary1. Short title, extent and commencement.2. Definitions.

CHAPTER II Establishment of the Export-Import Bank of India and Incorporation thereof3. Establishment and incorporation of Export-Import Bank of India.4. Authorised capital.

CHAPTER III Management of the Exim Bank5. Management.6. Constitution of Board.7. Committees.8. Fees and allowances of directors and members of Committees.9. Disqualifications.

CHAPTER IV Business of the Exim Bank10. Business of Exim Bank.

CHAPTER V Resources of the Exim Bank11. 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.

CHAPTER VI Export Development Fund15. 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.

i

¼ããÀ¦ããè¾ã ãä¶ã¾ããÃ¦ã-‚ãã¾ãã¦ã ºãö‡ãŠ ‚ããä£ããä¶ã¾ã½ã, 1981 (1981 ‡ãŠã ‚ããä£ããä¶ã¾ã½ã ÔãâŒ¾ããâ‡ãŠ 28)

‚ã£¾ãã¾ã I

¼ããÀ¦ããè¾ã ãä¶ã¾ããÃ¦ã-‚ãã¾ãã¦ã ºãö‡ãŠ ‚ããä£ããä¶ã¾ã½ã, 1981£ããÀã‚ããò ‡ãŠãè ‰ãŠ½ãºãªá£ã¦ãã

£ããÀã†ú

¹ãÆãÀãä½¼ã‡ãŠ

1. Ôãâãäàã¹¦ã ¶ãã½ã, ãäÌãÔ¦ããÀ ‚ããõÀ ¹ãÆãÀâ¼ãý

2. ¹ããäÀ¼ããÓãã†úý

¼ããÀ¦ããè¾ã ãä¶ã¾ããÃ¦ã-‚ãã¾ãã¦ã ºãö‡ãŠ ‡ãŠãè Ô©ãã¹ã¶ãã ‚ããõÀ „Ôã‡ãŠã ãä¶ãØã½ã¶ã

3. ¼ããÀ¦ããè¾ã ãä¶ã¾ããÃ¦ã-‚ãã¾ãã¦ã ºãö‡ãŠ ‡ãŠãè Ô©ãã¹ã¶ãã ‚ããõÀ „Ôã‡ãŠã ãä¶ãØã½ã¶ãý

4. ¹ãÆããä£ã‡ãðŠ¦ã ¹ãîú•ããèý

†ãä‡ã‹û•ã½ã ºãö‡ãŠ ‡ãŠã ¹ãÆºã¶£ã

5. ¹ãÆºã¶£ãý

6. ºããñ¡Ã ‡ãŠã ØãŸ¶ãý

7. Ôããä½ããä¦ã¾ããúý

8. ãä¶ãªñÍã‡ãŠãò ‚ããõÀ Ôããä½ããä¦ã¾ããò ‡ãñŠ ÔãªÔ¾ããò ‡ãŠãè ¹ãŠãèÔãò ‚ããõÀ ¼ã§ãñý

9. ãä¶ãÀÖÃ¦ããý

†ãä‡ã‹û•ã½ã ºãö‡ãŠ ‡ãŠã ‡ãŠãÀºããÀ

10. †ãä‡ã‹û•ã½ã ºãö‡ãŠ ‡ãŠã ‡ãŠãÀºããÀý

†ãä‡ã‹û•ã½ã ºãö‡ãŠ ‡ãñŠ Ôãã£ã¶ã

11. ‡ãñŠ¶³ãè¾ã ÔãÀ‡ãŠãÀ ´ãÀã „£ããÀ ãäª¾ãã •ãã¶ããý

12. †ãä‡ã‹û•ã½ã ºãö‡ãŠ ´ãÀã „£ããÀ ãäÊã¾ãã •ãã¶ãã ‚ããõÀ ãä¶ãàãñ¹ããò ‡ãŠã ¹ãÆãä¦ãØãÆÖ¥ãý

13. ãäÌãªñÍããè ‡ãŠÀòÔããè ‡ãŠã „£ããÀý

14. †ãä‡ã‹û•ã½ã ºãö‡ãŠ ‡ãŠãñ ‚ã¶ãìªã¶ã, Ôãâªã¶ã ‚ãããäªý

ãä¶ã¾ããÃ¦ã ãäÌã‡ãŠãÔã ãä¶ããä£ã

15. ãä¶ã¾ããÃ¦ã ãäÌã‡ãŠãÔã ãä¶ããä£ãý

16. ãä¶ã¾ããÃ¦ã ãäÌã‡ãŠãÔã ãä¶ããä£ã ½ãò •ã½ãã ãä‡ãŠ¾ãã •ãã¶ããý

17. ãä¶ã¾ããÃ¦ã ãäÌã‡ãŠãÔã ãä¶ããä£ã ‡ãŠã „¹ã¾ããñØãý

18. ãä¶ã¾ããÃ¦ã ãäÌã‡ãŠãÔã ãä¶ããä£ã ‡ãñŠ ¹ãÆãä¦ã ãäÌã‡ãŠÊã¶ãý

19. ãä¶ã¾ããÃ¦ã ãäÌã‡ãŠãÔã ãä¶ããä£ã ‡ãŠã ÊãñŒãã ‚ããõÀ ÊãñŒãã ¹ãÀãèàããý

20. ãä¶ã¾ããÃ¦ã ãäÌã‡ãŠãÔã ãä¶ããä£ã ‡ãŠã Ôã½ãã¹ã¶ãý

‚ã£¾ãã¾ã II

‚ã£¾ãã¾ã III

‚ã£¾ãã¾ã IV

‚ã£¾ãã¾ã V

‚ã£¾ãã¾ã VI

i


CHAPTER VII General Fund, Accounts and Audit21. General Fund.22. Preparation of accounts and balance sheet.23. Disposal of profits accruing to General Fund.24. Audit.25. Saving.

CHAPTER VIII Transfer of Part of Business of Development Bank26. Transfer of part of business of Development Bank.

CHAPTER IX Miscellaneous27. 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.34. Protection of action taken in good faith.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]38. Liquidation of Exim Bank.39. Power to make regulations.40. [Repealed]41. Power to remove difficulty.

THE FIRST SCHEDULE.

THE SECOND SCHEDULE [REPEALED]

ii

Ôãã£ããÀ¥ã ãä¶ããä£ã, ÊãñŒãã ‚ããõÀ ÊãñŒãã¹ãÀãèàãã

21. Ôãã£ããÀ¥ã ãä¶ããä£ãý

22. ÊãñŒãã ‚ããõÀ ¦ãìÊã¶ã¹ã¨ã ¦ãõ¾ããÀ ‡ãŠÀ¶ããý

23. Ôãã£ããÀ¥ã ãä¶ããä£ã ‡ãŠãñ ¹ãÆãñªá¼ãî¦ã Öãñ¶ãñ ÌããÊãñ Êãã¼ããò ‡ãŠã Ì¾ã¾ã¶ãý

24. ÊãñŒãã¹ãÀãèàããý

25. Ì¾ããÌãðãä§ãý

ãäÌã‡ãŠãÔã ºãö‡ãŠ ‡ãñŠ ‡ãŠãÀºããÀ ‡ãñŠ ¼ããØã ‡ãŠã ‚ã¶¦ãÀ¥ã

26. ãäÌã‡ãŠãÔã ºãö‡ãŠ ‡ãñŠ ‡ãŠãÀºããÀ ‡ãñŠ ¼ããØã ‡ãŠã ‚ã¶¦ãÀ¥ãý

¹ãÆ‡ãŠãè¥ãÃ

27. †ãä‡ã‹û•ã½ã ºãö‡ãŠ ‡ãñŠ ‡ãŠ½ãÃÞããÀãèÌãð¶ªý

28. Íããä‡ã‹¦ã¾ããò ‡ãŠã ¹ãÆ¦¾ãã¾ããñ•ã¶ãý

29. ãäÌãÌãÀãä¥ã¾ããúý

30. ãäÌãÍÌãÔã¶ããè¾ã¦ãã ‚ããõÀ Øããñ¹ã¶ããè¾ã¦ãã ‡ãŠãè ºããºã¦ã ºãã£¾ã¦ããý

31. ãä¶ã¾ãìãä‡ã‹¦ã¾ããò ½ãò ¨ãìãä›¾ããò ‡ãñŠ ‡ãŠãÀ¥ã ‡ãŠã¾ãÃ ‚ãããäª ‡ãŠã ‚ããäÌããä£ã½ãã¶¾ã ¶ã Öãñ¶ããý

32. ãä¶ãªñÍã‡ãŠãò ‡ãŠãè ãä¶ã¾ãìãä‡ã‹¦ã ‡ãñŠ ãäÌãÓã¾ã ½ãò †ãä‡ã‹û•ã½ã ºãö‡ãŠ ‡ãñŠ Ôãã©ã ŸÖÀãÌã ‡ãŠã ‚ã£¾ããÀãñÖãè Öãñ¶ããý

33. ãä¶ãªñÍã‡ãŠãò ‡ãŠãè àããä¦ã¹ãîãä¦ãÃý

34. Ôãªá¼ããÌã¹ãîÌãÃ‡ãŠ ‡ãŠãè ØãƒÃ ‡ãŠãÀÃÌããƒÃ ‡ãñŠ ãäÊã† ÔãâÀàã¥ãý

35. 1891 ‡ãñŠ ‚ããä£ããä¶ã¾ã½ã ÔãâŒ¾ããâ‡ãŠ 18 ‡ãŠã †ãä‡ã‹û•ã½ã ºãö‡ãŠ ‡ãñŠ Ôãâºãâ£ã ½ãò ÊããØãî Öãñ¶ããý

36. 1949 ‡ãñŠ ‚ããä£ããä¶ã¾ã½ã ÔãâŒ¾ããâ‡ãŠ 10 ‡ãŠãè £ããÀã 34 ‡ãŠ ‚ããõÀ £ããÀã 36 ‡ãŠ Üã Öãè †ãä‡ã‹û•ã½ã ºãö‡ãŠ ‡ãŠãñ ÊããØãî ÖãñØããèý

37. [Ö›ã ãäª¾ãã Øã¾ãã]

38. †ãä‡ã‹û•ã½ã ºãö‡ãŠ ‡ãŠã Ôã½ãã¹ã¶ãý

39. ãäÌããä¶ã¾ã½ã ºã¶ãã¶ãñ ‡ãŠãè Íããä‡ã‹¦ãý

40. [ãä¶ãÀÔ¦ã]

41. ‡ãŠãäŸ¶ããƒÃ ªîÀ ‡ãŠÀ¶ãñ ‡ãŠãè Íããä‡ã‹¦ãý

¹ãÖÊããè ‚ã¶ãìÔãîÞããè ý

ªîÔãÀãè ‚ã¶ãìÔãîÞããè [ãä¶ãÀÔ¦ã]

‚ã£¾ãã¾ã VII

‚ã£¾ãã¾ã VIII

‚ã£¾ãã¾ã IX


ii


THE EXPORT-IMPORT BANK OF INDIA ACT, 1981(No.28 of 1981)

[11th September, 1981]

An Act to establish a corporation to be known as the Export-Import Bank of Indiafor providing financial assistance to exporters and importers, and for functioning asthe principal financial institution for co-ordinating the working of institutionsengaged in financing export and import of goods and services with a view topromoting the country’s international trade and for matters connected therewith orincidental thereto.

BE it enacted by Parliament in the Thirty-second Year of the Republic of India asfollows:—

CHAPTER I Preliminary

Short title, extent and 1. (1) This Act may be called the Export-Import Bank of India Act, 1981.commencement.

(2) It extends to the whole of India.

(3) It shall come into force on such date as the Central Government may, bynotification in the Official Gazette, appoint, and different dates may be appointedfor different provisions of this Act.

Definitions. 2. In this Act, unless the context otherwise requires, -

(a) “Board” means the Board of Directors of the Exim Bank referred to insection 6;

(b) “Development Bank” means the Industrial Development Bank of India establishedunder the Industrial Development Bank of India Act, 1964;

(c) “Exim Bank” means the Export-Import Bank of India established under section 3;

(d) “export” and “import” mean, respectively, export from or import into India or anyother country of goods or services, or both;

(e) “goods” includes all materials, commodities and articles in a solid, liquid orgaseous state and all forms of energy;

(f) “notification” means a notification published in the Official Gazette;

(g) “prescribed” means prescribed by regulations made under this Act;

1

18 of 1964.


¼ããÀ¦ããè¾ã ãä¶ã¾ããÃ¦ã-‚ãã¾ãã¦ã ºãö‡ãŠ ‚ããä£ããä¶ã¾ã½ã , 1981

(1981 ‡ãŠã ‚ããä£ããä¶ã¾ã½ã ÔãâŒ¾ããâ‡ãŠ 28)

[11 ãäÔã¦ã½ºãÀ, 1981]

ªñÍã ‡ãñŠ ‚ã¶¦ãÀÀãÓ›Èãè¾ã Ì¾ãã¹ããÀ ‡ãñŠ ÔãâÌã£ãÃ¶ã ‡ãŠãè ÒãäÓ› Ôãñ ãä¶ã¾ããÃ¦ã‡ãŠ¦ããÃ‚ããò ‚ããõÀ ‚ãã¾ãã¦ã‡ãŠ¦ããÃ‚ããò ‡ãŠãñ ãäÌã§ããè¾ã ÔãÖã¾ã¦ããªñ¶ãñ ‡ãñŠ ãäÊã† ¦ã©ãã ½ããÊã ‚ããõÀ ÔãñÌãã‚ããò ‡ãñŠ ãä¶ã¾ããÃ¦ã ‚ããõÀ ‚ãã¾ãã¦ã ‡ãñŠ ãäÌã§ã¹ããñÓã¥ã ½ãò ÊãØããè ÔãâÔ©ãã‚ããò ‡ãñŠ ‡ãŠã¾ãÃ‡ãŠÀ¥ã ‡ãŠãÔã½ã¶Ìã¾ã ‡ãŠÀ¶ãñ ‡ãñŠ ãäÊã† ¹ãÆ£ãã¶ã ãäÌã§ããè¾ã ÔãâÔ©ãã ‡ãñŠ Â¹ã ½ãò ‡ãŠã¾ãÃ ‡ãŠÀ¶ãñ ‡ãñŠ ãäÊã† ‚ããõÀ „¶ãÔãñ Ôã½ºã® ¦ã©ãã „¶ã‡ãñŠ‚ãã¶ãìÓãâãäØã‡ãŠ ãäÌãÓã¾ããò ‡ãñŠ ãäÊã† †‡ãŠ ãä¶ãØã½ã ‡ãŠãè •ããñ ¼ããÀ¦ããè¾ã ãä¶ã¾ããÃ¦ã-‚ãã¾ãã¦ã ºãö‡ãŠ ‡ãñŠ ¶ãã½ã Ôãñ —ãã¦ã ÖãñØãã, Ô©ãã¹ã¶ãã‡ãŠÀ¶ãñ ‡ãñŠ ãäÊã† ‚ããä£ããä¶ã¾ã½ã ý

¼ããÀ¦ã Øã¥ãÀã•¾ã ‡ãñŠ ºã§ããèÔãÌãò ÌãÓãÃ ½ãò ÔãâÔãª ´ãÀã ãä¶ã½¶ããäÊããäŒã¦ã Â¹ã ½ãò ¾ãÖ ‚ããä£ããä¶ã¾ããä½ã¦ã Öãñ :-

¹ãÆãÀãä½¼ã‡ãŠ

1. (1) ƒÔã ‚ããä£ããä¶ã¾ã½ã ‡ãŠã Ôãâãäàã¹¦ã ¶ãã½ã ¼ããÀ¦ããè¾ã ãä¶ã¾ããÃ¦ã-‚ãã¾ãã¦ã ºãö‡ãŠ ‚ããä£ããä¶ã¾ã½ã, 1981 Öõý

(2) ƒÔã‡ãŠã ãäÌãÔ¦ããÀ Ôãâ¹ãî¥ãÃ ¼ããÀ¦ã ¹ãÀ Öõý

(3) ¾ãÖ „Ôã ¦ããÀãèŒã ‡ãŠãñ ¹ãÆÌãð§ã ÖãñØãã •ããñ ‡ãñŠ¶³ãè¾ã ÔãÀ‡ãŠãÀ, Àã•ã¹ã¨ã ½ãò ‚ããä£ãÔãîÞã¶ãã ́ ãÀã, ãä¶ã¾ã¦ã ‡ãŠÀñ ‚ããõÀ ƒÔã ‚ããä£ããä¶ã¾ã½ã‡ãñŠ ãäÌããä¼ã¸ã „¹ãºãâ£ããò ‡ãñŠ ãäÊã† ãä¼ã¸ã-ãä¼ã¸ã ¦ããÀãèŒãò ãä¶ã¾ã¦ã ‡ãŠãè •ãã Ôã‡ãòŠØããèý

2. ƒÔã ‚ããä£ããä¶ã¾ã½ã ½ãò, •ãºã ¦ã‡ãŠ ãä‡ãŠ Ôãâª¼ãÃ Ôãñ ‚ã¶¾ã©ãã ‚ã¹ãñãäàã¦ã ¶ã Öãñ,

(‡ãŠ) ``ºããñ¡Ã'' Ôãñ £ããÀã 6 ½ãò ãä¶ããäªÃÓ›, †ãä‡ã‹û•ã½ã ºãö‡ãŠ ‡ãŠã ãä¶ãªñÍã‡ãŠ ºããñ¡Ã ‚ããä¼ã¹ãÆñ¦ã Öõ ;

(Œã) ``ãäÌã‡ãŠãÔã ºãö‡ãŠ'' Ôãñ ¼ããÀ¦ããè¾ã ‚ããõ²ããñãäØã‡ãŠ ãäÌã‡ãŠãÔã ºãö‡ãŠ ‚ããä£ããä¶ã¾ã½ã, 1964 ‡ãñŠ ‚ã£ããè¶ã Ô©ãããä¹ã¦ã ¼ããÀ¦ããè¾ã ‚ããõ²ããñãäØã‡ãŠãäÌã‡ãŠãÔã ºãö‡ãŠ ‚ããä¼ã¹ãÆñ¦ã Öõ ;

(Øã) ``†ãä‡ã‹û•ã½ã ºãö‡ãŠ'' Ôãñ £ããÀã 3 ‡ãñŠ ‚ã£ããè¶ã Ô©ãããä¹ã¦ã ¼ããÀ¦ããè¾ã ãä¶ã¾ããÃ¦ã-‚ãã¾ãã¦ã ºãö‡ãŠ ‚ããä¼ã¹ãÆñ¦ã Öõ ;

(Üã) ``ãä¶ã¾ããÃ¦ã'' ‚ããõÀ ''‚ãã¾ãã¦ã'' Ôãñ ½ããÊã ¾ãã ÔãñÌãã‚ããò ‡ãŠã ¾ãã ªãñ¶ããò ‡ãŠã, ¼ããÀ¦ã ¾ãã ãä‡ãŠÔããè ‚ã¶¾ã ªñÍã Ôãñ ‰ãŠ½ãÍã: ãä¶ã¾ããÃ¦ã¾ãã „Ôã½ãò ‚ãã¾ãã¦ã ‚ããä¼ã¹ãÆñ¦ã Öõ ;

(Ý) ``½ããÊã'' ‡ãñŠ ‚ã¶¦ãØãÃ¦ã ŸãñÔã, ³Ìã ¾ãã ØãõÔããè¾ã ‚ãÌãÔ©ãã ½ãò Ôãºã ¹ãªã©ãÃ ÌãÔ¦ãì†â ‚ããõÀ Þããè•ãò ¦ã©ãã …•ããÃ ‡ãñŠ Ôãºã Â¹ã ¼ããè Öö;

(Þã) ``‚ããä£ãÔãîÞã¶ãã'' Ôãñ Àã•ã¹ã¨ã ½ãò ¹ãÆ‡ãŠããäÍã¦ã ‚ããä£ãÔãîÞã¶ãã ‚ããä¼ã¹ãÆñ¦ã Öõ ;

(œ) ``ãäÌããäÖ¦ã'' Ôãñ ƒÔã ‚ããä£ããä¶ã¾ã½ã ‡ãñŠ ‚ã£ããè¶ã ºã¶ãã† Øã† ãäÌããä¶ã¾ã½ããò ´ãÀã ãäÌããäÖ¦ã ‚ããä¼ã¹ãÆñ¦ã Öõ ;

‚ã£¾ãã¾ã I

Ôãâãäàã¹¦ã ¶ãã½ã, ãäÌãÔ¦ããÀ ‚ããõÀ ¹ãÆãÀâ¼ãý

¹ããäÀ¼ããÓãã†âý

1964 ‡ãŠã 18

1


(h) “Reserve Bank” means the Reserve Bank of India constituted under the Reserve2 of 1934. Bank of India Act, 1934;

(i) “scheduled bank” means a bank, for the time being, included in the Second2 of 1934. Schedule to the Reserve Bank of India Act, 1934;

(j) “services” includes,—

(I) providing personnel (including skilled or unskilled workmen and persons forrendering technical or other services) for the purposes of any work or project(by whatever name called) or any activity;

(II) transferring of technology, including transferring, or securing the transfer ofrights, knowhow, expertises or other skill with respect to any patent,invention, model, design, secret formula or process or similar property;

(III) furnishing any information, blueprints, plans, or advice with respect to anymatter; and

(IV) making available any other resources.

CHAPTER II Establishment of the Export-Import Bank of India and incorporation thereof

Establishment and incor- 3. (1) With effect from such date as the Central Government may, by notification,poration of Export-Import appoint, there shall be established for the purposes of this Act, a corporation

Bank of India. to be known as the Export-Import Bank of India.

(2) The Exim Bank shall be a body corporate with the name aforesaid having perpetualsuccession and a common seal with power, subject to the provisions of this Act,to acquire, hold and dispose of property and to contract, and may, by that name,sue or be sued.

(3) The head office of the Exim Bank shall be at Bombay or at such other place as theCentral Government may, by notification, specify.

(4) The Exim Bank may establish offices, branches or agencies at such places in oroutside India as it may consider necessary.

Authorised capital. 4. (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 saidcapital 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 CentralGovernment.

2


(•ã) ``ãäÀû•ãÌãÃ ºãö‡ãŠ'' Ôãñ ¼ããÀ¦ããè¾ã ãäÀû•ãÌãÃ ºãö‡ãŠ ‚ããä£ããä¶ã¾ã½ã, 1934 ‡ãñŠ ‚ã£ããè¶ã Ô©ãããä¹ã¦ã ¼ããÀ¦ããè¾ã ãäÀû•ãÌãÃ ºãö‡ãŠ ‚ããä¼ã¹ãÆñ¦ã Öõ;

(¢ã) ``‚ã¶ãìÔãîãäÞã¦ã ºãö‡ãŠ'' Ôãñ ¼ããÀ¦ããè¾ã ãäÀû•ãÌãÃ ºãö‡ãŠ ‚ããä£ããä¶ã¾ã½ã, 1934 ‡ãŠãè ãä´¦ããè¾ã ‚ã¶ãìÔãîÞããè ½ãò ¦ã¦Ôã½ã¾ã Ôããä½½ããäÊã¦ã ‡ãŠãñƒÃºãö‡ãŠ ‚ããä¼ã¹ãÆñ¦ã Öõ ;

(šã) ``ÔãñÌãã'' ‡ãñŠ ‚ã¶¦ãØãÃ¦ã ãä¶ã½¶ããäÊããäŒã¦ã Öö :-

(I) ãä‡ãŠÔããè ‡ãŠã¾ãÃ ¾ãã ¹ããäÀ¾ããñ•ã¶ãã (ÞããÖñ ÌãÖ ãä‡ãŠÔããè ¼ããè ¶ãã½ã Ôãñ —ãã¦ã Öãñ) ¾ãã ãä‡ãŠÔããè ãä‰ãŠ¾ãã‡ãŠÊãã¹ã ‡ãñŠ ¹ãÆ¾ããñ•ã¶ããò ‡ãñŠãäÊã† ‡ãŠããä½ãÃ‡ãŠãò (ãä•ãÔã‡ãñŠ ‚ã¶¦ãØãÃ¦ã ‡ãìŠÍãÊã ¾ãã ‚ã‡ãìŠÍãÊã ‡ãŠ½ãÃ‡ãŠãÀ ¦ã©ãã ¦ã‡ãŠ¶ããè‡ãŠãè ¾ãã ‚ã¶¾ã ÔãñÌãã†â ‡ãŠÀ¶ãñ ÌããÊãñÌ¾ããä‡ã‹¦ã ¼ããè Öö) ‡ãŠã ¹ãÆºã¶£ã ‡ãŠÀ¶ãã ;

(II) ¹ãÆãõ²ããñãäØã‡ãŠãè ‡ãŠã ‚ã¶¦ãÀ¥ã ‡ãŠÀ¶ãã, ãä•ãÔã‡ãñŠ ‚ã¶¦ãØãÃ¦ã ãä‡ãŠÔããè ¹ãñ›ñ¶›, ‚ãããäÌãÓ‡ãŠãÀ, ½ããù¡Êã, ãä¡û•ããƒ¶ã, Øãì¹¦ã Ôãî¨ã¾ãã ¹ãÆÔãâÔ‡ãŠÀ¥ã ¾ãã Ôã½ãÂ¹ã Ôãâ¹ããä§ã ‡ãŠãè ºããºã¦ã ‚ããä£ã‡ãŠãÀãò, Ì¾ãÌãÖãÀ-—ãã¶ã, ãäÌãÍãñÓã—ã¦ãã ¾ãã ‚ã¶¾ã ‡ãŠãõÍãÊã ‡ãŠã‚ã¶¦ãÀ¥ã ‡ãŠÀã¶ãã ¼ããè Öõ ;

(III) ãä‡ãŠÔããè ãäÌãÓã¾ã ‡ãŠãè ºããºã¦ã ‡ãŠãñƒÃ •ãã¶ã‡ãŠãÀãè, ºÊãî ãä¹ãÆ¶›, ¾ããñ•ã¶ãã†â ¾ãã ÔãÊããÖ ªñ¶ãã ; ‚ããõÀ

(IV) ‡ãŠãñƒÃ ‚ã¶¾ã Ôãã£ã¶ã „¹ãÊãº£ã ‡ãŠÀã¶ããý

¼ããÀ¦ããè¾ã ãä¶ã¾ããÃ¦ã-‚ãã¾ãã¦ã ºãö‡ãŠ ‡ãŠãè Ô©ãã¹ã¶ãã ‚ããõÀ „Ôã‡ãŠã ãä¶ãØã½ã¶ã

3. (1) †ñÔããè ¦ããÀãèŒã Ôãñ, ãä•ãÔãñ ‡ãñŠ¶³ãè¾ã ÔãÀ‡ãŠãÀ, ‚ããä£ãÔãîÞã¶ãã ́ ãÀã, ãä¶ã¾ã¦ã ‡ãŠÀñ, ƒÔã ‚ããä£ããä¶ã¾ã½ã ‡ãñŠ ¹ãÆ¾ããñ•ã¶ããò ‡ãñŠ ãäÊã† †‡ãŠãä¶ãØã½ã ‡ãŠãè Ô©ãã¹ã¶ãã ‡ãŠãè •ãã†Øããè •ããñ ¼ããÀ¦ããè¾ã ãä¶ã¾ããÃ¦ã-‚ãã¾ãã¦ã ºãö‡ãŠ ‡ãñŠ ¶ãã½ã Ôãñ —ãã¦ã ÖãñØããý

(2) †ãä‡ã‹û•ã½ã ºãö‡ãŠ ÍããÍÌã¦ã „§ãÀããä£ã‡ãŠãÀ ‚ããõÀ Ôãã½ãã¶¾ã ½ãì³ã ÌããÊãã ¹ãîÌããó‡ã‹¦ã ¶ãã½ã ‡ãŠã †‡ãŠ ãä¶ãØããä½ã¦ã ãä¶ã‡ãŠã¾ã ÖãñØãã ‚ããõÀ ƒÔã‚ããä£ããä¶ã¾ã½ã ‡ãñŠ „¹ãºã¶£ããò ‡ãñŠ ‚ã£ããè¶ã ÀÖ¦ãñ Öì† „Ôãñ Ôãâ¹ããä§ã ‡ãŠã ‚ã•ãÃ¶ã, £ããÀ¥ã ‚ããõÀ Ì¾ã¾ã¶ã ‡ãŠÀ¶ãñ ‡ãŠãè ¦ã©ãã ÔãâãäÌãªã ‡ãŠÀ¶ãñ‡ãŠãè Íããä‡ã‹¦ã ÖãñØããè ‚ããõÀ „Ôã ¶ãã½ã Ôãñ ÌãÖ Ìããª Êãã Ôã‡ãñŠØãã ¾ãã „Ôã ¹ãÀ Ìããª Êãã¾ãã •ãã Ôã‡ãñŠØããý

(3) †ãä‡ã‹û•ã½ã ºãö‡ãŠ ‡ãŠã ½ãìŒ¾ã ‡ãŠã¾ããÃÊã¾ã ½ãì½ºãƒÃ ½ãò ¾ãã ‚ã¶¾ã †ñÔãñ Ô©ãã¶ã ¹ãÀ ÖãñØãã •ããñ ‡ãñŠ¶³ãè¾ã ÔãÀ‡ãŠãÀ ‚ããä£ãÔãîÞã¶ãã ´ãÀããäÌããä¶ããäªÃÓ› ‡ãŠÀñý

(4) †ãä‡ã‹û•ã½ã ºãö‡ãŠ ¼ããÀ¦ã ½ãò ¾ãã ¼ããÀ¦ã ‡ãñŠ ºããÖÀ †ñÔãñ Ô©ãã¶ããò ¹ãÀ, •ããñ ÌãÖ ‚ããÌãÍ¾ã‡ãŠ Ôã½ã¢ãñ, ‡ãŠã¾ããÃÊã¾ã, ÍããŒãã†â ¾ãã‚ããä¼ã‡ãŠÀ¥ã Ô©ãããä¹ã¦ã ‡ãŠÀ Ôã‡ãñŠØããý

4. (1) †ãä‡ã‹û•ã½ã ºãö‡ãŠ ‡ãŠãè ¹ãÆããä£ã‡ãðŠ¦ã ¹ãîú•ããè ªÔã Ö•ããÀ ‡ãŠÀãñü¡ Á¹ã† ÖãñØããè :

¹ãÀ¶¦ãì ‡ãñŠ¶³ãè¾ã ÔãÀ‡ãŠãÀ ‚ããä£ãÔãîÞã¶ãã ´ãÀã „‡ã‹¦ã ¹ãîú•ããè ‡ãŠãñ Ôã½ã¾ã-Ôã½ã¾ã ¹ãÀ ‚ããÌãÍ¾ã‡ãŠ¦ãã¶ãìÔããÀ ºãü¤ã Ôã‡ãñŠØããèý

(2) †ãä‡ã‹û•ã½ã ºãö‡ãŠ ‡ãŠãè ¹ãìÀãñ£ãð¦ã ¹ãîú•ããè ¹ãî¥ãÃ¦ã: ‡ãñŠ¶³ãè¾ã ÔãÀ‡ãŠãÀ ´ãÀã ‚ããä¼ãª§ã ‡ãŠãè •ãã†Øããè ý

1934 ‡ãŠã 2

¹ãÆããä£ã‡ãðŠ¦ã ¹ãîú•ããèý

‚ã£¾ãã¾ã II

¼ããÀ¦ããè¾ã ãä¶ã¾ããÃ¦ã-‚ãã¾ãã¦ã ºãö‡ãŠ ‡ãŠãè

Ô©ãã¹ã¶ãã ‚ããõÀ „Ôã‡ãŠã ãä¶ãØã½ã¶ãý

2

1934 ‡ãŠã 2


CHAPTER III Management of the Exim Bank

Management. 5. (1) The general superintendence, direction and management of the affairs and businessof the Exim Bank shall vest in the Board, which may exercise all powers and doall acts and things which may be exercised or done by the Exim Bank.

(2) Save as otherwise provided in the regulations made under this Act, -

(a) the chairman, if he is a whole-time director or if he is holding offices bothas the chairman and the managing director, or

(b) the managing director, if the chairman is not a whole-time director, or, if thechairman being a whole-time director, is absent,

shall also have powers of general superintendence, direction and management ofthe affairs and business of the Exim Bank and may also exercise all powers and doall acts and things which may be exercised or done by the Exim Bank.

(3) Subject to the provisions of this Act, the Board in discharging its functions shallact on business principles with due regard to public interest.

(4) In the discharge of its functions under this Act, the Exim Bank shall be guided bysuch directions in matters of policy involving public interest as the CentralGovernment may give to it in writing.

Constitution of Board. 6. (1) The Board of Directors of the Exim Bank shall consist of the following, namely:-

(a) a chairman and a managing director appointed by the Central Government:

Provided that the same person may be appointed to function both as chairmanand as managing director;

(aa) two whole-time directors appointed by the Central Government;

(b) one director nominated by the Reserve Bank;

(c) one director nominated by the Development Bank;

(d) one director nominated by the Export Credit and Guarantee CorporationLimited, being a Government Company within the meaning of section 617of the Companies Act, 1956;

(e) not more than twelve directors nominated by the Central Government ofwhom -

1 of 1956.

3


†ãä‡ã‹û•ã½ã ºãö‡ãŠ ‡ãŠã ¹ãÆºã¶£ã

5. (1) †ãä‡ã‹û•ã½ã ºãö‡ãŠ ‡ãñŠ ‡ãŠã¾ãÃ‡ãŠÊãã¹ã ‚ããõÀ ‡ãŠãÀºããÀ ‡ãŠã Ôãã£ããÀ¥ã ‚ã£ããèàã¥ã, ãä¶ãªñÍã¶ã ‚ããõÀ ¹ãÆºãâ£ã †‡ãŠ ãä¶ãªñÍã‡ãŠ ºããñ¡Ã ½ãò ãä¶ããäÖ¦ãÖãñØãã •ããñ „¶ã Ôãºã Íããä‡ã‹¦ã¾ããò ‡ãŠã ¹ãÆ¾ããñØã ¦ã©ãã Ìãñ Ôãºã ºãã¦ãò ‚ããõÀ ‡ãŠã¾ãÃ ‡ãŠÀ Ôã‡ãñŠØãã ãä•ã¶ã‡ãŠã †ãä‡ã‹û•ã½ã ºãö‡ãŠ ´ãÀã ¹ãÆ¾ããñØããä‡ãŠ¾ãã •ãã Ôã‡ãŠ¦ãã Öõ ¾ãã ãä•ã¶Öò †ãä‡ã‹û•ã½ã ºãö‡ãŠ ‡ãŠÀ Ôã‡ãŠ¦ãã Öõý

(2) ƒÔã ‚ããä£ããä¶ã¾ã½ã ‡ãñŠ ‚ã£ããè¶ã ºã¶ãã† Øã† ãäÌããä¶ã¾ã½ããò ½ãò •ãõÔãã „¹ãºãâãä£ã¦ã Öõ „Ôã‡ãñŠ ãäÔãÌãã¾ã -

(‡ãŠ) ¾ããäª ‚ã£¾ãàã ¹ãî¥ãÃ‡ãŠããäÊã‡ãŠ ãä¶ãªñÍã‡ãŠ Öõ ¾ãã ¾ããäª ÌãÖ ‚ã£¾ãàã ‚ããõÀ ¹ãÆºã¶£ã ãä¶ãªñÍã‡ãŠ ªãñ¶ããò ¹ãªãò ‡ãŠãñ £ããÀ¥ã ‡ãŠÀ¦ããÖõ, ¦ããñ ‚ã£¾ãàã, ¾ãã

(Œã) ¾ããäª ‚ã£¾ãàã ¹ãî¥ãÃ‡ãŠããäÊã‡ãŠ ãä¶ãªñÍã‡ãŠ ¶ãÖãé Öõ, ¾ãã ¾ããäª ‚ã£¾ãàã ¹ãî¥ãÃ‡ãŠããäÊã‡ãŠ ãä¶ãªñÍã‡ãŠ Öãñ¦ãñ Öì† ‚ã¶ãì¹ããäÔ©ã¦ãÖõ, ¦ããñ ¹ãÆºã¶£ã ãä¶ãªñÍã‡ãŠ,

‡ãŠãñ ¼ããè †ãä‡ã‹û•ã½ã ºãö‡ãŠ ‡ãñŠ ‡ãŠã¾ãÃ‡ãŠÊãã¹ã ‚ããõÀ ‡ãŠãÀºããÀ ‡ãñŠ Ôãã£ããÀ¥ã ‚ã£ããèàã¥ã, ãä¶ãªñÍã¶ã ‚ããõÀ ¹ãÆºã¶£ã ‡ãŠãè Íããä‡ã‹¦ã¾ããâ ¹ãÆã¹¦ãÖãòØããè ‚ããõÀ ÌãÖ „¶ã Ôã¼ããè Íããä‡ã‹¦ã¾ããò ‡ãŠã ¹ãÆ¾ããñØã ‚ããõÀ Ìãñ Ôãºã ‡ãŠã¾ãÃ ‚ããõÀ ºãã¦ãò ‡ãŠÀ Ôã‡ãñŠØãã ãä•ã¶ã‡ãŠã †ãä‡ã‹û•ã½ã ºãö‡ãŠ ´ãÀã¹ãÆ¾ããñØã ãä‡ãŠ¾ãã •ãã Ôã‡ãŠ¦ãã Öõ ‚ããõÀ ãä•ã¶Öò †ãä‡ã‹û•ã½ã ºãö‡ãŠ ‡ãŠÀ Ôã‡ãŠ¦ãã Öõý

(3) ƒÔã ‚ããä£ããä¶ã¾ã½ã ‡ãñŠ „¹ãºã¶£ããò ‡ãñŠ ‚ã£ããè¶ã ÀÖ¦ãñ Öì†, ºããñ¡Ã ‚ã¹ã¶ãñ ‡ãðŠ¦¾ããò ‡ãŠã ãä¶ãÌãÃÖ¶ã ‡ãŠÀ¶ãñ ½ãò, Êããñ‡ãŠ ãäÖ¦ã ‡ãŠã Ôã½¾ã‡ãáŠ£¾ãã¶ã ÀŒã¦ãñ Öì† ‡ãŠãÀºããÀ ‡ãñŠ ãäÔã®ã¶¦ããò ‡ãñŠ ‚ã¶ãìÔããÀ ‡ãŠã¾ãÃ ‡ãŠÀñØããý

(4) ƒÔã ‚ããä£ããä¶ã¾ã½ã ‡ãñŠ ‚ã£ããè¶ã ‚ã¹ã¶ãñ ‡ãðŠ¦¾ããò ‡ãŠã ãä¶ãÌãÃÖ¶ã ‡ãŠÀ¶ãñ ½ãò †ãä‡ã‹û•ã½ã ºãö‡ãŠ ‡ãŠã, Êããñ‡ãŠ ãäÖ¦ã ãäÌãÓã¾ã‡ãŠ ¶ããèãä¦ã ‡ãñŠ ãäÌãÓã¾ããò½ãò, ½ããØãÃªÍãÃ¶ã †ñÔãñ ãä¶ãªñÍããò Ôãñ ÖãñØãã •ããñ ‡ãñŠ¶³ãè¾ã ÔãÀ‡ãŠãÀ „Ôãñ ãäÊããäŒã¦ã Â¹ã ½ãò ªñý

6. (1) †ãä‡ã‹û•ã½ã ºãö‡ãŠ ‡ãŠã ãä¶ãªñÍã‡ãŠ ºããñ¡Ã ãä¶ã½¶ããäÊããäŒã¦ã Ôãñ ãä½ãÊã‡ãŠÀ ºã¶ãñØãã, ‚ã©ããÃ¦ãá :-

(‡ãŠ) ‚ã£¾ãàã ‚ããõÀ ¹ãÆºã¶£ã ãä¶ãªñÍã‡ãŠ •ããñ ‡ãñŠ¶³ãè¾ã ÔãÀ‡ãŠãÀ ´ãÀã ãä¶ã¾ãì‡ã‹¦ã ãä‡ãŠ¾ãã •ãã†Øãã :

¹ãÀ¶¦ãì †‡ãŠ Öãè Ì¾ããä‡ã‹¦ã ‡ãŠãñ ‚ã£¾ãàã ‚ããõÀ ¹ãÆºã¶£ã ãä¶ãªñÍã‡ãŠ ªãñ¶ããò ‡ãñŠ Â¹ã ½ãò ‡ãðŠ¦¾ã ‡ãŠÀ¶ãñ ‡ãñŠ ãäÊã†ãä¶ã¾ãì‡ã‹¦ã ãä‡ãŠ¾ãã •ãã Ôã‡ãñŠØãã ;

(‡ãŠ‡ãŠ) ªãñ ¹ãî¥ãÃ‡ãŠããäÊã‡ãŠ ãä¶ãªñÍã‡ãŠ ãä•ã¶ã‡ãŠãè ãä¶ã¾ãìãä‡ã‹¦ã ‡ãñŠ¶³ãè¾ã ÔãÀ‡ãŠãÀ ´ãÀã ‡ãŠãè •ãã†Øããèý

(Œã) †‡ãŠ ãä¶ãªñÍã‡ãŠ •ããñ ãäÀû•ãÌãÃ ºãö‡ãŠ ´ãÀã ¶ãã½ããä¶ããäªÃÓ› ãä‡ãŠ¾ãã •ãã†Øãã ;

(Øã) †‡ãŠ ãä¶ãªñÍã‡ãŠ •ããñ ãäÌã‡ãŠãÔã ºãö‡ãŠ ´ãÀã ¶ãã½ããä¶ããäªÃÓ› ãä‡ãŠ¾ãã •ãã†Øãã ;

(Üã) †‡ãŠ ãä¶ãªñÍã‡ãŠ •ããñ †‡ã‹Ôã¹ããñ›Ã ‰ãñŠãä¡› †¥¡ ØããÀ¥›ãè ‡ãŠãÀ¹ããñÀñÍã¶ã ãäÊããä½ã›ñ¡ ´ãÀã, •ããñ ‡ãŠ½¹ã¶ããè‚ããä£ããä¶ã¾ã½ã,1956 ‡ãŠãè £ããÀã 617 ‡ãñŠ ‚ã©ãÃ ½ãò †‡ãŠ ÔãÀ‡ãŠãÀãè ‡ãŠ½¹ã¶ããè Öõ, ¶ãã½ããä¶ããäªÃÓ› ãä‡ãŠ¾ãã•ãã†Øãã ;

(Ý) ºããÀÖ Ôãñ ‚ã¶ããä£ã‡ãŠ ãä¶ãªñÍã‡ãŠ •ããñ ‡ãñŠ¶³ãè¾ã ÔãÀ‡ãŠãÀ ´ãÀã ¶ãã½ããä¶ããäªÃÓ› ãä‡ãŠ† •ãã†âØãñ, ãä•ã¶ã½ãò Ôãñ -

‚ã£¾ãã¾ã III

¹ãÆºãâ£ã

ºããñ¡Ã ‡ãŠã ØãŸ¶ã

1956 ‡ãŠã 1

3


(i) five directors shall be officials of the Central Government;

(ii) not more than three directors shall be from the scheduled banks;

(iii) not more than four directors shall be persons who have special knowledge of,or professional experience in, export or import or financing thereof.

(2) The chairman and the managing director or the whole-time director shall holdoffice for such term, not exceeding five years, as the Central Government mayspecify in this behalf and any person so appointed shall be eligible for re-appointment.

(3) Notwithstanding anything contained in sub-section (1), the Central Governmentshall have the right to terminate the term of office of the chairman or, the managingdirector, or the whole-time director, as the case may be, at any time before theexpiry of the term specified under sub-section (2), by giving him notice of not lessthan three months in writing or three months’ salary and allowances in lieu thereof,and the chairman or the managing director, or the whole-time director, as the casemay be, shall also have the right to relinquish his office at any time before theexpiry of the term specified under sub-section (2) by giving to the CentralGovernment notice of not less than three months in writing or three months’ salaryand allowances in lieu thereof.

(4) The chairman and the managing director or the whole-time director shall receivesuch salary and allowances as may be determined by the Central Government.

(5) The Central Government may, at any time, remove the chairman or the managingdirector, or the whole-time director, as the case may be, from office:

Provided that no person shall be removed from his office under this sub-sectionunless he has been given an opportunity of showing cause against his removal.

(6) Subject to the provisions contained in sub-section (7), any director nominatedunder clause (b) or clause (c) or clause (d) or clause (e) of sub-section (1) and notbeing an official of Government or not being a whole-time director or official ofthe Reserve Bank or the Development Bank or the said Export Credit andGuarantee Corporation Limited or a scheduled bank, shall hold office for suchterm, not exceeding three years, as the Central Government or, as the case may be,the authority nominating him, may specify in this behalf and shall be eligible forre-nomination:

Provided that no such director shall hold office continuously for a period exceedingsix years.

4


(i) ¹ããúÞã ãä¶ãªñÍã‡ãŠ ‡ãñŠ¶³ãè¾ã ÔãÀ‡ãŠãÀ ‡ãñŠ ¹ãª£ããÀãè ÖãòØãñ ;

(ii) ¦ããè¶ã Ôãñ ‚ã¶ããä£ã‡ãŠ ãä¶ãªñÍã‡ãŠ ‚ã¶ãìÔãîãäÞã¦ã ºãö‡ãŠãò Ôãñ ÖãòØãñ ;

(iii) ÞããÀ Ôãñ ‚ã¶ããä£ã‡ãŠ ãä¶ãªñÍã‡ãŠ †ñÔãñ Ì¾ããä‡ã‹¦ã ÖãòØãñ ãä•ã¶Öò ãä¶ã¾ããÃ¦ã ¾ãã ‚ãã¾ãã¦ã ‚ã©ãÌãã „Ôã‡ãñŠ

ãäÌã§ã¹ããñÓã¥ã ‡ãŠã ãäÌãÍãñÓã —ãã¶ã ¾ãã Ìãðãä§ã‡ãŠ ‚ã¶ãì¼ãÌã Öãñý

(2) ‚ã£¾ãàã †Ìãâ ¹ãÆºãâ£ã ãä¶ãªñÍã‡ãŠ ¾ãã ¹ãî¥ãÃ ‡ãŠããäÊã‡ãŠ ãä¶ãªñÍã‡ãŠ ¹ããúÞã ÌãÓããô Ôãñ ‚ã¶ããä£ã‡ãŠ ‡ãŠãè †ñÔããè ‚ãÌããä£ã ‡ãñŠ ãäÊã† ¹ãª

£ãããäÀ¦ã ‡ãŠÀñØãã ãä•ãÔãñ ‡ãñŠ¶³ ÔãÀ‡ãŠãÀ ãäÌããä¶ããäªÃÓ› ‡ãŠÀñ ‚ããõÀ ƒÔã ¹ãÆ‡ãŠãÀ ãä¶ã¾ãì‡ã‹¦ã ãä‡ãŠÔããè ¼ããè Ì¾ããä‡ã‹¦ã ‡ãŠãñ ¹ãì¶ããä¶ãÃ¾ãì‡ã‹¦ã

¼ããè ãä‡ãŠ¾ãã •ãã Ôã‡ãñŠØããý

(3) „¹ã£ããÀã (1) ½ãò ãä‡ãŠÔããè ºãã¦ã ‡ãñŠ Öãñ¦ãñ Öì† ¼ããè, ‡ãñŠ¶³ãè¾ã ÔãÀ‡ãŠãÀ ‡ãŠãñ, ¾ã©ãããäÔ©ããä¦ã, ‚ã£¾ãàã ¾ãã ¹ãÆºã¶£ã ãä¶ãªñÍã‡ãŠ

¾ãã ¹ãî¥ãÃ‡ãŠããäÊã‡ãŠ ãä¶ãªñÍã‡ãŠ ‡ãŠãè ¹ãªãÌããä£ã ‡ãŠãñ, „¹ã£ããÀã (2) ‡ãñŠ ‚ã£ããè¶ã ãäÌããä¶ããäªÃÓ› ‚ãÌããä£ã ‡ãñŠ ‚ãÌãÔãã¶ã ‡ãñŠ ¹ãîÌãÃ

ãä‡ãŠÔããè Ôã½ã¾ã, „Ôãñ ¦ããè¶ã ½ããÔã Ôãñ ‚ã¶¾ãî¶ã ‡ãŠãñ ãäÊããäŒã¦ã ÔãîÞã¶ãã ªñ‡ãŠÀ ¾ãã „Ôã‡ãñŠ ºãªÊãñ ½ãò ¦ããè¶ã ½ããÔã ‡ãŠã Ìãñ¦ã¶ã ‚ããõÀ

¼ã§ãñ ªñ‡ãŠÀ Ôã½ãã¹¦ã ‡ãŠÀ¶ãñ ‡ãŠã ‚ããä£ã‡ãŠãÀ ÖãñØãã ‚ããõÀ, ¾ã©ãããäÔ©ããä¦ã, ‚ã£¾ãàã ¾ãã ¹ãÆºã¶£ã ãä¶ãªñÍã‡ãŠ ¾ãã ¹ãî¥ãÃ‡ãŠããäÊã‡ãŠ

ãä¶ãªñÍã‡ãŠ ‡ãŠãñ ¼ããè, „¹ã£ããÀã (2) ‡ãñŠ ‚ã£ããè¶ã ãäÌããä¶ããäªÃÓ› ‚ãÌããä£ã ‡ãñŠ ‚ãÌãÔãã¶ã ‡ãñŠ ¹ãîÌãÃ ãä‡ãŠÔããè Ôã½ã¾ã ‚ã¹ã¶ãã ¹ãª,

‡ãñŠ¶³ãè¾ã ÔãÀ‡ãŠãÀ ‡ãŠãñ ¦ããè¶ã ½ããÔã Ôãñ ‚ã¶¾ãî¶ã ‡ãŠãè ãäÊããäŒã¦ã ÔãîÞã¶ãã ªñ‡ãŠÀ ¾ãã „Ôã‡ãñŠ ºãªÊãñ ½ãò ¦ããè¶ã ½ããÔã ‡ãŠã Ìãñ¦ã¶ã ‚ããõÀ

¼ã§ãñ ªñ‡ãŠÀ ¦¾ããØã¶ãñ ‡ãŠã ‚ããä£ã‡ãŠãÀ ÖãñØããý

(4) ‚ã£¾ãàã ‚ããõÀ ¹ãÆºã¶£ã ãä¶ãªñÍã‡ãŠ ¾ãã ¹ãî¥ãÃ‡ãŠããäÊã‡ãŠ ãä¶ãªñÍã‡ãŠ †ñÔãñ Ìãñ¦ã¶ã ‚ããõÀ ¼ã§ãñ ¹ãÆã¹¦ã ‡ãŠÀòØãñ •ããñ ‡ãñŠ¶³ãè¾ã ÔãÀ‡ãŠãÀ

´ãÀã ‚ãÌã£ãããäÀ¦ã ãä‡ãŠ† •ãã†âý

(5) ‡ãñŠ¶³ãè¾ã ÔãÀ‡ãŠãÀ ãä‡ãŠÔããè ¼ããè Ôã½ã¾ã, ¾ã©ãããäÔ©ããä¦ã, ‚ã£¾ãàã ¾ãã ¹ãÆºã¶£ã ãä¶ãªñÍã‡ãŠ ¾ãã ¹ãî¥ãÃ‡ãŠããäÊã‡ãŠ ãä¶ãªñÍã‡ãŠ ‡ãŠãñ „Ôã‡ãñŠ

¹ãª Ôãñ Ö›ã Ôã‡ãñŠØããè:

¹ãÀ¶¦ãì ãä‡ãŠÔããè Ì¾ããä‡ã‹¦ã ‡ãŠãñ ƒÔã „¹ã£ããÀã ‡ãñŠ ‚ã£ããè¶ã ‚ã¹ã¶ãñ ¹ãª Ôãñ ¦ãºã ¦ã‡ãŠ ¶ãÖãé Ö›ã¾ãã •ãã†Øãã •ãºã ¦ã‡ãŠ ãä‡ãŠ „Ôãñ

„Ôã‡ãñŠ Ö›ã† •ãã¶ãñ ‡ãñŠ ãäÌãÁ® ‡ãŠãÀ¥ã ªãäÍãÃ¦ã ‡ãŠÀ¶ãñ ‡ãŠã ‚ãÌãÔãÀ ¶ã ªñ ãäª¾ãã Øã¾ãã Öãñý

(6) „¹ã£ããÀã (7) ½ãò ‚ãâ¦ããäÌãÃÓ› „¹ãºãâ£ããò ‡ãñŠ ‚ã£ããè¶ã ÀÖ¦ãñ Öì†, „¹ã-£ããÀã (1) ‡ãñŠ Œãâ¡ (Œã) ¾ãã Œãâ¡ (Øã) ¾ãã Œãâ¡

(Üã) ‚ã©ãÌãã Œãâ¡ (Ý) ‡ãñŠ ‚ã£ããè¶ã ¶ãã½ããä¶ãªóãäÍã¦ã ‡ãŠãñƒÃ ãä¶ãªñÍã‡ãŠ •ããñ ÔãÀ‡ãŠãÀ ‡ãŠã ¹ãª£ããÀãè ¶ãÖãé Öõ ¾ãã ãäÀû•ãÌãÃ ºãö‡ãŠ

¾ãã ãäÌã‡ãŠãÔã ºãö‡ãŠ ¾ãã „‡ã‹¦ã ãä¶ã¾ããÃ¦ã ¹ãÆ¦¾ã¾ã ‚ããõÀ ØããÀâ›ãè ãä¶ãØã½ã ãäÊããä½ã›ñ¡ ¾ãã ãä‡ãŠÔããè ‚ã¶ãìÔãîãäÞã¦ã ºãö‡ãŠ ‡ãŠã ‚ããä£ã‡ãŠãÀãè

¶ãÖãé Öõ, †ñÔããè ‚ãÌããä£ã ¦ã‡ãŠ •ããñ ¦ããè¶ã ÌãÓãÃ Ôãñ ‚ããä£ã‡ãŠ ¶ãÖãé ÖãñØããè, •ããñ, ¾ã©ãããäÔ©ããä¦ã, ‡ãñŠ¶³ãè¾ã ÔãÀ‡ãŠãÀ ¾ãã „Ôã‡ãŠã

¶ãã½ããä¶ãªóÍã¶ã ‡ãŠÀ¶ãñ ÌããÊãã ¹ãÆããä£ã‡ãŠãÀãè ƒÔã ãä¶ããä½ã§ã ãäÌããä¶ããäªÃÓ› ‡ãñŠ ãäÊã† ¹ãª£ãããäÀ¦ã ‡ãŠÀñØãã ‚ããõÀ ÌãÖ ¹ãì¶ã¶ããÃ½ããä¶ãªóÍã¶ã

‡ãñŠ ãäÊã† ¹ãã¨ã ÖãñØãã:

¹ãÀâ¦ãì ‡ãŠãñƒÃ †ñÔãã ãä¶ãªñÍã‡ãŠ œÖ ÌãÓãÃ Ôãñ ‚ããä£ã‡ãŠ ‡ãŠãè ‚ãÌããä£ã ¦ã‡ãŠ ãä¶ãÀâ¦ãÀ ¹ãª £ããÀ¥ã ¶ãÖãé ‡ãŠÀñØããý

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(7) Any director nominated under this section shall hold office during the pleasureof the authority nominating him.

(8) The Board shall meet at such times and places and shall observe such rules ofprocedure in regard to the transaction of business at its meetings as may beprescribed.

(9) The chairman or, if for any reason he is unable to attend a meeting of the Board,the managing director or, in the event of both the chairman and the managingdirector being unable to attend a meeting, any other director nominated by thechairman in this behalf and in the absence of such nomination any director electedby the directors present from among themselves, shall preside at the meeting.

(10) All questions which come up before any meeting of the Board shall be decidedby a majority of votes of the directors present and voting, and in the event of anequality of votes, the chairman, or in his absence, the managing director, or in theabsence of both the chairman and the managing director, the person presiding,shall have and exercise a second or casting vote.

(11) Save as otherwise provided in sub-section (10), every director of the Board shallhave one vote.

Committees. 7. (1) The Board may constitute such Committees whether consisting wholly ofdirectors or wholly of other persons or partly of directors and partly of otherpersons for such purpose or purposes as it may think fit.

(2) Any Committee constituted under sub-section (1) shall meet at such times andplaces and shall observe such rules of procedure in regard to the transaction ofbusiness at its meetings as may be prescribed.

Fees and allowances of 8. The directors and the members of a Committee shall be paid such fees and allowancesdirectors and members as may be prescribed for attending the Meetings of the Board or of any Committee

of Committees. constituted in pursuance of this Act and for attending to any other work of the EximBank:

Provided that no fees shall be payable to the chairman, if he is appointed as a whole-time chairman, or to the managing director or the whole-time director or to any otherdirector or member who is an official of the Government, the Reserve Bank or theDevelopment Bank.

Disqualifications. 9. No person shall be a director of the Board constituted under this Act, who -

(a) is, or at any time has been, adjudged insolvent, or

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(7) ƒÔã £ããÀã ‡ãñŠ ‚ã£ããè¶ã ¶ãããä½ã¦ã ‡ãŠãñƒÃ ãä¶ãªñÍã‡ãŠ „Ôãñ ¶ãããä½ã¦ã ‡ãŠÀ¶ãñÌããÊãñ ¹ãÆããä£ã‡ãŠÀ¥ã ‡ãñŠ ¹ãÆÔããª ¹ã¾ãÄ¦ã ¹ãª £ããÀ¥ã ‡ãŠÀñØããý

(8) ºããñ¡Ã ‡ãñŠ ‚ããä£ãÌãñÍã¶ã †ñÔãñ Ôã½ã¾ããò ‚ããõÀ Ô©ãã¶ããò ¹ãÀ ÖãòØãñ ‚ããõÀ ÌãÖ ‚ã¹ã¶ãñ ‚ããä£ãÌãñÍã¶ããò ½ãò ‡ãŠã¾ãÃ ‡ãŠÀ¶ãñ ‡ãñŠ ºããÀñ ½ãò ¹ãÆãä‰ãŠ¾ãã

‡ãñŠ †ñÔãñ ãä¶ã¾ã½ããò ‡ãŠã ¹ããÊã¶ã ‡ãŠÀñØãã •ããñ ãäÌããäÖ¦ã ãä‡ãŠ† •ãã†âý

(9) ‚ã£¾ãàã, ‚ã©ãÌãã ¾ããäª ÌãÖ ãä‡ãŠÔããè ‡ãŠãÀ¥ã Ôãñ ºããñ¡Ã ‡ãñŠ ‚ããä£ãÌãñÍã¶ã ½ãò Öããä•ãÀ Öãñ¶ãñ ½ãò ‚ãÔã½ã©ãÃ Öõ ¦ããñ ¹ãÆºã¶£ã ãä¶ãªñÍã‡ãŠ,

¾ãã ‚ã£¾ãàã ‚ããõÀ ¹ãÆºãâ£ã ãä¶ãªñÍã‡ãŠ ªãñ¶ããò ‡ãñŠ ‚ããä£ãÌãñÍã¶ããò ½ãò Öããä•ãÀ ½ãò ‚ãÔã½ã©ãÃ Öãñ¶ãñ ‡ãŠãè ªÍãã ½ãò, ‚ã£¾ãàã ́ ãÀã ƒÔã

ãä¶ããä½ã§ã ¶ãã½ããä¶ããäªÃÓ› ‡ãŠãñƒÃ ‚ã¶¾ã ãä¶ãªñÍã‡ãŠ ‚ããõÀ †ñÔãñ ¶ãã½ããä¶ãªóÍã¶ã ‡ãñŠ ‚ã¼ããÌã ½ãò „¹ããäÔ©ã¦ã ãä¶ãªñÍã‡ãŠãò ´ãÀã ‚ã¹ã¶ãñ

½ãò Ôãñ ãä¶ãÌããÃãäÞã¦ã ‡ãŠãñƒÃ ãä¶ãªñÍã‡ãŠ ‚ããä£ãÌãñÍã¶ã ‡ãŠã Ôã¼ãã¹ããä¦ã¦Ìã ‡ãŠÀñØããý

(10) ºããñ¡Ã ‡ãñŠ ãä‡ãŠÔããè ‚ããä£ãÌãñÍã¶ã ½ãò „Ÿ¶ãñ ÌããÊãñ Ôã¼ããè ¹ãÆÍ¶ããò ‡ãŠã ãäÌããä¶ãÍÞã¾ã „¹ããäÔ©ã¦ã ‚ããõÀ ½ã¦ã ªñ¶ãñ ÌããÊãñ ãä¶ãªñÍã‡ãŠãò ‡ãñŠ

ºãÖì½ã¦ã Ôãñ ãä‡ãŠ¾ãã •ãã†Øãã ‚ããõÀ ½ã¦ã ºãÀãºãÀ Öãñ¶ãñ ‡ãŠãè ªÍãã ½ãò, ‚ã£¾ãàã ‡ãŠã, ¾ãã „Ôã‡ãŠãè ‚ã¶ãì¹ããäÔ©ããä¦ã ½ãò ¹ãÆºã¶£ã ãä¶ãªñÍã‡ãŠ

‡ãŠã, ¾ãã ‚ã£¾ãàã ‚ããõÀ ¹ãÆºã¶£ã ãä¶ãªñÍã‡ãŠ ªãñ¶ããò ‡ãŠãè ‚ã¶ãì¹ããäÔ©ããä¦ã ½ãò, ¹ããèŸãÔããè¶ã Ì¾ããä‡ã‹¦ã ‡ãŠã ãä´¦ããè¾ã ¾ãã ãä¶ã¥ããÃ¾ã‡ãŠ ½ã¦ã

ÖãñØãã ‚ããõÀ ÌãÖ „Ôã‡ãŠã ¹ãÆ¾ããñØã ‡ãŠÀñØããý

(11) „¹ã£ããÀã (10) ½ãò •ãõÔãã „¹ãºããä¶£ã¦ã Öõ „Ôã‡ãñŠ ãäÔãÌãã¾ã ºããñ¡Ã ‡ãñŠ ÖÀ ãä¶ãªñÍã‡ãŠ ‡ãŠãñ †‡ãŠ ½ã¦ã ªñ¶ãñ ‡ãŠã ‚ããä£ã‡ãŠãÀ ÖãñØããý

7. (1) ºããñ¡Ã, ÞããÖñ ¦ããñ ¹ãî¥ãÃ¦ã¾ãã ãä¶ãªñÍã‡ãŠãò Ôãñ ¾ãã ¹ãî¥ãÃ¦ã¾ãã ‚ã¶¾ã Ì¾ããä‡ã‹¦ã¾ããò Ôãñ, ¾ãã ¼ããØã¦ã: ãä¶ãªñÍã‡ãŠãò Ôãñ ‚ããõÀ ¼ããØã¦ã: ‚ã¶¾ã

Ì¾ããä‡ã‹¦ã¾ããò Ôãñ ãä½ãÊã‡ãŠÀ ºã¶ããè †ñÔããè Ôããä½ããä¦ã¾ããâ †ñÔãñ ¹ãÆ¾ããñ•ã¶ã ¾ãã ¹ãÆ¾ããñ•ã¶ããò ‡ãñŠ ãäÊã† ØããäŸ¦ã ‡ãŠÀ Ôã‡ãñŠØãã •ããñ ÌãÖ Ÿãè‡ãŠ

Ôã½ã¢ãñý

(2) „¹ã£ããÀã (1) ‡ãñŠ ‚ã£ããè¶ã ØããäŸ¦ã ãä‡ãŠÔããè Ôããä½ããä¦ã ‡ãñŠ ‚ããä£ãÌãñÍã¶ã †ñÔãñ Ôã½ã¾ããò ‚ããõÀ Ô©ãã¶ããò ¹ãÀ ÖãòØãñ ‚ããõÀ ÌãÖ ‚ã¹ã¶ãñ

‚ããä£ãÌãñÍã¶ã ½ãò ‡ãŠã¾ãÃ ‡ãŠÀ¶ãñ ‡ãñŠ ºããÀñ ½ãò ¹ãÆãä‰ãŠ¾ãã ‡ãñŠ †ñÔãñ ãä¶ã¾ã½ããò ‡ãŠã ¹ããÊã¶ã ‡ãŠÀñØããè •ããñ ãäÌããäÖ¦ã ãä‡ãŠ† •ãã†âý

8. ãä¶ãªñÍã‡ãŠãò ‚ããõÀ Ôããä½ããä¦ã ‡ãñŠ ÔãªÔ¾ããò ‡ãŠãñ ºããñ¡Ã ‡ãñŠ ¾ãã ƒÔã ‚ããä£ããä¶ã¾ã½ã ‡ãñŠ ‚ã¶ãìÔãÀ¥ã ½ãò ØããäŸ¦ã ãä‡ãŠÔããè Ôããä½ããä¦ã ‡ãñŠ ‚ããä£ãÌãñÍã¶ããò

½ãò Öããä•ãÀ Öãñ¶ãñ ‡ãñŠ ãäÊã† ‚ããõÀ †ãä‡ã‹û•ã½ã ºãö‡ãŠ ‡ãŠã ‡ãŠãñƒÃ ‚ã¶¾ã ‡ãŠã¾ãÃ ‡ãŠÀ¶ãñ ‡ãñŠ ãäÊã† †ñÔããè ¹ãŠãèÔãò ‚ããõÀ ¼ã§ãñ ãäª† •ãã†âØãñ •ããñ ãäÌããäÖ¦ã

ãä‡ãŠ† •ãã†â :

¹ãÀ¶¦ãì ‚ã£¾ãàã ‡ãŠãñ, ¾ããäª „Ôãñ ¹ãî¥ãÃ‡ãŠããäÊã‡ãŠ ‚ã£¾ãàã ‡ãñŠ Â¹ã ½ãò ãä¶ã¾ãì‡ã‹¦ã ãä‡ãŠ¾ãã Øã¾ãã Öõ, ¾ãã †ñÔãñ ¹ãÆºã¶£ã ãä¶ãªñÍã‡ãŠ ‡ãŠãñ ¾ãã

¹ãî¥ãÃ‡ãŠããäÊã‡ãŠ ãä¶ãªñÍã‡ãŠ ‡ãŠãñ ¾ãã ãä‡ãŠÔããè ‚ã¶¾ã ãä¶ãªñÍã‡ãŠ ¾ãã ÔãªÔ¾ã ‡ãŠãñ, •ããñ ÔãÀ‡ãŠãÀ, ãäÀû•ãÌãÃ ºãö‡ãŠ ¾ãã ãäÌã‡ãŠãÔã ºãö‡ãŠ ‡ãŠã ‚ããä£ã‡ãŠãÀãè

Öõ, ‡ãŠãñƒÃ ¹ãŠãèÔã Ôãâªñ¾ã ¶ãÖãé ÖãñØããèý

9. ‡ãŠãñƒÃ †ñÔãã Ì¾ããä‡ã‹¦ã ƒÔã ‚ããä£ããä¶ã¾ã½ã ‡ãñŠ ‚ã£ããè¶ã ØããäŸ¦ã ºããñ¡Ã ‡ãŠã ãä¶ãªñÍã‡ãŠ ¶ãÖãé ÖãñØãã, -

(‡ãŠ) •ããñ ãäªÌãããäÊã¾ãã ¶¾ãã¾ããä¶ã¥ããê¦ã Öõ ¾ãã ãä‡ãŠÔããè Ôã½ã¾ã ãäªÌãããäÊã¾ãã ¶¾ãã¾ããä¶ã¥ããê¦ã ãä‡ãŠ¾ãã Øã¾ãã Öõ, ¾ãã

Ôããä½ããä¦ã¾ããú

ãä¶ãªñÍã‡ãŠãò ‚ããõÀ Ôããä½ããä¦ã¾ããò ‡ãñŠ ÔãªÔ¾ããò ‡ãŠãè

¹ãŠãèÔãò ‚ããõÀ ¼ã§ãñý

ãä¶ãÀÖÃ¦ããý

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(b) is of unsound mind and has been so declared by a competent court, or

(c) is, or has been, convicted of an offence which, in the opinion of the CentralGovernment, involves moral turpitude, or

(d) has, in the opinion of the Central Government, so abused his position as a director,as to render his continuance on the Board detrimental to the interests of thegeneral public, or

(e) has been, for any reason, removed from the Board.

CHAPTER IV Business of the Exim Bank

Business of Exim Bank. 10. (1) The Exim Bank may grant in or outside India loans and advances by itself or inparticipation with any bank or financial institution whether in or outside India forthe purposes of export or import and shall also function as the principal financialinstitution for co-ordinating the working of institutions engaged in financing ofthe export and import in such manner as it may deem appropriate.

(2) The Exim Bank may also carry on and transact all or any of the following kindsof business, namely:—

(a) granting loans and advances to a scheduled bank or any other bank orfinancial institution notified in the Official Gazette by the Central Governmentin this behalf by way of refinance of loans and advances granted by it forpurposes of export or import;

(b) underwriting the issue of stocks, shares, bonds or debentures of any companyengaged in export or import;

(c) issuing bid bonds or guarantees in or outside India by itself or in participationwith any government, bank or financial institution in or outside India;

(d) accepting, collecting, discounting, re-discounting, purchasing, selling ornegotiating in or outside India, bills of exchange or promissory notes arisingout of transactions relating to export or import and granting of loans andadvances in or outside India against such bills or promissory notes;

(e) granting, opening, issuing, confirming or endorsing letters of credit andnegotiating or collecting bills and other documents drawn thereunder;

(f) undertaking any transaction involving a combination of government togovernment and commercial credit for purposes of export or import;

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(Œã) •ããñ ãäÌã‡ãðŠ¦ããäÞã§ã Öõ ‚ããõÀ Ôãàã½ã ¶¾ãã¾ããÊã¾ã ´ãÀã ÌãõÔãã ÜããñãäÓã¦ã ãä‡ãŠ¾ãã Øã¾ãã Öõ, ¾ãã

(Øã) •ããñ †ñÔãñ ãä‡ãŠÔããè ‚ã¹ãÀã£ã ‡ãñŠ ãäÊã† ãäÔã®ªãñÓã ŸÖÀã¾ãã Øã¾ãã Öõ ¾ãã ŸÖÀã¾ãã •ãã Þãì‡ãŠã Öõ ãä•ãÔã½ãò ‡ãñŠ¶³ãè¾ã ÔãÀ‡ãŠãÀ‡ãŠãè Àã¾ã ½ãò ¶ãõãä¦ã‡ãŠ ‚ã£ã½ã¦ãã ‚ã¶¦ãØãÆÃÔ¦ã Öõ, ¾ãã

(Üã) ãä•ãÔã¶ãñ ‡ãñŠ¶³ãè¾ã ÔãÀ‡ãŠãÀ ‡ãŠãè Àã¾ã ½ãò, ãä¶ãªñÍã‡ãŠ ‡ãñŠ Â¹ã ½ãò ‚ã¹ã¶ãñ ¹ãª ‡ãŠã ƒÔã ¹ãÆ‡ãŠãÀ ªìÁ¹ã¾ããñØã ãä‡ãŠ¾ãã Öõ ãä‡ãŠ „Ôã‡ãŠãºããñ¡Ã ½ãò ºã¶ãã ÀÖ¶ãã •ã¶ãÔãã£ããÀ¥ã ‡ãñŠ ãäÖ¦ããò ‡ãñŠ ãäÊã† ‚ã¹ãã¾ã‡ãŠÀ Öõ, ¾ãã

(Ý) ãä•ãÔãñ ãä‡ãŠÔããè ‡ãŠãÀ¥ã Ôãñ ºããñ¡Ã Ôãñ Ö›ã ãäª¾ãã Øã¾ãã Öõý


10. (1) †ãä‡ã‹û•ã½ã ºãö‡ãŠ ãä¶ã¾ããÃ¦ã ¾ãã ‚ãã¾ãã¦ã ‡ãñŠ ¹ãÆ¾ããñ•ã¶ããò ‡ãñŠ ãäÊã† ¼ããÀ¦ã ½ãò ¾ãã „Ôã‡ãñŠ ºããÖÀ „£ããÀ ‚ããõÀ ‚ããäØãÆ½ã £ã¶ã ¾ãã ¦ããñÔÌã¾ãâ ¾ãã ¼ããÀ¦ã ½ãò ¾ãã „Ôã‡ãñŠ ºããÖÀ ‡ãñŠ ãä‡ãŠÔããè ºãö‡ãŠ ¾ãã ãäÌã§ããè¾ã ÔãâÔ©ãã ‡ãñŠ Ôãã©ã Ôãã¢ãñªãÀãè ½ãò ªñ Ôã‡ãñŠØãã ‚ããõÀ ãä¶ã¾ããÃ¦ã‚ããõÀ ‚ãã¾ãã¦ã ‡ãñŠ ãäÌã§ã¹ããñÓã¥ã ½ãò ÊãØããè ÔãâÔ©ãã‚ããò ‡ãñŠ ‡ãŠã¾ãÃ‡ãŠÀ¥ã ‡ãñŠ Ôã½ã¶Ìã¾ã ‡ãñŠ ãäÊã† ¹ãÆ£ãã¶ã ãäÌã§ããè¾ã ÔãâÔ©ãã ‡ãñŠ Â¹ã½ãò ¼ããè †ñÔããè Àãèãä¦ã Ôãñ ‡ãŠã¾ãÃ ‡ãŠÀñØãã •ãõÔããè ÌãÖ „ãäÞã¦ã Ôã½ã¢ãñý

(2) †ãä‡ã‹û•ã½ã ºãö‡ãŠ ãä¶ã½¶ããäÊããäŒã¦ã ½ãò Ôãñ Ôã¼ããè ¾ãã ãä‡ãŠÔããè ¼ããâãä¦ã ‡ãŠã ‡ãŠãÀãñºããÀ ¼ããè ÞãÊãã Ôã‡ãñŠØãã ‚ããõÀ ‡ãŠÀ Ôã‡ãñŠØãã, ‚ã©ããÃ¦ãá:-

(‡ãŠ) ãä‡ãŠÔããè ‚ã¶ãìÔãîãäÞã¦ã ºãö‡ãŠ ¾ãã ãä‡ãŠÔããè ‚ã¶¾ã ºãö‡ãŠ ¾ãã ãäÌã§ããè¾ã ÔãâÔ©ãã ‡ãŠãñ, •ããñ ‡ãñŠ¶³ãè¾ã ÔãÀ‡ãŠãÀ ́ ãÀã ƒÔã ãä¶ããä½ã§ãÀã•ã¹ã¨ã ½ãò ‚ããä£ãÔãîãäÞã¦ã ‡ãŠãè ØãƒÃ Öõ, ãä¶ã¾ããÃ¦ã ¾ãã ‚ãã¾ãã¦ã ‡ãñŠ ¹ãÆ¾ããñ•ã¶ããò ‡ãñŠ ãäÊã† „Ôã‡ãñŠ ́ ãÀã ãäª† Øã† „£ããÀãò‚ããõÀ ‚ããäØãÆ½ã £ã¶ããò ‡ãŠãè ¹ãì¶ããäÌãÃ§ã¹ãîãä¦ãÃ ‡ãñŠ Â¹ã ½ãò „£ããÀ ‚ããõÀ ‚ããäØãÆ½ã £ã¶ã ªñ¶ãã ;

(Œã) ãä¶ã¾ããÃ¦ã ¾ãã ‚ãã¾ãã¦ã ½ãò ÊãØããè ãä‡ãŠÔããè ‡ãŠ½¹ã¶ããè ‡ãñŠ Ô›ã‡ãŠãò, Íãñ¾ãÀãò, ºãâ£ã¹ã¨ããò ¾ãã ãä¡ºãñ¶ÞãÀãò ‡ãŠãè ¹ãìÀãñ£ãðãä¦ã ‡ãŠãèÖã½ããèªãÀãè ‡ãŠÀ¶ãã;

(Øã) ¼ããÀ¦ã ½ãò ¾ãã „Ôã‡ãñŠ ºããÖÀ ‚ã¹ã¶ãñ ́ ãÀã ¾ãã ¼ããÀ¦ã ½ãò ¾ãã „Ôã‡ãñŠ ºããÖÀ ãä‡ãŠÔããè ÔãÀ‡ãŠãÀ, ºãö‡ãŠ ¾ãã ãäÌã§ããè¾ã ÔãâÔ©ãã‡ãñŠ Ôãã©ã, Ôãã¢ãñªãÀãè ½ãò ‡ãŠãñƒÃ ºããñÊããè-ºã¶£ã¹ã¨ã ¾ãã ¹ãÆ¦¾ãã¼ãîãä¦ã •ããÀãè ‡ãŠÀ¶ãã ;

(Üã) ãä¶ã¾ããÃ¦ã ¾ãã ‚ãã¾ãã¦ã Ôãñ Ôãâºãâãä£ã¦ã ÔãâÌ¾ãÌãÖãÀãò Ôãñ „ªá¼ãî¦ã ãäÌããä¶ã½ã¾ã¹ã¨ããò ¾ãã ÌãÞã¶ã¹ã¨ããò ‡ãŠã ¼ããÀ¦ã ½ãò ¾ãã „Ôã‡ãñŠºããÖÀ ¹ãÆãä¦ãØãÆÖ¥ã, ÔãâØãÆÖ¥ã, ãä½ããä¦ã‡ãŠã›ñ ¹ãÀ ¼ãìØã¦ãã¶ã, ¹ãì¶ã: ãä½ããä¦ã‡ãŠã›ñ ¹ãÀ ¼ãìØã¦ãã¶ã, ‰ãŠ¾ã, ãäÌã‰ãŠ¾ã ¾ãã¹ãÀ‰ãŠã½ã¥ã ‡ãŠÀ¶ãã ‚ããõÀ †ñÔãñ ãäÌããä¶ã½ã¾ã ¹ã¨ããò ¾ãã ÌãÞã¶ã¹ã¨ããò ‡ãñŠ ¹ãÆãä¦ã ¼ããÀ¦ã ½ãò ¾ãã „Ôã‡ãñŠ ºããÖÀ „£ããÀ ‚ããõÀ ‚ããäØãÆ½ã£ã¶ã ªñ¶ãã;

(Ý) ¹ãÆ¦¾ã¾ã¹ã¨ããò ‡ãŠã ‚ã¶ãìªã¶ã, ŒããñÊã¶ãã, •ããÀãè ‡ãŠÀ¶ãã, ¹ãìãäÓ› ‡ãŠÀ¶ãã ¾ãã ¹ãðÓŸãâ‡ãŠ¶ã ‡ãŠÀ¶ãã ‚ããõÀ „¶ã‡ãñŠ ‚ã£ããè¶ããäÊãŒãñ Øã† ãäºãÊããò ‚ããõÀ ‚ã¶¾ã ªÔ¦ããÌãñ•ããò ‡ãŠã ¹ãÀã‰ãŠ½ã¥ã ¾ãã ÔãâØãÆÖ¥ã ;

(Þã) ãä¶ã¾ããÃ¦ã ¾ãã ‚ãã¾ãã¦ã ‡ãñŠ ¹ãÆ¾ããñ•ã¶ããò ‡ãñŠ ãäÊã† ÔãÀ‡ãŠãÀ ‚ããõÀ ÔãÀ‡ãŠãÀ ‡ãñŠ ºããèÞã ‡ãñŠ ‚ããõÀ Ìãããä¥ããä•¾ã‡ãŠ „£ããÀ ‡ãñŠÔã½ãìÞÞã¾ã ‡ãŠãñ ‚ã¶¦ãÌãÃãäÊã¦ã ‡ãŠÀ¶ãñÌããÊãã ‡ãŠãñƒÃ ÔãâÌ¾ãÌãÖãÀ Öã©ã ½ãò Êãñ¶ãã;

‚ã£¾ãã¾ã IV


6


(g) granting lines of credit to the government of any foreign State or anyfinancial institution or person outside India for purposes of export or import;

(h) granting loans and advances outside India for any Indian joint venture;

(i) granting loans and advances to any person in India in connection with hisequity contribution in any joint venture in any country outside India;

(j) financing export or import of machinery and equipment on lease basis;

(k) subscribing to, or investing in, or purchasing of, stocks, shares, bonds ordebentures of any development bank or Export-Import Bank of any countryoutside India;

(l) buying or selling of, or entering into such other dealings in, foreignexchange, as may be necessary for the discharge of its functions;

(m) opening of any account in any bank in or outside India or the making of anyagency arrangement with, or acting as an agent or correspondent of, any bankor other institution in or outside India;

(n) transferring, for consideration, any instrument relating to loans and advancesgranted by it;

(o) issuing participation certificates;

(p) subscribing to, or investing in, or purchasing of stocks, shares, bonds ordebentures to the extent necessary for the enforcement of a lien, pledge orother contractual right;

(q) undertaking and financing of research, surveys, techno-economic or anyother study in connection with the promotion and development of internationaltrade;

(r) providing technical, administrative and financial assistance of any kind forexport or import;

(s) planning, promoting, developing and financing export-oriented concerns;

(t) forming or conducting subsidiaries for carrying out its functions;

(u) acting as agent of the Central Government, any State Government, theReserve Bank, the Development Bank or any other person as the CentralGovernment may authorise;

(v) collecting, compiling and disseminating market and credit information inrespect of international trade;

7


(œ) ãä¶ã¾ããÃ¦ã ¾ãã ‚ãã¾ãã¦ã ‡ãñŠ ¹ãÆ¾ããñ•ã¶ããò ‡ãñŠ ãäÊã† ãä‡ãŠÔããè ãäÌãªñÍããè Àã•¾ã ‡ãŠãè ÔãÀ‡ãŠãÀ ‡ãŠãñ ¾ãã ¼ããÀ¦ã ‡ãñŠ ºããÖÀ ãä‡ãŠÔããè ãäÌã§ããè¾ãÔãâÔ©ãã ¾ãã Ì¾ããä‡ã‹¦ã ‡ãŠãñ ¹ãÆ¦¾ã¾ã ‡ãŠãè Ôããè½ãã ºããâ£ã¶ãã;

(•ã) ãä‡ãŠÔããè ¼ããÀ¦ããè¾ã Ôãâ¾ãì‡ã‹¦ã „²ã½ã ‡ãñŠ ãäÊã† ¼ããÀ¦ã ‡ãñŠ ºããÖÀ „£ããÀ ‚ããõÀ ‚ããäØãÆ½ã £ã¶ã ªñØãã ;

(¢ã) ¼ããÀ¦ã ‡ãñŠ ºããÖÀ ãä‡ãŠÔããè ªñÍã ½ãò ãä‡ãŠÔããè Ôãâ¾ãì‡ã‹¦ã „²ã½ã ½ãò ‚ã¹ã¶ãñ Ôãã£ããÀ¥ã ‚ããä¼ãªã¾ã ‡ãñŠ Ôãâºãâ£ã ½ãò ¼ããÀ¦ã ‡ãñŠ ãä‡ãŠÔããèÌ¾ããä‡ã‹¦ã ‡ãŠãñ „£ããÀ ‚ããõÀ ‚ããäØãÆ½ã £ã¶ã ªñ¶ãã ;

(šã) ¹ã›á›ñ ‡ãñŠ ‚ãã£ããÀ ¹ãÀ ½ãÍããè¶ãÀãè ‚ããõÀ „¹ãÔ‡ãŠÀãò ‡ãñŠ ãä¶ã¾ããÃ¦ã ¾ãã ‚ãã¾ãã¦ã ‡ãŠã ãäÌã§ã¹ããñÓã¥ã ‡ãŠÀ¶ãã ;

(›) ¼ããÀ¦ã ‡ãñŠ ºããÖÀ ãä‡ãŠÔããè ªñÍã ‡ãñŠ ãä‡ãŠÔããè ãäÌã‡ãŠãÔã ºãö‡ãŠ ¾ãã ãä¶ã¾ããÃ¦ã-‚ãã¾ãã¦ã ºãö‡ãŠ ‡ãñŠ Ô›ã‡ãŠãò, Íãñ¾ãÀãò, ºã¶£ã¹ã¨ããò¾ãã ãä¡ºãòÞãÀãò ½ãò ‚ããä¼ãªã¾ã ¾ãã ãäÌããä¶ã£ãã¶ã ‡ãŠÀ¶ãã ¾ãã „¶ã‡ãŠã ‰ãŠ¾ã ‡ãŠÀ¶ãã ;

(Ÿ) ãäÌãªñÍããè ½ãì³ã ‡ãŠã ‰ãŠ¾ã ¾ãã ãäÌã‰ãŠ¾ã ‡ãŠÀ¶ãã ¾ãã „Ôã½ãò †ñÔãñ ‚ã¶¾ã ‡ãŠãÀºããÀ ‡ãŠÀ¶ãã •ããñ „Ôã‡ãñŠ ‡ãðŠ¦¾ããò ‡ãñŠ ãä¶ãÌãÃÖ¶ã‡ãñŠ ãäÊã† ‚ããÌãÍ¾ã‡ãŠ Öãò ;

(¡) ¼ããÀ¦ã ½ãò ¾ãã „Ôã‡ãñŠ ºããÖÀ ‡ãñŠ ãä‡ãŠÔããè ºãö‡ãŠ ½ãò ‡ãŠãñƒÃ Œãã¦ãã ŒããñÊã¶ãã ¾ãã ¼ããÀ¦ã ½ãò ¾ãã „Ôã‡ãñŠ ºããÖÀ ‡ãñŠ ãä‡ãŠÔããè ºãö‡ãŠ¾ãã ‚ã¶¾ã ÔãâÔ©ãã ‡ãñŠ Ôãã©ã ãä‡ãŠÔããè ‚ããä¼ã‡ãŠÀ¥ã ‡ãŠãè Ì¾ãÌãÔ©ãã ‡ãŠÀ¶ãã ¾ãã „Ôã‡ãñŠ ‚ããä¼ã‡ãŠ¦ããÃ ¾ãã ¹ãÆãä¦ãÔ©ãã¶ããè ‡ãñŠ Â¹ã½ãò ‡ãŠã¾ãÃ ‡ãŠÀ¶ãã ;

(¤) ‚ã¹ã¶ãñ ´ãÀã ãäª† Øã† „£ããÀãò ‚ããõÀ ‚ããäØãÆ½ã £ã¶ããò Ôãñ Ôãâºãâãä£ã¦ã ãä‡ãŠÔããè ãäÊãŒã¦ã ‡ãŠãñ ¹ãÆãä¦ã¹ãŠÊã Êãñ‡ãŠÀ ‚ã¶¦ããäÀ¦ã‡ãŠÀ¶ãã;

(¥ã) Ôãã¢ãñªãÀãè-¹ãÆ½ãã¥ã¹ã¨ã •ããÀãè ‡ãŠÀ¶ãã ;

(¦ã) „Ôã ãäÌãÔ¦ããÀ ¦ã‡ãŠ Ô›ã‡ãŠãò Íãñ¾ãÀãò, ºãâ£ã¹ã¨ããò ¾ãã ãä¡ºãòÞãÀãò ½ãò ‚ããä¼ãªã¾ã ¾ãã ãäÌããä¶ã£ãã¶ã ‡ãŠÀ¶ãã ¾ãã „¶ã‡ãŠã ‰ãŠ¾ã‡ãŠÀ¶ãã •ãÖãâ ¦ã‡ãŠ £ããÀ¥ãããä£ã‡ãŠãÀ, ãäØãÀÌããè ¾ãã ‚ã¶¾ã ÔãâãäÌãªã¦½ã‡ãŠ ‚ããä£ã‡ãŠãÀãò ‡ãñŠ ¹ãÆÌã¦ãÃ¶ã ‡ãñŠ ãäÊã† ‚ããÌãÍ¾ã‡ãŠÖãñ ;

(©ã) ‚ã¶¦ãÀÀãÓ›Èãè¾ã Ì¾ãã¹ããÀ ‡ãñŠ ÔãâÌã£ãÃ¶ã ‚ããõÀ ãäÌã‡ãŠãÔã ‡ãñŠ Ôã½ºã¶£ã ½ãò ‚ã¶ãìÔãâ£ãã¶ã, ÔãÌãóàã¥ã, ¦ã‡ãŠ¶ããè‡ãŠãè-‚ãããä©ãÃ‡ãŠ¾ãã ‚ã¶¾ã ‡ãŠãñƒÃ ‚ã£¾ã¾ã¶ã Öã©ã ½ãò Êãñ¶ãã ‚ããõÀ „Ôã‡ãŠã ãäÌã§ã¹ããñÓã¥ã ‡ãŠÀ¶ãã ;

(ª) ãä¶ã¾ããÃ¦ã ¾ãã ‚ãã¾ãã¦ã ‡ãñŠ ãäÊã† ãä‡ãŠÔããè ¹ãÆ‡ãŠãÀ ‡ãŠãè ¦ã‡ãŠ¶ããè‡ãŠãè, ¹ãÆÍããÔããä¶ã‡ãŠ ‚ããõÀ ãäÌã§ããè¾ã ÔãÖã¾ã¦ãã ‡ãŠã „¹ãºã¶£ã‡ãŠÀ¶ãã ;

(£ã) ãä¶ã¾ããÃ¦ããñ¶½ãìŒããè Ôã½ãì¦©ãã¶ããò ‡ãŠãè ¾ããñ•ã¶ãã ºã¶ãã¶ãã, „¶ã‡ãŠã ÔãâÌã£ãÃ¶ã, ãäÌã‡ãŠãÔã ‚ããõÀ ãäÌã§ã-¹ããñÓã¥ã ‡ãŠÀ¶ãã ;

(¶ã) ‚ã¹ã¶ãñ ‡ãðŠ¦¾ããò ‡ãñŠ ¹ããÊã¶ã ‡ãñŠ ãäÊã† Ôã½ã¶ãìÓãâãäØã¾ããò ‡ãŠãè Ô©ãã¹ã¶ãã ‚ããõÀ „¶ã‡ãŠã ÔãâÞããÊã¶ã ‡ãŠÀ¶ãã ;

(¹ã) ‡ãñŠ¶³ãè¾ã ÔãÀ‡ãŠãÀ, ãä‡ãŠÔããè Àã•¾ã ÔãÀ‡ãŠãÀ, ãäÀû•ãÌãÃ ºãö‡ãŠ, ãäÌã‡ãŠãÔã ºãö‡ãŠ ¾ãã ãä‡ãŠÔããè ‚ã¶¾ã Ì¾ããä‡ã‹¦ã ‡ãñŠ, ãä•ãÔãñ ‡ãñŠ¶³ãè¾ãÔãÀ‡ãŠãÀ ¹ãÆããä£ã‡ãðŠ¦ã ‡ãŠÀñ,‚ããä¼ã‡ãŠ¦ããÃ ‡ãñŠ Â¹ã ½ãò ‡ãŠã¾ãÃ ‡ãŠÀ¶ãã ;

(¹ãŠ) ‚ã¶¦ãÀÀãÓ›Èãè¾ã Ì¾ãã¹ããÀ ‡ãŠãè ºããºã¦ã ºããû•ããÀ ‚ããõÀ ¨ãÉ¥ã Ôã½ºã¶£ããè •ãã¶ã‡ãŠãÀãè ‡ãŠã ÔãâØãÆÖ, Ôãâ‡ãŠÊã¶ã ‚ããõÀ ¹ãÆÔããÀ‡ãŠÀ¶ãã ;

7


(w) doing any other kind of business which the Central Government mayauthorise;

(x) generally doing such other acts and things as may be incidental to, orconsequential upon, the exercise of its powers or the discharge of its dutiesunder this Act or any other law for the time being in force, including sale ortransfer of any of its assets.

(3) The Exim Bank may receive in consideration of any of the services mentioned insub-sections (1) and (2) such commission, brokerage, interest, remuneration orfees as may be agreed upon.

(4) The Exim Bank shall not grant any loan or advance or other financialaccommodation on the security of its own bonds or debentures.

CHAPTER V Resources of the Exim Bank

Loans by Central Government. 11. The Central Government may, after due appropriation made by Parliament bylaw in this behalf, advance to the Exim Bank -

(a) a loan of twenty crores of rupees at a rate of interest of five and a quarter per centper annum repayable in fifteen equal annual instalments, commencing on theexpiry of a period of fifteen years from the date of receipt of the loan; and

(b) such further sums of money by way of loan on such terms and conditions as maybe agreed upon:

Provided that the Central Government may, on a request being made to it by theExim Bank, increase the number of instalments or alter the amount of anyinstalment or vary the date on which any instalment is payable under clause (a).

Borrowings and acceptance 12. (1) The Exim Bank may, for the purposes of carrying out its functions under thisof deposits by Exim Bank. Act, -

(a) issue and sell bonds and debentures with or without the guarantee of theCentral Government;

(b) borrow money from the Reserve Bank –

(i) repayable on demand or on the expiry of fixed periods not exceedingninety days from the date on which the money is so borrowed against thesecurity of stocks, funds and securities (other than immovable property)in which a trustee is authorised to invest trust money by any law for thetime being in force in India;

8


(ºã) ãä‡ãŠÔããè ‚ã¶¾ã ¹ãÆ‡ãŠãÀ ‡ãŠã ‡ãŠãÀºããÀ ‡ãŠÀ¶ãã ãä•ãÔãñ ‡ãñŠ¶³ãè¾ã ÔãÀ‡ãŠãÀ ¹ãÆããä£ã‡ãðŠ¦ã ‡ãŠÀñ ;

(¼ã) Ôãã£ããÀ¥ã¦ã¾ãã, †ñÔãñ ‚ã¶¾ã ‡ãŠã¾ãÃ ¾ãã ºãã¦ãò ‡ãŠÀ¶ãã •ããñ ƒÔã ‚ããä£ããä¶ã¾ã½ã ¾ãã ¦ã¦Ôã½ã¾ã ¹ãÆÌãð§ã ãä‡ãŠÔããè ‚ã¶¾ã ãäÌããä£ã‡ãñŠ ‚ã£ããè¶ã „Ôã‡ãŠãè Íããä‡ã‹¦ã¾ããò ‡ãñŠ ¹ãÆ¾ããñØã ¾ãã „Ôã‡ãñŠ ‡ãŠ¦ãÃÌ¾ããò ‡ãñŠ ãä¶ãÌãÃÖ¶ã ‡ãŠãè ‚ãã¶ãìÓãâãäØã‡ãŠ ¾ãã ¹ããäÀ¥ãããä½ã‡ãŠ Öãòãä•ã¶ã‡ãñŠ ‚ã¶¦ãØãÃ¦ã „Ôã‡ãŠãè ãä‡ãŠ¶Öãé ‚ãããäÔ¦ã¾ããò ‡ãŠã ãäÌã‰ãŠ¾ã ¾ãã ‚ã¶¦ãÀ¥ã Öõý

(3) †ãä‡ã‹û•ã½ã ºãö‡ãŠ „¹ã£ããÀã (1) ‚ããõÀ (2) ½ãò Ìããä¥ãÃ¦ã ÔãñÌãã‚ããò ½ãò Ôãñ ãä‡ãŠÔããè ‡ãñŠ ¹ãÆãä¦ã¹ãŠÊãÔÌãÂ¹ã †ñÔãã ‡ãŠ½ããèÍã¶ã ªÊããÊããè,º¾ãã•ã, ¹ãããäÀÑããä½ã‡ãŠ ¾ãã ¹ãŠãèÔãò Êãñ Ôã‡ãñŠØãã ãä•ãÔã‡ãŠã ‡ãŠÀãÀ Öãñý

(4) †ãä‡ã‹û•ã½ã ºãö‡ãŠ ÔÌã¾ãâ ‚ã¹ã¶ãñ ºã¶£ã¹ã¨ããò ¾ãã ãä¡ºãòÞãÀãò ‡ãŠãè ¹ãÆãä¦ã¼ãîãä¦ã ¹ãÀ ‡ãŠãñƒÃ „£ããÀ ¾ãã ‚ããäØãÆ½ã £ã¶ã ¾ãã ‡ãŠãñƒÃ ‚ã¶¾ã ãäÌã§ããè¾ãÔããõ‡ãŠ¾ãÃ ¹ãÆªã¶ã ¶ãÖãé ‡ãŠÀñØããý

†ãä‡ã‹û•ã½ã ºãö‡ãŠ ‡ãñŠ ÔãâÔãã£ã¶ã

11. ‡ãñŠ¶³ãè¾ã ÔãÀ‡ãŠãÀ, ÔãâÔãªá ´ãÀã ƒÔã ãä¶ããä½ã§ã ãäÌããä£ã ´ãÀã ãä‡ãŠ† Øã† Ôã½¾ã‡ãáŠ ãäÌããä¶ã¾ããñØã ‡ãñŠ ¹ãÍÞãã¦ãá, †ãä‡ã‹û•ã½ã ºãö‡ãŠ ‡ãŠãñ -

(‡ãŠ) ºããèÔã ‡ãŠÀãñü¡ Á¹ã† ‡ãŠã „£ããÀ ÔãÌãã ¹ããâÞã ¹ãÆãä¦ãÍã¦ã ¹ãÆãä¦ãÌãÓãÃ ‡ãŠãè ªÀ Ôãñ º¾ãã•ã ¹ãÀ ªñ Ôã‡ãñŠØããè •ããñ ºãÀãºãÀ ‡ãŠãè ¹ã¶³Ö ÌãããäÓãÃ‡ãŠãä‡ãŠÔ¦ããò ½ãò ¹ãÆãä¦ãÔãâªñ¾ã ÖãñØãã ¾ãñ ãä‡ãŠÍ¦ãò „£ããÀ ‡ãŠãè ¹ãÆããä¹¦ã ‡ãŠãè ¦ããÀãèŒã Ôãñ ¹ã¶³Ö ÌãÓãÃ ‡ãŠãè ‚ãÌããä£ã ‡ãñŠ ‚ãÌãÔãã¶ã ¹ãÀ ¹ãÆãÀ½¼ãÖãòØããè ; ‚ããõÀ

(Œã) „£ããÀ ‡ãñŠ Â¹ã ½ãò †ñÔããè ‚ããä¦ããäÀ‡ã‹¦ã £ã¶ã ÀããäÍã¾ããâ, †ñÔãñ ãä¶ãºãâ£ã¶ããò ‚ããõÀ Íã¦ããô ¹ãÀ ªñ Ôã‡ãñŠØããè, •ããñ ‡ãŠÀãÀ ½ãò ¹ããƒÃ •ãã†â:

¹ãÀ¶¦ãì ‡ãñŠ¶³ãè¾ã ÔãÀ‡ãŠãÀ, †ãä‡ã‹û•ã½ã ºãö‡ãŠ ´ãÀã ‚ã¹ã¶ãñ Ôãñ ‚ã¶ãìÀãñ£ã ãä‡ãŠ† •ãã¶ãñ ¹ãÀ, Œãâ¡ (‡ãŠ) ‡ãñŠ ‚ã£ããè¶ã ãä‡ãŠÔ¦ããò ‡ãŠãèÔãâŒ¾ãã ºãü¤ã Ôã‡ãñŠØããè ¾ãã ãä‡ãŠÔããè ãä‡ãŠÔ¦ã ‡ãŠãè À‡ãŠ½ã ¹ããäÀÌããä¦ãÃ¦ã ‡ãŠÀ Ôã‡ãñŠØããè ¾ãã „Ôã ¦ããÀãèŒã ‡ãŠãñ ºãªÊã Ôã‡ãñŠØããè ãä•ãÔã‡ãŠãñ‡ãŠãñƒÃ ãä‡ãŠÔ¦ã ªñ¾ã Öõý

12. (1) †ãä‡ã‹û•ã½ã ºãö‡ãŠ ƒÔã ‚ããä£ããä¶ã¾ã½ã ‡ãñŠ ‚ã£ããè¶ã ‚ã¹ã¶ãñ ‡ãðŠ¦¾ããò ‡ãŠã ¹ããÊã¶ã ‡ãŠÀ¶ãñ ‡ãñŠ ¹ãÆ¾ããñ•ã¶ããò Ôãñ -

(‡ãŠ) ‡ãñŠ¶³ãè¾ã ÔãÀ‡ãŠãÀ ‡ãŠãè ¹ãÆ¦¾ãã¼ãîãä¦ã ‡ãñŠ ÔããäÖ¦ã ¾ãã „ÔãÔãñ ÀãäÖ¦ã ºã¶£ã¹ã¨ã ‚ããõÀ ãä¡ºãòÞãÀ ¹ãìÀãñ£ãð¦ã ‡ãŠÀ Ôã‡ãñŠØãã,‚ããõÀ „¶ã‡ãŠã ãäÌã‰ãŠ¾ã ‡ãŠÀ Ôã‡ãñŠØãã ;

(Œã) ãäÀû•ãÌãÃ ºãö‡ãŠ Ôãñ -

(i) †ñÔãñ Ô›ã‡ãŠãò, ãä¶ããä£ã¾ããò ‚ããõÀ (Ô©ããÌãÀ Ôã½¹ããä§ã Ôãñ ãä¼ã¸ã) ¹ãÆãä¦ã¼ãîãä¦ã¾ããò ‡ãŠãè ¹ãÆãä¦ã¼ãîãä¦ã ¹ãÀ, ãä•ã¶ã½ãò ¶¾ããÔã-£ã¶ã ãäÌããä¶ããäÖ¦ã ‡ãŠÀ¶ãñ ‡ãñŠ ãäÊã† ‡ãŠãñƒÃ ¶¾ããÔããè ¼ããÀ¦ã ½ãò ¦ã¦Ôã½ã¾ã ¹ãÆÌãð§ã ãä‡ãŠÔããè ãäÌããä£ã ́ ãÀã ‚ããä£ã‡ãðŠ¦ã Öõ,†ñÔãã £ã¶ã „£ããÀ Êãñ Ôã‡ãñŠØãã •ããñ ½ããúØã ãä‡ãŠ¾ãñ •ãã¶ãñ ¹ãÀ ¾ãã ƒÔã ¹ãÆ‡ãŠãÀ £ã¶ã „£ããÀ ãäÊã† •ãã¶ãñ ‡ãŠãè ¦ããÀãèŒãÔãñ ¶ãººãñ ãäª¶ã Ôãñ ‚ã¶ããä£ã‡ãŠ ‡ãŠãè ãä¶ã¾ã¦ã ‚ãÌããä£ã¾ããò ‡ãñŠ ‚ãÌãÔãã¶ã ¹ãÀ ¹ãÆãä¦ãÔãâªñ¾ã Öãñ;

‚ã£¾ãã¾ã V

‡ãñŠ¶³ãè¾ã ÔãÀ‡ãŠãÀ ´ãÀã „£ããÀ ãäª¾ãã •ãã¶ããý

†ãä‡ã‹û•ã ºãö‡ãŠ ´ãÀã „£ããÀ ãäÊã¾ãã •ãã¶ãã ‚ããõÀ

ãä¶ãàãñ¹ããò ‡ãŠã ¹ãÆãä¦ãØãÆÖ¥ãý

8


(ii) against bills of exchange or promissory notes arising out of bonafidecommercial or trade transactions and bearing two or more good signaturesand maturing within five years from the date of the borrowing;

(iii) out of the National Industrial Credit (Long Term Operations) Fundestablished under section 46C of the Reserve Bank of India Act, 1934for any of the purposes specified in that section;

(c) borrow money from such other authority, organisation or institution in Indiaas may generally or specially be approved by the Central Government;

(d) accept deposits repayable after the expiry of a period which shall not be lessthan twelve months from the date of the making of the deposit on such termsas may generally or specially be approved by the Reserve Bank.

(2) The Central Government may, on a request being made to it by the Exim Bank,guarantee the bonds and debentures issued by that Bank as to the repayment ofprincipal and the payment of interest at such rate as may be fixed by thatGovernment.

Loans in foreign currency. 46 of 1973. 13. Notwithstanding anything contained in the Foreign Exchange Regulation Act, 1973 orin any other law for the time being in force relating to foreign exchange, the Exim Bankmay, for the purpose of granting loans and advances under this Act, borrow, with theprevious consent of the Central Government, foreign currency from any foreign Stateor from any bank or financial institution in any foreign country or otherwise.

Grants, donations, etc., 14. The Exim Bank may receive gifts, grants, donations or benefactions fromto Exim Bank. Government or any other source in or outside India.

CHAPTER VI Export Development Fund

Export Development Fund. 15. With effect from such date as the Central Government may, by notification, appoint,the Exim Bank shall establish a special fund to be called the Export Development Fund.

Credits to Export Development Fund. 16. To the Export Development Fund shall be credited -

(a) all amounts received for the purposes of that Fund by way of loans, gifts, grants,donations or benefactions from Government or any other source in or outsideIndia;

(b) repayments or recoveries in respect of loans, advances or other facilities grantedfrom the Fund;

2 of 1934.

9


(ii) †ñÔãñ ãäÌããä¶ã½ã¾ã¹ã¨ããò ¾ãã ÌãÞã¶ã¹ã¨ããò ¹ãÀ £ã¶ã „£ããÀ Êãñ Ôã‡ãñŠØãã •ããñ Ôãªá¼ãããäÌã‡ãŠ Ìãããä¥ããä•¾ã‡ãŠ ¾ãã Ì¾ãã¹ãããäÀ‡ãŠÔãâÌ¾ãÌãÖãÀãò ½ãò ãäÊãŒãñ •ãã†â, ãä•ã¶ã ¹ãÀ ªãñ ¾ãã ‚ããä£ã‡ãŠ ½ãã¶¾ã ÖÔ¦ããàãÀ Öãò ‚ããõÀ •ããñ „£ããÀ ãäÊã† •ãã¶ãñ ‡ãŠãè¦ããÀãèŒã Ôãñ ¹ããúÞã ÌãÓãÃ ‡ãñŠ ¼ããè¦ãÀ ¹ããäÀ¹ã‡ã‹Ìã Öãñ¦ãñ Öãò ;

(iii) ¼ããÀ¦ããè¾ã ãäÀû•ãÌãÃ ºãö‡ãŠ ‚ããä£ããä¶ã¾ã½ã, 1934 ‡ãŠãè £ããÀã 46Øã ‡ãñŠ ‚ã£ããè¶ã Ô©ãããä¹ã¦ã ÀãÓ›Èãè¾ã ‚ããõ²ããñãäØã‡ãŠ¹ãÆ¦¾ã¾ã (ªãèÜãÃ‡ãŠããäÊã‡ãŠ ¹ãÆÌã¦ãÃ¶ã) ãä¶ããä£ã ½ãò Ôãñ, „Ôã £ããÀã ½ãò ãäÌããä¶ããäªÃÓ› ¹ãÆ¾ããñ•ã¶ããò ½ãò Ôãñ ãä‡ãŠÔããè ‡ãñŠ ãäÊã†£ã¶ã „£ããÀ Êãñ Ôã‡ãñŠØãã;

(Øã) ¼ããÀ¦ã ½ãò †ñÔãñ ‚ã¶¾ã ¹ãÆããä£ã‡ãŠÀ¥ã, ÔãâØãŸ¶ã ¾ãã ÔãâÔ©ãã Ôãñ £ã¶ã „£ããÀ Êãñ Ôã‡ãñŠØãã ãä•ãÔãñ ‡ãñŠ¶³ãè¾ã ÔãÀ‡ãŠãÀ,Ôãã£ããÀ¥ã¦ã¾ãã ¾ãã ãäÌãÍãñÓã¦ã¾ãã, ‚ã¶ãì½ããñãäª¦ã ‡ãŠÀñ ;

(Üã) †ñÔããè ‡ãŠãÊããÌããä£ã ‡ãñŠ ‚ãÌãÔãã¶ã ‡ãñŠ ¹ãÍÞãã¦ãá, •ããñ ãä¶ãàãñ¹ã ãä‡ãŠ† •ãã¶ãñ ‡ãŠãè ¦ããÀãèŒã Ôãñ ºããÀÖ ½ããÔã Ôãñ ‡ãŠ½ã ‡ãŠãè ¶ãÖãéÖãñØããè, ãä¶ãºã¶£ã¶ããò ¹ãÀ, •ããñ ãäÀû•ãÌãÃ ºãö‡ãŠ ́ ãÀã, Ôãã£ããÀ¥ã¦ã¾ãã ¾ãã ãäÌãÍãñÓã¦ã¾ãã, ‚ã¶ãì½ããñãäª¦ã ãä‡ãŠ† •ãã†â, ¹ãÆãä¦ãÔãâªñ¾ããä¶ãàãñ¹ã ¹ãÆãä¦ãØãðÖãè¦ã ‡ãŠÀ Ôã‡ãñŠØããý

(2) ‡ãñŠ¶³ãè¾ã ÔãÀ‡ãŠãÀ, †ãä‡ã‹û•ã½ã ºãö‡ãŠ ́ ãÀã ‚ã¹ã¶ãñ ‚ã¶ãìÀãñ£ã ãä‡ãŠ¾ãñ •ãã¶ãñ ¹ãÀ, „Ôã ºãö‡ãŠ ́ ãÀã ¹ãìÀãñ£ãð¦ã ºã¶£ã¹ã¨ããò ‚ããõÀ ãä¡ºãòÞãÀãò‡ãñŠ ½ãîÊã£ã¶ã ‡ãñŠ ¹ãÆãä¦ãÔãâªã¾ã ‚ããõÀ †ñÔããè ªÀ Ôãñ, •ããñ ‡ãñŠ¶³ãè¾ã ÔãÀ‡ãŠãÀ ãä¶ã¾ã¦ã ‡ãŠÀñ, º¾ãã•ã ‡ãñŠ Ôãâªã¾ã ‡ãŠãè ºããºã¦ã ¹ãÆ¦¾ãã¼ãîãä¦ã‡ãŠÀ Ôã‡ãñŠØããèý

13. ãäÌãªñÍããè ½ãì³ã ãäÌããä¶ã¾ã½ã¶ã ‚ããä£ããä¶ã¾ã½ã, 1973 ½ãò ¾ãã ãäÌãªñÍããè ½ãì³ã Ôãñ Ôã½ºã® ¦ã¦Ôã½ã¾ã ¹ãÆÌãð§ã ãä‡ãŠÔããè ‚ã¶¾ã ‚ããä£ããä¶ã¾ããä½ããä¦ã ½ãòãä‡ãŠÔããè ºãã¦ã ‡ãñŠ Öãñ¦ãñ Öì† ¼ããè †ãä‡ã‹û•ã½ã ºãö‡ãŠ, ƒÔã ‚ããä£ããä¶ã¾ã½ã ‡ãñŠ ‚ã£ããè¶ã „£ããÀ ‚ããõÀ ‚ããäØãÆ½ã £ã¶ã ªñ¶ãñ ‡ãñŠ ¹ãÆ¾ããñ•ã¶ãã©ãÃ, ‡ãñŠ¶³ãè¾ãÔãÀ‡ãŠãÀ ‡ãŠãè ¹ãîÌãÃ Ôã½½ããä¦ã Ôãñ ãä‡ãŠÔããè ãäÌãªñÍããè Àã•¾ã ¾ãã ãä‡ãŠÔããè ãäÌãªñÍã ½ãò ‡ãñŠ ãä‡ãŠÔããè ºãö‡ãŠ ¾ãã ãäÌã§ããè¾ã ÔãâÔ©ãã Ôãñ ¾ãã ‚ã¶¾ã©ãã, ãäÌãªñÍããè‡ãŠÀòÔããè „£ããÀ Êãñ Ôã‡ãñŠØããý

14. †ãä‡ã‹û•ã½ã ºãö‡ãŠ ¼ããÀ¦ã ½ãò ¾ãã „Ôã‡ãñŠ ºããÖÀ ÔãÀ‡ãŠãÀ ¾ãã ãä‡ãŠÔããè ‚ã¶¾ã Ô¨ããñ¦ã Ôãñ ªã¶ã, ‚ã¶ãìªã¶ã, Ôãâªã¶ã ¾ãã „¹ã‡ãðŠãä¦ã ¹ãÆã¹¦ã ‡ãŠÀ Ôã‡ãñŠØããý

ãä¶ã¾ããÃ¦ã ãäÌã‡ãŠãÔã ãä¶ããä£ã

15. †ãä‡ã‹û•ã½ã ºãö‡ãŠ †ñÔããè ¦ããÀãèŒã Ôãñ, •ããñ ‡ãñŠ¶³ãè¾ã ÔãÀ‡ãŠãÀ ‚ããä£ãÔãîÞã¶ãã ́ ãÀã ãä¶ã¾ã¦ã ‡ãŠÀñ †‡ãŠ ãäÌãÍãñÓã ãä¶ããä£ã Ô©ãããä¹ã¦ã ‡ãŠÀñØãã ãä•ãÔã‡ãŠã¶ãã½ã ãä¶ã¾ããÃ¦ã ãäÌã‡ãŠãÔã ãä¶ããä£ã ÖãñØããý

16. ãä¶ã¾ããÃ¦ã ãäÌã‡ãŠãÔã ãä¶ããä£ã ½ãò ãä¶ã½¶ããäÊããäŒã¦ã •ã½ãã ãä‡ãŠ† •ãã†âØãñ -

(‡ãŠ) „Ôã ãä¶ããä£ã ‡ãñŠ ¹ãÆ¾ããñ•ã¶ãã©ãÃ ¼ããÀ¦ã ½ãò ¾ãã „Ôã‡ãñŠ ºããÖÀ ÔãÀ‡ãŠãÀ Ôãñ ¾ãã ãä‡ãŠÔããè ‚ã¶¾ã Ô¨ããñ¦ã Ôãñ „£ããÀ, ªã¶ã, ‚ã¶ãìªã¶ã,Ôãâªã¶ã ¾ãã „¹ã‡ãðŠãä¦ã ‡ãñŠ Â¹ã ½ãò ¹ãÆã¹¦ã Ôã¼ããè À‡ãŠ½ãò;

(Œã) „Ôã ãä¶ããä£ã Ôãñ ãäª† Øã† „£ããÀãò, ‚ããäØãÆ½ã £ã¶ããò ¾ãã ‚ã¶¾ã ÔãìãäÌã£ãã‚ããò ‡ãñŠ ºããÀñ ½ãò ¹ãÆãä¦ãÔãâªã¾ã ¾ãã ÌãÔãîãäÊã¾ããú;

ãä¶ã¾ããÃ¦ã ãäÌã‡ãŠãÔã ãä¶ããä£ã ½ãò •ã½ãã ãä‡ãŠ¾ãã •ãã¶ããý

1934 ‡ãŠã 2

ãäÌãªñÍããè ‡ãŠÀòÔããè ‡ãŠã „£ããÀý 1973 ‡ãŠã 46

†ãä‡ã‹û•ã½ã ºãö‡ãŠ ‡ãŠãñ ‚ã¶ãìªã¶ã,

Ôãâªã¶ã ‚ãããäªý

‚ã£¾ãã¾ã VI

ãä¶ã¾ããÃ¦ã ãäÌã‡ãŠãÔã ãä¶ããä£ãý

9


(c) income or profits from investments made from the Fund; and

(d) income accruing or arising to the Fund by way of interest or otherwise, onaccount of the application of the Fund in accordance with the provisions ofsection 17.

Utilisation of Export 17. (1) Where the Exim Bank considers it necessary or desirable so to do, it may,Development Fund. subject to the provisions of sub-sections (2) and (3), disburse or spend from the

Export Development Fund any amount on account or in consequence of the grantof any loan or advance, or on account or in consequence of entering into anyarrangement under sub-section (1) or clause (b) or clause (c) or clause (d) orclause (q) or clause (r) or clause (s) or clause (w) or clause (x) of sub-section (2)of section 10:

Provided that before granting any such loan or advance or entering into any sucharrangement, the Exim Bank shall obtain the prior approval of the CentralGovernment.

(2) Before seeking the approval of the Central Government under sub-section (1), theExim Bank shall satisfy itself that banking or other financial institutions or otheragencies are not likely to grant such loan or advance, or to enter into any sucharrangement in the ordinary course of business.

(3) The Central Government shall, before giving its approval, satisfy itself that suchloan, advance or arrangement is necessary as a matter of priority in the interestsof the international trade of the country.

(4) For the removal of doubts, it is hereby declared that nothing contained in thissection shall be deemed to preclude the Exim Bank from granting any loan oradvance or from entering into any arrangement under sub-section (1) or clause (b)or clause (c) or clause (d) or clause (q) or clause (r) or clause (s) or clause (w) orclause (x) of sub-section (2) of section 10 without the approval of the CentralGovernment, if no amount in respect thereof is to be disbursed or spent from theExport Development Fund.

Debits to Export 18. (1) To the Export Development Fund shall be debited -Development Fund.

(a) such amounts as may from time to time be disbursed or spent under sub-section (1) of section 17;

(b) such amounts as may be required for discharging the liabilities in respect ofloans received for the purposes of that Fund;

(c) any loss arising on account of investment made out of that Fund; and

(d) such expenditure arising out of, or in connection with, the administration andapplication of the Fund as may be determined by the Board.

10


(Øã) „Ôã ãä¶ããä£ã ½ãò Ôãñ ãä‡ãŠ† Øã† ãäÌããä¶ã£ãã¶ããò Ôãñ Öãñ¶ãñÌããÊããè ‚ãã¾ã ¾ãã Êãã¼ã ; ‚ããõÀ

(Üã) £ããÀã 17 ‡ãñŠ „¹ãºã¶£ããò ‡ãñŠ ‚ã¶ãìÔããÀ „Ôã ãä¶ããä£ã ‡ãñŠ „¹ã¾ããñ•ã¶ã Ôãñ º¾ãã•ã ‡ãñŠ Â¹ã ½ãò ¾ãã ‚ã¶¾ã©ãã ¹ãÆãñªá¼ãî¦ã ¾ãã „ªá¼ãî¦ã

Öãñ¶ãñÌããÊããè ‚ãã¾ãý

17. (1) •ãÖãâ †ãä‡ã‹û•ã½ã ºãö‡ãŠ †ñÔãã ‡ãŠÀ¶ãã ‚ããÌãÍ¾ã‡ãŠ ¾ãã Ìããâœ¶ããè¾ã Ôã½ã¢ãñ ÌãÖãâ ÌãÖ „¹ã£ããÀã (2) ‚ããõÀ (3) ‡ãñŠ „¹ãºã¶£ããò ‡ãñŠ ‚ã£ããè¶ã

ÀÖ¦ãñ Öì†, ãä¶ã¾ããÃ¦ã ãäÌã‡ãŠãÔã ãä¶ããä£ã ½ãò Ôãñ £ããÀã 10 ‡ãŠãè „¹ã-£ããÀã (1) ¾ãã „¹ã-£ããÀã (2) ‡ãñŠ Œãâ¡ (Œã) ¾ãã Œãâ¡ (Øã)

¾ãã Œãâ¡ (Üã) ¾ãã Œãâ¡ (©ã) ¾ãã Œãâ¡ (ª) ¾ãã Œãâ¡ (£ã) ¾ãã Œãâ¡ (ºã) ¾ãã Œãâ¡ (¼ã) ‡ãñŠ ‚ã£ããè¶ã ãä‡ãŠÔããè „£ããÀ ¾ãã ‚ããäØãÆ½ã

‡ãñŠ ‚ã¶ãìªã¶ã ½ãªáªñ ¾ãã „Ôã‡ãñŠ ¹ãŠÊãÔÌãÂ¹ã ‚ã©ãÌãã „Ôã‡ãñŠ ‚ã£ããè¶ã ‡ãŠãñƒÃ ŸÖÀãÌã ‡ãŠÀ¶ãñ ‡ãñŠ ½ãªáªñ ¾ãã „Ôã‡ãñŠ ¹ãŠÊãÔÌãÂ¹ã

‡ãŠãñƒÃ À‡ãŠ½ã ãä¶ã¾ããÃ¦ã ãäÌã‡ãŠãÔã ãä¶ããä£ã ½ãò Ôãñ ÔãâãäÌã¦ããäÀ¦ã ¾ãã Ì¾ã¾ã ‡ãŠÀ Ôã‡ãñŠØãã :

¹ãÀ¶¦ãì †ãä‡ã‹û•ã½ã ºãö‡ãŠ †ñÔãã „£ããÀ ¾ãã ‚ããäØãÆ½ã ªñ¶ãñ ¾ãã ‡ãŠãñƒÃ †ñÔãã ŸÖÀãÌã ‡ãŠÀ¶ãñ Ôãñ ¹ãÖÊãñ ‡ãñŠ¶³ãè¾ã ÔãÀ‡ãŠãÀ ‡ãŠã ¹ãîÌããÃ¶ãì½ããñª¶ã

‚ããä¼ã¹ãÆã¹¦ã ‡ãŠÀñØããý

(2) „¹ã-£ããÀã (1) ‡ãñŠ ‚ã£ããè¶ã ‡ãñŠ¶³ãè¾ã ÔãÀ‡ãŠãÀ ‡ãŠã ‚ã¶ãì½ããñª¶ã ½ããâØã¶ãñ ‡ãñŠ ¹ãÖÊãñ †ãä‡ã‹û•ã½ã ºãö‡ãŠ ƒÔã ºããÀñ ½ãò ‚ã¹ã¶ãã Ôã½ãã£ãã¶ã

‡ãŠÀ ÊãñØãã ãä‡ãŠ ¾ãÖ Ôã½¼ããÌã¶ãã ¶ãÖãé Öõ ãä‡ãŠ ºãö‡ãŠ‡ãŠãÀãè ¾ãã ‚ã¶¾ã ãäÌã§ããè¾ã ÔãâÔ©ãã†â ¾ãã ‚ã¶¾ã ‚ããä¼ã‡ãŠÀ¥ã ‚ã¹ã¶ãñ ‡ãŠãÀºããÀ ‡ãñŠ

½ãã½ãîÊããè ‚ã¶ãì‰ãŠ½ã ½ãò †ñÔãã „£ããÀ ¾ãã ‚ããäØãÆ½ã ªòØãñ ‚ã©ãÌãã ‡ãŠãñƒÃ †ñÔãã ŸÖÀãÌã ‡ãŠÀòØãñý

(3) ‡ãñŠ¶³ãè¾ã ÔãÀ‡ãŠãÀ ‚ã¹ã¶ãã ‚ã¶ãì½ããñª¶ã ªñ¶ãñ ‡ãñŠ ¹ãÖÊãñ ƒÔã ºããÀñ ½ãò ‚ã¹ã¶ãã Ôã½ãã£ãã¶ã ‡ãŠÀ ÊãñØããè ãä‡ãŠ †ñÔãã „£ããÀ ¾ãã ‚ããäØãÆ½ã

£ã¶ã ¾ãã Ì¾ãÌãÔ©ãã ªñÍã ‡ãñŠ ‚ã¶¦ãÀÀãÓ›Èãè¾ã Ì¾ãã¹ããÀ ‡ãñŠ ãäÖ¦ã ½ãò, ¹ãîãäÌãÃ‡ãŠ¦ãã ‡ãñŠ ‚ãã£ããÀ ¹ãÀ ‚ããÌãÍ¾ã‡ãŠ Öõý

(4) Íãâ‡ãŠã‚ããò ‡ãñŠ ãä¶ãÀã‡ãŠÀ¥ã ‡ãñŠ ãäÊã† ƒÔã‡ãñŠ ´ãÀã ¾ãÖ ÜããñãäÓã¦ã ãä‡ãŠ¾ãã •ãã¦ãã Öõ ãä‡ãŠ ƒÔã £ããÀã ‡ãŠãè ãä‡ãŠÔããè ¼ããè ºãã¦ã Ôãñ ¾ãÖ ¶ãÖãé

Ôã½ã¢ãã •ãã†Øãã ãä‡ãŠ ÌãÖ †ãä‡ã‹û•ã½ã ºãö‡ãŠ ‡ãŠãñ, ‡ãñŠ¶³ãè¾ã ÔãÀ‡ãŠãÀ ‡ãñŠ ‚ã¶ãì½ããñª¶ã ‡ãñŠ ãäºã¶ãã, £ããÀã 10 ‡ãŠãè „¹ã£ããÀã (1) ¾ãã

„¹ã-£ããÀã (2) ‡ãñŠ Œã¥¡ (Œã) ¾ãã Œãâ¡ (Øã) ¾ãã Œã¥¡ (Üã) ¾ãã Œãâ¡ (©ã) ¾ãã Œãâ¡ (ª) ¾ãã Œãâ¡ (£ã) ¾ãã Œãâ¡ (ºã)

¾ãã Œãâ¡ (¼ã) ‡ãñŠ ‚ã£ããè¶ã ‡ãŠãñƒÃ „£ããÀ ¾ãã ‚ããäØãÆ½ã ªñ¶ãñ ¾ãã ‡ãŠãñƒÃ ŸÖÀãÌã ‡ãŠÀ¶ãñ Ôãñ „Ôã ªÍãã ½ãò ¹ãÆÌãããäÀ¦ã ‡ãŠÀ¦ããè Öõ •ãºããä‡ãŠ

„Ôã‡ãñŠ ºããÀñ ½ãò ‡ãŠãñƒÃ À‡ãŠ½ã ãä¶ã¾ããÃ¦ã ãäÌã‡ãŠãÔã ãä¶ããä£ã Ôãñ ÔãâãäÌã¦ããäÀ¦ã ¾ãã Ì¾ã¾ã ¶ãÖãé ‡ãŠãè •ãã¶ããè Öõý

18. (1) ãä¶ã¾ããÃ¦ã ãäÌã‡ãŠãÔã ãä¶ããä£ã ‡ãñŠ ¹ãÆãä¦ã ãä¶ã½¶ããäÊããäŒã¦ã ‡ãŠã ãäÌã‡ãŠÊã¶ã ãä‡ãŠ¾ãã •ãã†Øãã, ‚ã©ããÃ¦ãá :-

(‡ãŠ) †ñÔããè À‡ãŠ½ãò •ããñ £ããÀã 17 ‡ãŠãè „¹ã£ããÀã (1) ‡ãñŠ ‚ã£ããè¶ã Ôã½ã¾ã-Ôã½ã¾ã ¹ãÀ ÔãâãäÌã¦ããäÀ¦ã ¾ãã Ì¾ã¾ã ‡ãŠãè •ãã†â;

(Œã) †ñÔããè À‡ãŠ½ãò •ããñ „Ôã ãä¶ããä£ã ‡ãñŠ ¹ãÆ¾ããñ•ã¶ããò ‡ãñŠ ãäÊã† ¹ãÆã¹¦ã „£ããÀãò Ôãñ Ôã½ºããä¶£ã¦ã ªããä¾ã¦Ìããò ‡ãñŠ ãä¶ãÌãÃÖ¶ã ‡ãñŠ ãäÊã†

‚ã¹ãñãäàã¦ã Öãò;

(Øã) „Ôã ãä¶ããä£ã ½ãò Ôãñ ãä‡ãŠ† Øã† ãäÌããä¶ã£ãã¶ã ‡ãñŠ ‡ãŠãÀ¥ã „ªá¼ãî¦ã Öãñ¶ãñ ÌããÊããè ‡ãŠãñƒÃ Öããä¶ã; ‚ããõÀ

(Üã) ãä¶ããä£ã ‡ãñŠ ¹ãÆÍããÔã¶ã ‚ããõÀ „¹ã¾ããñ•ã¶ã Ôãñ ¾ãã „¶ã‡ãñŠ Ôã½ºã¶£ã ½ãò „ªá¼ãî¦ã Öãñ¶ãñ ÌããÊãã †ñÔãã Ì¾ã¾ã, •ããñ ºããñ¡Ã ´ãÀã

‚ãÌã£ãããäÀ¦ã ãä‡ãŠ¾ãã •ãã†ý

ãä¶ã¾ããÃ¦ã ãäÌã‡ãŠãÔã ãä¶ããä£ã ‡ãŠã „¹ã¾ããñØã

ãä¶ã¾ããÃ¦ã ãäÌã‡ãŠãÔã ãä¶ããä£ã ‡ãñŠ ¹ãÆãä¦ã ãäÌã‡ãŠÊã¶ãý

10


(2) No amount shall be debited to the Export Development Fund except as providedfor in sub-section (1).

Accounts and audit of 19. (1) The balance-sheet and accounts of the Export Development Fund shall beExport Development Fund. prepared in such form and manner as may be prescribed.

(2) The Board shall cause the books and accounts of the Export Development Fundto be closed and balanced as on the 31st day of December or such other date ineach year as the Central Government may, by notification in the Official Gazette,specify.

Provided that with a view to facilitating the transition from one period ofaccounting to another period of accounting under this sub-section, the CentralGovernment may, by order published in the Official Gazette, make such provisionsas it considers necessary or expedient for the closing and balancing of, or for othermatters relating to, the books or accounts in respect of the concerned years.

(3) The Export Development Fund shall be audited by one or more auditorsappointed by the Central Government under section 24 who shall make a separatereport thereon.

(4) The provisions of sub-sections (2), (3), (4) and (6) of section 24 shall, so far asmay be, apply in relation to the audit of the Export Development Fund.

(5) The Exim Bank shall furnish to the Central Government, within four months fromthe date on which the accounts of the Export Development Fund are closed andbalanced, a copy of the balance-sheet and accounts together with a copy of theauditors’ report and a report on the operation of the Fund during the relevant yearand the Central Government shall, as soon as may be after they are received byit, cause the same to be laid before each House of Parliament.

Liquidation of Export 20. The Export Development Fund shall not be closed or wound up save by orderDevelopment Fund. of the Central Government and in such manner as that Government may direct.

CHAPTER VII General Fund, Accounts and Audit

General Fund. 21. All receipts of the Exim Bank other than those which are to be credited to the ExportDevelopment Fund under this Act shall be credited to a Fund to be called the GeneralFund and all payments by the Exim Bank, other than those which are to be debited tothe Export Development Fund, shall be made out of the General Fund.

11


(2) „¹ã-£ããÀã (1) ½ãò •ãõÔãã „¹ãºããä¶£ã¦ã Öõ „¶ã‡ãñŠ ãäÔãÌãã¾ã ‡ãŠãñƒÃ À‡ãŠ½ã ãä¶ã¾ããÃ¦ã ãäÌã‡ãŠãÔã ãä¶ããä£ã ‡ãñŠ ¹ãÆãä¦ã ãäÌã‡ãŠãäÊã¦ã

¶ãÖãé ‡ãŠãè •ãã†Øããèý

19. (1) ãä¶ã¾ããÃ¦ã ãäÌã‡ãŠãÔã ãä¶ããä£ã ‡ãŠã ¦ãìÊã¶ã¹ã¨ã ‚ããõÀ ÊãñŒãã †ñÔãñ ¹ãÆÂ¹ã ½ãò ‚ããõÀ †ñÔããè Àãèãä¦ã Ôãñ ¦ãõ¾ããÀ ãä‡ãŠ¾ãã •ãã†Øãã •ããñ ãäÌããäÖ¦ã ‡ãŠãè

•ãã†ý

(2) ºããñ¡Ã ãä¶ã¾ããÃ¦ã ãäÌã‡ãŠãÔã ãä¶ããä£ã ‡ãŠãè ºããäÖ¾ããò ‚ããõÀ ÊãñŒãã ‡ãŠãñ ¹ãÆãä¦ãÌãÓãÃ 31 ãäªÔã½ºãÀ ‡ãŠãñ ¾ãã †ñÔããè ‚ã¶¾ã ¦ããÀãèŒã ‡ãŠãñ •ããñ ‡ãñŠ¶³ãè¾ã

ÔãÀ‡ãŠãÀ Àã•ã¹ã¨ã ½ãò ‚ããä£ãÔãîÞã¶ãã ªáÌããÀã ãäÌããä¶ããäªÃÓ› ‡ãŠÀñ, ‡ãŠãñ ºãâª ‚ããõÀ Ôãâ¦ãìãäÊã¦ã ‡ãŠÀã†Øããý

¹ãÀâ¦ãì ‡ãñŠ¶³ãè¾ã ÔãÀ‡ãŠãÀ, ƒÔã „¹ã-£ããÀã ‡ãñŠ ‚ã£ããè¶ã, †‡ãŠ ÊãñŒãã ‚ãÌããä£ã Ôãñ ªîÔãÀãè ÊãñŒãã ‚ãÌããä£ã ‡ãŠãñ Ôãâ‰ãŠ½ã¥ã ‡ãŠãñ Ôãì‡ãŠÀ

ºã¶ãã¶ãñ ‡ãŠãè ÒãäÓ› Ôãñ, Àã•ã¹ã¨ã ½ãò ¹ãÆ‡ãŠããäÍã¦ã ‚ããªñÍã ´ãÀã, †ñÔãñ „¹ãºãâ£ã ‡ãŠÀ Ôã‡ãñŠØããè, •ããñ ÌãÖ Ôãâºãâãä£ã¦ã ÌãÓããô ‡ãŠãè ºããºã¦ã

ºããäÖ¾ããò ¾ãã ÊãñŒãã‚ããò ‡ãŠãñ ºãâª ‚ããõÀ Ôãâ¦ãìãäÊã¦ã ‡ãŠÀ¶ãñ ‡ãñŠ ãäÊã†, ¾ãã „ÔãÔãñ Ôãâºãâãä£ã¦ã ‚ã¶¾ã ãäÌãÓã¾ããò ‡ãñŠ ãäÊã†, ‚ããÌãÍ¾ã‡ãŠ

¾ãã Ôã½ããèÞããè¶ã Ôã½ã¢ã¦ããè Öõý

(3) ãä¶ã¾ããÃ¦ã ãäÌã‡ãŠãÔã ãä¶ããä£ã ‡ãŠãè ÊãñŒãã¹ãÀãèàãã ‡ãñŠ¶³ãè¾ã ÔãÀ‡ãŠãÀ ́ ãÀã £ããÀã 24 ‡ãñŠ ‚ã£ããè¶ã ãä¶ã¾ãì‡ã‹¦ã ãä‡ãŠ† Øã† †‡ãŠ ¾ãã ‚ããä£ã‡ãŠ

ÊãñŒãã¹ãÀãèàã‡ãŠãò ´ãÀã ‡ãŠãè •ãã†Øããè •ããñ „Ôã‡ãŠãè ºããºã¦ã ¹ãð©ã‡ãŠ ãäÀ¹ããñ›Ã ªòØãñý

(4) £ããÀã 24 ‡ãŠãè „¹ã£ããÀã (2) „¹ã-£ããÀã (3), „¹ã-£ããÀã (4) ‚ããõÀ „¹ã-£ããÀã (6) ‡ãñŠ „¹ãºã¶£ã, ¾ããÌã¦ãáÍã‡ã‹¾ã, ãä¶ã¾ããÃ¦ã

ãäÌã‡ãŠãÔã ãä¶ããä£ã ‡ãŠãè ÊãñŒãã¹ãÀãèàãã ‡ãñŠ Ôã½ºã¶£ã ½ãò ÊããØãî ÖãòØãñý

(5) †ãä‡ã‹û•ã½ã ºãö‡ãŠ ¦ãìÊã¶ã¹ã¨ã ¦ã©ãã ÊãñŒãã ‡ãŠãè †‡ãŠ ¹ãÆãä¦ã ‚ããõÀ Ôãã©ã ½ãò ÊãñŒãã¹ãÀãèàã‡ãŠãò ‡ãŠãè ãäÀ¹ããñ›Ã ‡ãŠãè †‡ãŠ ¹ãÆãä¦ã ‚ããõÀ ÔãìÔãâØã¦ã

ÌãÓãÃ ‡ãñŠ ªãõÀã¶ã ãä¶ããä£ã ‡ãŠãè Ôãâãä‰ãŠ¾ãã ‡ãŠãè ºããºã¦ã †‡ãŠ ãäÀ¹ããñ›Ã „Ôã ¦ããÀãèŒã Ôãñ ãä•ãÔã‡ãŠãñ ãä¶ã¾ããÃ¦ã ãäÌã‡ãŠãÔã ãä¶ããä£ã ‡ãŠã ÊãñŒãã ºã¶ª

‚ããõÀ Ôãâ¦ãìãäÊã¦ã ãä‡ãŠ¾ãã •ãã¦ãã Öõ ÞããÀ ½ããÔã ‡ãñŠ ¼ããè¦ãÀ, ‡ãñŠ¶³ãè¾ã ÔãÀ‡ãŠãÀ ‡ãŠãñ ªñØãã ¦ã©ãã ‡ãñŠ¶³ãè¾ã ÔãÀ‡ãŠãÀ ‚ã¹ã¶ãñ ́ ãÀã „¶ã‡ãñŠ

¹ãÆã¹¦ã Öãñ •ãã¶ãñ ‡ãñŠ ¹ãÍÞãã¦ãá ¾ã©ããÍã‡ã‹¾ã ÍããèÜãÆ, „¶Öò ÔãâÔãªá ‡ãñŠ ¹ãÆ¦¾ãñ‡ãŠ Ôãª¶ã ‡ãñŠ Ôã½ãàã ÀŒãÌãã†Øããèý

20. ãä¶ã¾ããÃ¦ã ãäÌã‡ãŠãÔã ãä¶ããä£ã ‡ãŠãñ, ‡ãñŠ¶³ãè¾ã ÔãÀ‡ãŠãÀ ‡ãñŠ ‚ããªñÍã Ôãñ ‚ããõÀ †ñÔããè Àãèãä¦ã Ôãñ Öãè, •ããñ ‡ãñŠ¶³ãè¾ã ÔãÀ‡ãŠãÀ ãä¶ããäªÃÓ› ‡ãŠÀñ, ºãâª ¾ãã

¹ããäÀÔã½ãããä¹ã¦ã ãä‡ãŠ¾ãã •ãã†Øãã ‚ã¶¾ã©ãã ¶ãÖãéý

Ôãã£ããÀ¥ã ãä¶ããä£ã, ÊãñŒãã ‚ããõÀ ÊãñŒãã¹ãÀãèàãã

21. †ãä‡ã‹û•ã½ã ºãö‡ãŠ ‡ãŠãè †ñÔããè Ôã¼ããè ¹ãÆããä¹¦ã¾ããâ •ããñ „¶ãÔãñ ãä¼ã¸ã Öö ãä•ã¶Öò ƒÔã ‚ããä£ããä¶ã¾ã½ã ‡ãñŠ ‚ã£ããè¶ã ãä¶ã¾ããÃ¦ã ãä¶ããä£ã ½ãò •ã½ãã ‡ãŠÀ¶ãã Öõ,

†‡ãŠ ãä¶ããä£ã ½ãò •ã½ãã ‡ãŠãè •ãã†âØããè ãä•ãÔãñ Ôãã£ããÀ¥ã ãä¶ããä£ã ‡ãŠÖã •ãã†Øãã ‚ããõÀ †ãä‡ã‹û•ã½ã ºãö‡ãŠ ªáÌããÀã ãä‡ãŠ† Øã† †ñÔãñ Ôã¼ããè Ôãâªã¾ã, •ããñ

„¶ãÔãñ ãä¼ã¸ã Öö, ãä•ã¶Öò ãä¶ã¾ããÃ¦ã ãäÌã‡ãŠãÔã ãä¶ããä£ã ‡ãñŠ ¹ãÆãä¦ã ãäÌã‡ãŠãäÊã¦ã ãä‡ãŠ¾ãã •ãã¶ãã Öõ, Ôãã£ããÀ¥ã ãä¶ããä£ã ½ãò Ôãñ ãä‡ãŠ† •ãã†âØãñý

ãä¶ã¾ããÃ¦ã ãäÌã‡ãŠãÔã ãä¶ããä£ã ‡ãŠã ÊãñŒãã ‚ããõÀ ÊãñŒãã

¹ãÀãèàããý

ãä¶ã¾ããÃ¦ã ãäÌã‡ãŠãÔã ãä¶ããä£ã ‡ãŠã Ôã½ãã¹ã¶ãý

‚ã£¾ãã¾ã VII

Ôãã£ããÀ¥ã ãä¶ããä£ã

11


Preparation of accounts 22. (1) The balance-sheet and accounts of the Exim Bank shall be prepared in such formand balance-sheet. and manner as may be prescribed.

(2) The Board shall cause the books and accounts of the Exim Bank to be closed andbalanced as on the 31st day of December or such other date in each year as theCentral Government may, by notification in the Official Gazette, specify.

Provided that with a view to facilitating the transition from one period ofaccounting to another period of accounting under this sub-section, the CentralGovernment may, by order published in the Official Gazette, make such provisionsas it considers necessary or expedient for the closing and balancing of, or for othermatters relating to, the books or accounts in respect of the concerned years.

Disposal of profits accruing 23. (1) The Exim Bank may establish a Reserve Fund to which may be transferred suchto General Fund. sums as that Bank may deem fit out of the annual profits accruing to the General

Fund.

(2) After making provision for bad and doubtful debts, depreciation of assets and forall other matters for which provision is necessary or expedient or which is usuallyprovided for by bankers and for the Reserve Fund referred to in sub-section (1),the Exim Bank shall transfer the balance of the net profits to the CentralGovernment.

Audit. 24. (1) The accounts of the Exim Bank shall be audited by auditors duly qualified toact as auditors under sub-section (1) of section 226 of the Companies Act,

1 of 1956. 1956, who shall be appointed by the Central Government for such term and onsuch remuneration as the Central Government may fix.

(2) The auditors shall be supplied with a copy of the annual balance-sheet of the EximBank and it shall be their duty to examine it together with the accounts andvouchers relating thereto and they shall have a list delivered to them of all bookskept by the Exim Bank and shall at all reasonable times have access to the books,accounts, vouchers and other documents of the Exim Bank.

(3) The auditors may, in relation to such accounts, examine any director or anyofficer or other employee of the Exim Bank and shall be entitled to require fromthe Board or officer or other employee of the Exim Bank such information andexplanation as they may think necessary for the performance of their duties.

(4) The auditors shall make a report to the Exim Bank upon the annual balance-sheetand accounts examined by them and in every such report they shall state whetherin their opinion the balance-sheet is a full and fair balance-sheet containing allnecessary particulars and properly drawn up so as to exhibit a true and fair view

12


22. (1) †ãä‡ã‹û•ã½ã ºãö‡ãŠ ‡ãŠã ¦ãìÊã¶ã¹ã¨ã ‚ããõÀ „Ôã‡ãñŠ ÊãñŒãñ †ñÔãñ ¹ãÆÂ¹ã ½ãò ‚ããõÀ †ñÔããè ãäÌããä£ã Ôãñ ¦ãõ¾ããÀ ãä‡ãŠ¾ãñ •ãã†âØãñ •ããñ ãäÌããäÖ¦ã ‡ãŠãè•ãã†âý

(2) ºããñ¡Ã †ãä‡ã‹û•ã½ã ºãö‡ãŠ ‡ãŠãè ÊãñŒãã ºããäÖ¾ããò ‚ããõÀ ÊãñŒãã ‡ãŠãñ ¹ãÆãä¦ã ÌãÓãÃ 31 ãäªÔã½ºãÀ ‡ãŠãñ ¾ãã †ñÔããè ‚ã¶¾ã ¦ããÀãèŒã ‡ãŠãñ •ããñ ‡ãñŠ¶³ãè¾ãÔãÀ‡ãŠãÀ Àã•ã¹ã¨ã ½ãò ‚ããä£ãÔãîÞã¶ãã ´ãÀã ãäÌããä¶ããäªÃÓ› ‡ãŠÀò, ‡ãŠãñ ºãâª ‚ããõÀ Ôãâ¦ãìãäÊã¦ã ‡ãŠÀã¾ãñØããý

¹ãÀâ¦ãì ‡ãñŠ¶³ãè¾ã ÔãÀ‡ãŠãÀ, ƒÔã „¹ã-£ããÀã ‡ãñŠ ‚ã£ããè¶ã, †‡ãŠ ÊãñŒãã ‚ãÌããä£ã Ôãñ ªîÔãÀãè ÊãñŒãã ‚ãÌããä£ã ‡ãŠãñ Ôãâ‰ãŠ½ã¥ã ‡ãŠãñ Ôãì‡ãŠÀºã¶ãã¶ãñ ‡ãŠãè ÒãäÓ› Ôãñ Àã•ã¹ã¨ã ½ãò ¹ãÆ‡ãŠããäÍã¦ã ‚ããªñÍã ´ãÀã, †ñÔãñ „¹ãºãâ£ã ‡ãŠÀ Ôã‡ãñŠØããè, •ããñ ÌãÖ Ôãâºãâãä£ã¦ã ÌãÓããô ‡ãŠãè ºããºã¦ãºããäÖ¾ããò ¾ãã ÊãñŒãã‚ããò ‡ãŠãñ ºãâª ‚ããõÀ Ôãâ¦ãìãäÊã¦ã ‡ãŠÀ¶ãñ ‡ãñŠ ãäÊã†, ¾ãã „ÔãÔãñ Ôãâºãâãä£ã¦ã ‚ã¶¾ã ãäÌãÓã¾ããò ‡ãñŠ ãäÊã†, ‚ããÌãÍ¾ã‡ãŠ¾ãã Ôã½ããèÞããè¶ã Ôã½ã¢ã¦ããè Öõý

23. (1) †ãä‡ã‹û•ã½ã ºãö‡ãŠ †‡ãŠ ‚ããÀãäàã¦ã ãä¶ããä£ã ‡ãŠãè Ô©ãã¹ã¶ãã ‡ãŠÀ Ôã‡ãñŠØãã ãä•ãÔã½ãò Ôãã£ããÀ¥ã ãä¶ããä£ã ‡ãŠãñ ¹ãÆãñªá¼ãî¦ã Öãñ¶ãñ ÌããÊãñ ÌãããäÓãÃ‡ãŠÊãã¼ããò ½ãò Ôãñ †ñÔããè ÀããäÍã¾ããú, •ããñ ÌãÖ ºãö‡ãŠ Ÿãè‡ãŠ Ôã½ã¢ãñ, ‚ãâ¦ããäÀ¦ã ‡ãŠãè •ãã Ôã‡ãŠñòØããèý

(2) ¡îºãâ¦ã ‚ããõÀ Íãâ‡ãŠãÔ¹ãª ̈ ãÉ¥ããò, ‚ãããäÔ¦ã¾ããò ‡ãñŠ ‚ãÌãàã¾ã¥ã ‚ããõÀ „¶ã Ôãºã ºãã¦ããò ‡ãñŠ ãäÊã† ãä•ã¶ã‡ãñŠ ãäÊã† „¹ãºã¶£ã ‚ããÌãÍ¾ã‡ãŠ¾ãã Ôã½ããèÞããè¶ã Öãñ, ¾ãã ãä•ã¶ã‡ãñŠ ãäÊã† ºãö‡ãŠÀãò ́ ãÀã ¹ãÆã¾ã: „¹ãºãâ£ã ãä‡ãŠ¾ãã •ãã¦ãã Öõ ‚ããõÀ „¹ã-£ããÀã (1) ½ãò ãä¶ããäªÃÓ› ‚ããÀãäàã¦ããä¶ããä£ã ‡ãñŠ ãäÊã† „¹ãºãâ£ã ‡ãŠÀ¶ãñ ‡ãñŠ ¹ãÍÞãã¦ã †ãä‡ã‹û•ã½ã ºãö‡ãŠ, Íãì® Êãã¼ããò ‡ãŠã ‚ããä¦ãÍãñÓã ‡ãñŠ¶³ãè¾ã ÔãÀ‡ãŠãÀ ‡ãŠãñ ‚ã¶¦ããäÀ¦ã ‡ãŠÀñØããý

24. (1) †ãä‡ã‹û•ã½ã ºãö‡ãŠ ‡ãñŠ ÊãñŒãã ‡ãŠãè ÊãñŒãã¹ãÀãèàãã, ‡ãŠ½¹ã¶ããè ‚ãããä£ããä¶ã¾ã½ã, 1956 ‡ãŠãè £ããÀã 226 ‡ãŠãè „¹ã-£ããÀã (1) ‡ãñŠ ‚ã£ããè¶ãÊãñŒãã¹ãÀãèàã‡ãŠ ‡ãñŠ Â¹ã ½ãò ‡ãŠã¾ãÃ ‡ãŠÀ¶ãñ ‡ãñŠ ãäÊã† Ôã½¾ã‡ãŠ Â¹ã Ôãñ ‚ããäÖÃ¦ã ÊãñŒãã¹ãÀãèàã‡ãŠãò ́ ãÀã ‡ãŠãè •ãã†Øããè •ããñ ‡ãñŠ¶³ãè¾ã ÔãÀ‡ãŠãÀ´ãÀã †ñÔããè ‚ãÌããä£ã ‡ãñŠ ãäÊã† ‚ããõÀ †ñÔãñ ¹ãããäÀÑããä½ã‡ãŠ ¹ãÀ ãä¶ã¾ãì‡ã‹¦ã ãä‡ãŠ† •ãã†âØãñ •ããñ ‡ãñŠ¶³ãè¾ã ÔãÀ‡ãŠãÀ ãä¶ã¾ã¦ã ‡ãŠÀñý

(2) ÊãñŒãã¹ãÀãèàã‡ãŠãò ‡ãŠãñ †ãä‡ã‹û•ã½ã ºãö‡ãŠ ‡ãñŠ ÌãããäÓãÃ‡ãŠ ¦ãìÊã¶ã¹ã¨ã ‡ãŠãè †‡ãŠ ¹ãÆãä¦ã ªãè •ãã†Øããè ‚ããõÀ „¶ã‡ãŠã ¾ãÖ ‡ãŠ¦ãÃÌ¾ã ÖãñØãã ãä‡ãŠ Ìãñ„ÔãÔãñ Ôãâºãâãä£ã¦ã ÊãñŒãã ‚ããõÀ Ìãã„ÞãÀãò ÔããäÖ¦ã „Ôã‡ãŠãè ¹ãÀãèàãã ‡ãŠÀñ ‚ããõÀ „¶Öò †ãä‡ã‹û•ã½ã ºãö‡ãŠ ´ãÀã ÀŒããè ØãƒÃ Ôã¼ããè ºããäÖ¾ããò‡ãŠãñ †‡ãŠ ÔãîÞããè ¹ããäÀª§ã ‡ãŠãè •ãã†Øããè ‚ããõÀ †ãä‡ã‹û•ã½ã ºãö‡ãŠ ‡ãŠãè ºããäÖ¾ããâ ÊãñŒãã, Ìãã„ÞãÀ ‚ããõÀ ‚ã¶¾ã ªÔ¦ããÌãñ•ã Ôãºã ¾ãìãä‡ã‹¦ã¾ãì‡ã‹¦ãÔã½ã¾ããò ¹ãÀ „¶ã‡ãŠãè ¹ãÖìâÞã ½ãò ÖãòØãñý

(3) ÊãñŒãã¹ãÀãèàã‡ãŠ, †ñÔãñ ÊãñŒãã ‡ãñŠ Ôãâºãâ£ã ½ãò †ãä‡ã‹û•ã½ã ºãö‡ãŠ ‡ãñŠ ãä‡ãŠÔããè ãä¶ãªñÍã‡ãŠ ¾ãã ‚ããä£ã‡ãŠãÀãè ¾ãã ‚ã¶¾ã ‡ãŠ½ãÃÞããÀãè ‡ãŠãè ¹ãÀãèàãã‡ãŠÀ Ôã‡ãòŠØãñ ‚ããõÀ ºããñ¡Ã Ôãñ ¾ãã †ãä‡ã‹û•ã½ã ºãö‡ãŠ ‡ãñŠ ‚ããä£ã‡ãŠããäÀ¾ããò ¾ãã ‚ã¶¾ã ‡ãŠ½ãÃÞãããäÀ¾ããò Ôãñ †ñÔããè •ãã¶ã‡ãŠãÀãè ‚ããõÀ Ô¹ãÓ›ãè‡ãŠÀ¥ã½ããâØã¶ãñ ‡ãñŠ Ö‡ãŠªãÀ ÖãòØãñ •ããñ Ìãñ ‚ã¹ã¶ãñ ‡ãŠ¦ãÃÌ¾ããò ‡ãñŠ ¹ããÊã¶ã ‡ãñŠ ãäÊã† ‚ããÌãÍ¾ã‡ãŠ Ôã½ã¢ãòý

(4) ÊãñŒãã¹ãÀãèàã‡ãŠ ‚ã¹ã¶ãñ ´ãÀã ¹ãÀãèãäàã¦ã ÌãããäÓãÃ‡ãŠ ¦ãìÊã¶ã¹ã¨ã ‚ããõÀ ÊãñŒãã ‡ãñŠ ºããÀñ ½ãò †ãä‡ã‹û•ã½ã ºãö‡ãŠ ‡ãŠãñ ãäÀ¹ããñ›Ã ªòØãñ ‚ããõÀ †ñÔããèÖÀ ãäÀ¹ããñ›Ã ½ãò Ìãñ ¾ãÖ ‡ãŠ©ã¶ã ‡ãŠÀòØãñ ãä‡ãŠ ‡ã‹¾ãã „¶ã‡ãŠãè Àã¾ã ½ãò, ¦ãìÊã¶ã¹ã¨ã Ôãºã ‚ããÌãÍ¾ã‡ãŠ ãäÌããäÍããäÓ›¾ããò Ôãñ ¾ãì‡ã‹¦ã ¹ãîÀã ‚ããõÀŸãè‡ãŠ ¦ãìÊã¶ã¹ã¨ã Öõ ‚ããõÀ †ñÔãñ „ãäÞã¦ã Â¹ã ½ãò ¦ãõ¾ããÀ ãä‡ãŠ¾ãã Øã¾ãã Öõ ãä‡ãŠ „ÔãÔãñ †ãä‡ã‹û•ã½ã ºãö‡ãŠ ‡ãñŠ ‡ãŠã½ã‡ãŠã•ã ‡ãŠãè ÔãÞÞããè ‚ããõÀ¾ã©ãã©ãÃ ãäÔ©ããä¦ã ¹ãÆªãäÍãÃ¦ã Öãñ¦ããè Öõ ‚ããõÀ ¾ããäª „¶Öãò¶ãñ ºããñ¡Ã Ôãñ ¾ãã †ãä‡ã‹û•ã½ã ºãö‡ãŠ ‡ãñŠ ãä‡ãŠÔããè ‚ããä£ã‡ãŠãÀãè ¾ãã ‚ã¶¾ã ‡ãŠ½ãÃÞããÀãèÔãñ ‡ãŠãñƒÃ •ãã¶ã‡ãŠãÀãè ¾ãã Ô¹ãÓ›ãè‡ãŠÀ¥ã ½ããâØãã ©ãã ¦ããñ ‡ã‹¾ãã ÌãÖ ãäª¾ãã Øã¾ãã Öõ ‚ããõÀ ‡ã‹¾ãã ÌãÖ Ôã½ãã£ãã¶ã¹ãÆª Öõý

Ôãã£ããÀ¥ã ãä¶ããä£ã ‡ãŠãñ ¹ãÆãñªá¼ãî¦ã Öãñ¶ãñ ÌããÊãñ Êãã¼ããò

‡ãŠã Ì¾ã¾ã¶ãý

ËñŒãã ‚ããõÀ ¦ãìÊã¶ã¹ã¨ã ¦ãõ¾ããÀ ‡ãŠÀ¶ããý

ËñŒãã ¹ãÀãèàãã ý

1956 ‡ãŠã 1

12


of the state of affairs of the Exim Bank and in case they had called for anyexplanation or information from the Board or any officer or other employee of theExim Bank whether it has been given and whether it is satisfactory.

(5) The Exim Bank shall furnish to the Central Government within four months fromthe date on which its accounts are closed and balanced, a copy of its balance-sheetand accounts together with a copy of the auditors’ report and a report of theworking of the Exim Bank during the relevant year, and the Central Governmentshall, as soon as may be after they are received by it, cause the same to be laidbefore each House of Parliament.

(6) Without prejudice to anything contained in the preceding sub-sections, theCentral Government may, at any time, appoint the Comptroller and Auditor-General of India to examine and report upon the accounts of the Exim Bank andany expenditure incurred by him in connection with such examination and reportshall be payable by the Exim Bank to the Comptroller and Auditor-General ofIndia.

Saving. 25. Save as otherwise provided in sub-section (4) of section 19, nothing contained in thisChapter shall apply to the Export Development Fund.

CHAPTER VIII Transfer of part of business of Development Bank.

Transfer of part of business 26. (1) On such date as the Central Government may, by notification, appoint, allof Development Bank. business, property, assets and liabilities, rights, interests, privileges and obligations

of whatever nature of the Development Bank in so far as they relate to the exportfinancing functions of that Bank shall stand transferred to, and vest in, the EximBank.

(2) For the transfer to, and vesting in, the Exim Bank under sub-section (1), the EximBank shall pay to the Development Bank such amount in such manner and in suchnumber of instalments as may be determined by the Central Government.

(3) All contracts, deeds, bonds, agreements, powers-of-attorney, grants of legalrepresentation and other instruments of whatever nature of the DevelopmentBank which relate to the export financing functions of that Bank and which aresubsisting or having effect immediately before the date referred to in sub-section(1) and to which the said Bank is a party or which are in favour of that Bank shall,-

(a) if they relate exclusively to the export financing functions of that Bank, beof full force and effect against or in favour of the Exim Bank, as the case maybe, and may be enforced and acted upon as fully and effectively as if insteadof the Development Bank the Exim Bank had been a party thereto or as if theyhad been issued in favour of the Exim Bank; and

13


(5) †ãä‡ã‹û•ã½ã ºãö‡ãŠ, ‚ã¹ã¶ãñ ¦ãìÊã¶ã¹ã¨ã ‚ããõÀ ÊãñŒãã ‡ãŠãè †‡ãŠ ¹ãÆãä¦ã ‚ããõÀ Ôãã©ã ½ãò ÊãñŒãã¹ãÀãèàã‡ãŠãò ‡ãŠãè ãäÀ¹ããñ›Ã ‡ãŠãè †‡ãŠ ¹ãÆãä¦ã ‚ããõÀÔãìÔãâØã¦ã ÌãÓãÃ ‡ãñŠ ªãõÀã¶ã †ãä‡ã‹û•ã½ã ºãö‡ãŠ ‡ãñŠ ‡ãŠã½ã‡ãŠã•ã ‡ãŠãè ãäÀ¹ããñ›Ã ÌãããäÓãÃ‡ãŠ ÊãñŒãã ‡ãñŠ ºãâª ‚ããõÀ Ôãâ¦ãìãäÊã¦ã ãä‡ãŠ† •ãã¶ãñ ‡ãŠãè¦ããÀãèŒã Ôãñ ÞããÀ ½ããÔã ‡ãñŠ ¼ããè¦ãÀ ‡ãñŠ¶³ãè¾ã ÔãÀ‡ãŠãÀ ‡ãŠãñ ªñØãã ‚ããõÀ ‡ãñŠ¶³ãè¾ã ÔãÀ‡ãŠãÀ ‚ã¹ã¶ãñ ́ ãÀã „¶ã‡ãñŠ ¹ãÆã¹¦ã Öãñ¶ãñ ‡ãñŠ ¹ãÍÞãã¦ã¾ã©ããÍã‡ã‹¾ã ÍããèÜãÆ ÔãâÔãªá ‡ãñŠ ¹ãÆ¦¾ãñ‡ãŠ Ôãª¶ã ‡ãñŠ Ôã½ãàã ÀŒãÌãã†Øããèý

(6) ¹ãîÌãÃØãã½ããè „¹ã£ããÀã‚ããò ‡ãŠãè ãä‡ãŠÔããè ºãã¦ã ¹ãÀ ¹ãÆãä¦ã‡ãîŠÊã ¹ãÆ¼ããÌã ¡ãÊãñ ãäºã¶ãã, ‡ãñŠ¶³ãè¾ã ÔãÀ‡ãŠãÀ, ¼ããÀ¦ã ‡ãñŠ ãä¶ã¾ãâ¨ã‡ãŠ ‚ããõÀ½ãÖãÊãñŒãã¹ãÀãèàã‡ãŠ ‡ãŠãñ, †ãä‡ã‹û•ã½ã ºãö‡ãŠ ‡ãñŠ ÊãñŒãã‚ããò ‡ãŠãè ¹ãÀãèàãã ‡ãŠÀ¶ãñ ‚ããõÀ „¶ã‡ãŠãè ºããºã¦ã ãäÀ¹ããñ›Ã ªñ¶ãñ ‡ãñŠ ãäÊã†, ãä‡ãŠÔããè¼ããè Ôã½ã¾ã ãä¶ã¾ãì‡ã‹¦ã ‡ãŠÀ Ôã‡ãñŠØããè ‚ããõÀ †ñÔããè ¹ãÀãèàãã ¦ã©ãã †ñÔããè ãäÀ¹ããñ›Ã ‡ãñŠ Ôãâºãâ£ã ½ãò „Ôã‡ãñŠ ́ ãÀã „¹ãØã¦ã ‡ãŠãñƒÃ Ì¾ã¾ã ¼ããÀ¦ã‡ãñŠ ãä¶ã¾ãâ¨ã‡ãŠ ‚ããõÀ ½ãÖãÊãñŒãã¹ãÀãèàã‡ãŠ ‡ãŠãñ †ãä‡ã‹û•ã½ã ºãö‡ãŠ ´ãÀã Ôãâªñ¾ã ÖãñØããý

25. £ããÀã 19 ‡ãŠãè „¹ã£ããÀã (4) ½ãò •ãõÔãã „¹ãºããä¶£ã¦ã Öõ „Ôã‡ãñŠ ãäÔãÌãã¾ã, ƒÔã ‚ã£¾ãã¾ã ½ãò ‚ã¶¦ããäÌãÃÓ› ‡ãŠãñƒÃ ºãã¦ã ãä¶ã¾ããÃ¦ã ãäÌã‡ãŠãÔããä¶ããä£ã ‡ãŠãñ ÊããØãî ¶ãÖãé ÖãñØããèý

ãäÌã‡ãŠãÔã ºãö‡ãŠ ‡ãñŠ ‡ãŠãÀºããÀ ‡ãñŠ ¼ããØã ‡ãŠã ‚ã¶¦ãÀ¥ã

26. (1) „Ôã ¦ããÀãèŒã ‡ãŠãñ, •ããñ ‡ãñŠ¶³ãè¾ã ÔãÀ‡ãŠãÀ ‚ããä£ãÔãîÞã¶ãã ́ ãÀã ãä¶ã¾ã¦ã ‡ãŠÀò, ãäÌã‡ãŠãÔã ºãö‡ãŠ ‡ãñŠ Ôã¼ããè ‡ãŠãÀºããÀ, Ôã½¹ããä§ã, ‚ãããäÔ¦ã¾ããâ‚ããõÀ ªããä¾ã¦Ìã, ‚ããä£ã‡ãŠãÀ, ãäÖ¦ã, ãäÌãÍãñÓãããä£ã‡ãŠãÀ ‚ããõÀ ºãã£¾ã¦ãã†â, ÞããÖñ Ìãñ ãä•ãÔã ¹ãÆ‡ãŠãÀ ‡ãŠãè Öãò, •ãÖãâ ¦ã‡ãŠ „¶ã‡ãŠã Ôãâºãâ£ã„Ôã ºãö‡ãŠ ‡ãñŠ ãä¶ã¾ããÃ¦ã ãäÌã§ã¹ããñÓã¥ã ‡ãðŠ¦¾ããò Ôãñ Öõ, †ãä‡ã‹û•ã½ã ºãö‡ãŠ ‡ãŠãñ ‚ã¶¦ããäÀ¦ã ‚ããõÀ „Ôã½ãò ãä¶ããäÖ¦ã Öãñ •ãã†âØããèý

(2) „¹ã-£ããÀã (1) ‡ãñŠ ‚ã£ããè¶ã †ãä‡ã‹û•ã½ã ºãö‡ãŠ ‡ãŠãñ ‚ã¶¦ããäÀ¦ã ‚ããõÀ „Ôã½ãò ãä¶ããäÖ¦ã ãä‡ãŠ† •ãã¶ãñ ‡ãñŠ ãäÊã†, †ãä‡ã‹û•ã½ã ºãö‡ãŠ, ãäÌã‡ãŠãÔãºãö‡ãŠ ‡ãŠãñ †ñÔããè À‡ãŠ½ã †ñÔããè Àãèãä¦ã Ôãñ ‚ããõÀ „¦ã¶ããè ãä‡ãŠÔ¦ããò ½ãò Ôãâªã¾ã ‡ãŠÀñØãã •ããñ ‡ãñŠ¶³ãè¾ã ÔãÀ‡ãŠãÀ ‚ãÌã£ãããäÀ¦ã ‡ãŠÀòý

(3) ãäÌã‡ãŠãÔã ºãö‡ãŠ ‡ãŠãè Ôã¼ããè ÔãâãäÌãªã†â, ãäÌãÊãñŒã, ºã¶£ã¹ã¨ã, ‡ãŠÀãÀ, ½ãìŒ¦ããÀ¶ãã½ãñ, ãäÌããä£ã‡ãŠ ¹ãÆãä¦ããä¶ããä£ã¦Ìã ‡ãñŠ ‚ã¶ãìªã¶ã ‚ããõÀ ‚ã¶¾ããäÊãŒã¦ãò, ÞããÖñ Ìãñ ãä•ãÔã ¹ãÆ‡ãŠãÀ ‡ãŠãè Öãò, ãä•ã¶ã‡ãŠã Ôã½ºã¶£ã „Ôã ºãö‡ãŠ ‡ãñŠ ãä¶ã¾ããÃ¦ã ãäÌã§ã¹ããñÓã¥ã ‡ãðŠ¦¾ããò Ôãñ Öõ ‚ããõÀ •ããñ „¹ã£ããÀã(1) ½ãò ãäÌããä¶ããäªÃÓ› ¦ããÀãèŒã ‡ãñŠ Ÿãè‡ãŠ ¹ãîÌãÃ ãäÌã²ã½ãã¶ã Öö ¾ãã ¹ãÆ¼ããÌãÍããèÊã Öö ‚ããõÀ ãä•ã¶ã‡ãŠãè ºããºã¦ã „‡ã‹¦ã ºãö‡ãŠ †‡ãŠ ¹ãàã‡ãŠãÀÖõ ¾ãã •ããñ „Ôã ºãö‡ãŠ ‡ãñŠ ¹ãàã ½ãò Öõ -

(‡ãŠ) ¾ããäª Ìãñ ‚ã¶ã¶¾ã Â¹ã Ôãñ „Ôã ºãö‡ãŠ ‡ãñŠ ãä¶ã¾ããÃ¦ã ãäÌã§ã¹ããñÓã¥ã ‡ãðŠ¦¾ããò Ôãñ Ôã½ºããä¶£ã¦ã Öõ ¦ããñ, ¾ã©ãããäÔ©ããä¦ã, †ãä‡ã‹û•ã½ãºãö‡ãŠ ‡ãñŠ ãäÌãÁ® ¾ãã „Ôã‡ãñŠ ¹ãàã ½ãò ¹ãî¥ãÃ ¹ãÆÌãð§ã ‚ããõÀ ¹ãÆ¼ããÌãÍããèÊã ÖãòØããè ¦ã©ãã „¶Öò ¹ãî¥ãÃ¦ã: ‚ããõÀ ¹ãÆ¼ããÌããè Â¹ã ÔãñÌãõÔãñ Öãè ¹ãÆÌãð§ã ãä‡ãŠ¾ãã •ãã Ôã‡ãñŠØãã ‚ããõÀ „¶ã‡ãŠãè ºããºã¦ã, ÌãõÔãñ Öãè ‡ãŠãÀÃÌããƒÃ ‡ãŠãè •ãã Ôã‡ãñŠØããè, ½ãã¶ããñ „¶ã½ãò ãäÌã‡ãŠãÔãºãö‡ãŠ ‡ãŠãè ºã•ãã¾ã †ãä‡ã‹û•ã½ã ºãö‡ãŠ ¹ãàã‡ãŠãÀ ©ãã ¾ãã ½ãã¶ããñ Ìãñ †ãä‡ã‹û•ã½ã ºãö‡ãŠ ‡ãñŠ ¹ãàã ½ãò •ããÀãè ‡ãŠãè ØãƒÃ ©ããè; ‚ããõÀ

‚ã£¾ãã¾ã VIII

ãäÌã‡ãŠãÔã ºãö‡ãŠ ‡ãñŠ ‡ãŠãÀãñºããÀ ‡ãñŠ ¼ããØã ‡ãŠã ‚ã¶¦ãÀ¥ãý

Ì¾ããÌãðãä§ãý

13


(b) if they relate not only to the export financing functions of the DevelopmentBank but also to any of the other functions of that Bank, be of full force andeffect against or in favour of both the Development Bank and the Exim Bankand may be enforced or acted upon as fully and effectively as if in additionto the Development Bank the Exim Bank had also been a party thereto or asif they had been issued in favour of the Development Bank and also the EximBank.

(4) If, on the date referred to in sub-section (1), any suit, appeal or other legalproceeding of whatever nature relating to the export financing functions of theDevelopment Bank is pending, the same shall not abate, be discontinued or be inany way prejudicially affected by reason of the transfer to the Exim Bank of thebusiness of the Development Bank or of anything contained in this Act, but thesuit, appeal or other proceeding may,-

(a) where it relates exclusively to the export financing functions of theDevelopment Bank, be continued, prosecuted and enforced by or against theExim Bank; and

(b) where it relates not only to the export financing functions of the DevelopmentBank but also to any of the other functions of that Bank, be continued,prosecuted and enforced by or against the Development Bank and the EximBank or, if the Central Government by special order in writing so directs, byor against such one of the said two Banks, as may be specified in such order.

(5) If any question arises as to whether any contract, deed, bond, agreement, powers-of-attorney, grant of legal representation or other instrument referred to in sub-section (3) or any suit, appeal or other legal proceeding referred to in sub-section(4) relates or relates exclusively to the export financing functions of theDevelopment Bank, it shall be referred to the Central Government for decisionand the decision of the Central Government thereon shall be final.

(6) The provisions of this section shall have effect notwithstanding anythingcontained in the Industrial Development Bank of India Act, 1964 or any otherlaw or any instrument having force by virtue of the said Act or other law.

14

18 of 1964.


(Œã) ¾ããäª Ìãñ ãäÌã‡ãŠãÔã ºãö‡ãŠ ‡ãñŠ ãä¶ã¾ããÃ¦ã ãäÌã§ã¹ããñÓã¥ã ‡ãðŠ¦¾ããò Ôãñ Öãè Ôã½ºããä¶£ã¦ã ¶ãÖãé Öõ ãä‡ãŠ¶¦ãì „Ôã ºãö‡ãŠ ‡ãñŠ ãä‡ãŠ¶Öãé ‚ã¶¾ã‡ãðŠ¦¾ããò Ôãñ ¼ããè Ôãâºãâãä£ã¦ã Öö, ¦ããñ ãäÌã‡ãŠãÔã ºãö‡ãŠ ‚ããõÀ †ãä‡ã‹û•ã½ã ºãö‡ãŠ ªãñ¶ããò Öãè ‡ãñŠ ãäÌãÁ® ¾ãã „¶ã‡ãñŠ ¹ãàã ½ãò ¹ãî¥ãÃ¹ãÆÌãð§ã ‚ããõÀ ¹ãÆ¼ããÌãÍããèÊã ÖãòØããè ¦ã©ãã Ìãñ ¹ãî¥ãÃ¦ã: ‚ããõÀ ¹ãÆ¼ããÌããè Â¹ã Ôãñ ÌãõÔãñ Öãè ¹ãÆÌãð§ã ‡ãŠãè •ãã Ôã‡ãñŠØããè ¾ãã „¶ã‡ãŠãèºããºã¦ã ÌãõÔãñ Öãè ‡ãŠãÀÃÌããƒÃ ‡ãŠãè •ãã Ôã‡ãñŠØããè ½ãã¶ããñ ãäÌã‡ãŠãÔã ºãö‡ãŠ ‡ãñŠ ‚ããä¦ããäÀ‡ã‹¦ã †ãä‡ã‹û•ã½ã ºãö‡ãŠ ¼ããè „¶ã½ãò †‡ãŠ ¹ãàã‡ãŠãÀ©ãã ¾ãã ½ãã¶ããñ Ìãñ ãäÌã‡ãŠãÔã ºãö‡ãŠ ‡ãñŠ Öãè ¶ãÖãé ºããäÊ‡ãŠ †ãä‡ã‹û•ã½ã ºãö‡ãŠ ‡ãñŠ ¹ãàã ½ãò ¼ããè •ããÀãè ‡ãŠãè ØãƒÃ ©ããéý

(4) ¾ããäª „¹ã-£ããÀã (1) ½ãò ãäÌããä¶ããäªÃÓ› ¦ããÀãèŒã ‡ãŠãñ ãäÌã‡ãŠãÔã ºãö‡ãŠ ‡ãñŠ ãä¶ã¾ããÃ¦ã ãäÌã§ã¹ããñÓã¥ã ‡ãðŠ¦¾ããò Ôãñ Ôã½ºããä¶£ã¦ã ãä‡ãŠÔããè ¼ããè ¹ãÆ‡ãŠãÀ‡ãŠã ‡ãŠãñƒÃ Ìããª, ‚ã¹ããèÊã ¾ãã ‚ã¶¾ã ãäÌããä£ã‡ãŠ ‡ãŠã¾ãÃÌããÖãè Êããä½ºã¦ã Öõ ¦ããñ ¶ã Öãè „Ôã‡ãŠã „¹ãÍã½ã¶ã ÖãñØãã, ¶ã „Ôãñ ºã¶ª ãä‡ãŠ¾ãã•ãã†Øãã ‚ã©ãÌãã ¶ã Öãè ãäÌã‡ãŠãÔã ºãö‡ãŠ ‡ãñŠ ‡ãŠãÀãñºããÀ ‡ãñŠ †ãä‡ã‹û•ã½ã ºãö‡ãŠ ‡ãŠãñ ‚ã¶¦ããäÀ¦ã ãä‡ãŠ† •ãã¶ãñ ‡ãñŠ ¹ãŠÊãÔÌãÂ¹ã ¾ãã ƒÔã‚ããä£ããä¶ã¾ã½ã ½ãò ‚ã¶¦ããäÌãÃÓ› ãä‡ãŠÔããè ºãã¦ã ‡ãñŠ Öãñ¦ãñ Öì† ¼ããè, „Ôã ¹ãÀ ãä‡ãŠÔããè ¼ããè Â¹ã ½ãò ¹ãÆãä¦ã‡ãîŠÊã ¹ãÆ¼ããÌã ¹ãü¡ñØãã, ãä‡ãŠ¶¦ãì ÌãÖÌããª, ‚ã¹ããèÊã ¾ãã ‚ã¶¾ã ‡ãŠã¾ãÃÌããÖãè -

(‡ãŠ) •ãÖãâ ÌãÖ ‚ã¶ã¶¾ã Â¹ã Ôãñ ãäÌã‡ãŠãÔã ºãö‡ãŠ ‡ãñŠ ãä¶ã¾ããÃ¦ã ãäÌã§ã¹ããñÓã¥ã ‡ãðŠ¦¾ããò Ôãñ Ôãâºãâãä£ã¦ã Öõ ÌãÖãâ „Ôãñ †ãä‡ã‹û•ã½ã ºãö‡ãŠ´ãÀã ¾ãã „Ôã‡ãñŠ ãäÌãÁ® ÞããÊãî ÀŒããè •ãã Ôã‡ãñŠØããè, ‚ããØãñ ÞãÊããƒÃ •ãã Ôã‡ãñŠØããè ¾ãã ¹ãÆÌããä¦ãÃ¦ã ‡ãŠãè •ãã Ôã‡ãñŠØããè; ‚ããõÀ

(Œã) •ãÖãâ ÌãÖ ãäÌã‡ãŠãÔã ºãö‡ãŠ ‡ãñŠ ãä¶ã¾ããÃ¦ã ãäÌã§ã¹ããñÓã¥ã ‡ãðŠ¦¾ããò Ôãñ Öãè Ôãâºããä¶£ã¦ã ¶ãÖãé Öõ ãä‡ãŠ¶¦ãì „Ôã ºãö‡ãŠ ‡ãñŠ ãä‡ãŠ¶Öãé ‚ã¶¾ã‡ãðŠ¦¾ããò Ôãñ ¼ããè Ôã½ºããä¶£ã¦ã Öõ, ÌãÖãâ „Ôãñ ãäÌã‡ãŠãÔã ºãö‡ãŠ ‚ããõÀ †ãä‡ã‹û•ã½ã ºãö‡ãŠ ́ ãÀã ¾ãã „Ôã‡ãñŠ ãäÌãÁ® ¾ãã ¾ããäª ‡ãñŠ¶³ãè¾ãÔãÀ‡ãŠãÀ ãäÊããäŒã¦ã Â¹ã ½ãò ãäÌãÍãñÓã ‚ããªñÍã ´ãÀã †ñÔãã ãä¶ãªñÍã ‡ãŠÀñ „‡ã‹¦ã ªãñ¶ããò ºãö‡ãŠãò ½ãò Ôãñ †ñÔãñ †‡ãŠ ºãö‡ãŠ ´ãÀã¾ãã „Ôã‡ãñŠ ãäÌãÁ®, •ããñ „Ôã ‚ããªñÍã ½ãò ¹ãÆÌããä¦ãÃ¦ã ‡ãŠãè •ãã Ôã‡ãñŠØããèý

(5) ¾ããäª ‡ãŠãñƒÃ †ñÔãã ¹ãÆÍ¶ã „Ÿ¦ãã Öõ ãä‡ãŠ „¹ã£ããÀã (3) ½ãò ãäÌããä¶ããäªÃÓ› ‡ãŠãñƒÃ ÔãâãäÌãªã, ãäÌãÊãñŒã, ºã¶£ã¹ã¨ã, ‡ãŠÀãÀ, ½ãìŒ¦ããÀ¶ãã½ãñ,ãäÌããä£ã‡ãŠ ¹ãÆãä¦ããä¶ããä£ã¦Ìã ‡ãŠã ‚ã¶ãìªã¶ã ¾ãã ‚ã¶¾ã ãäÊãŒã¦ã ¾ãã „¹ã£ããÀã (4) ½ãò ãä¶ããäªÃÓ› ‡ãŠãñƒÃ Ìããª, ‚ã¹ããèÊã ¾ãã ‚ã¶¾ã ãäÌããä£ã‡ãŠ‡ãŠã¾ãÃÌããÖãè ãäÌã‡ãŠãÔã ºãö‡ãŠ ‡ãñŠ ãä¶ã¾ããÃ¦ã ãäÌã§ã¹ããñÓã¥ã ‡ãðŠ¦¾ããò Ôãñ Ôã½ºããä¶£ã¦ã Öõ ¾ãã ‚ã¶ã¶¾ã Â¹ã Ôãñ Ôã½ºããä¶£ã¦ã Öõ, ¦ããñ „ÔãñãäÌããä¶ãÍÞã¾ã ‡ãñŠ ãäÊã† ‡ãñŠ¶³ãè¾ã ÔãÀ‡ãŠãÀ ‡ãŠãñ ãä¶ããäªÃÓ› ãä‡ãŠ¾ãã •ãã†Øãã ‚ããõÀ „Ôã ¹ãÀ ‡ãñŠ¶³ãè¾ã ÔãÀ‡ãŠãÀ ‡ãŠã ãäÌããä¶ãÍÞã¾ã ‚ããä¶¦ã½ãÖãñØããý

(6) ƒÔã £ããÀã ‡ãñŠ „¹ãºã¶£ã ¼ããÀ¦ããè¾ã ‚ããõ²ããñãäØã‡ãŠ ãäÌã‡ãŠãÔã ºãö‡ãŠ ‚ããä£ããä¶ã¾ã½ã, 1964 ¾ãã ãä‡ãŠÔããè ‚ã¶¾ã ãäÌããä£ã ¾ãã „‡ã‹¦ã ‚ããä£ããä¶ã¾ã½ã¾ãã ‚ã¶¾ã ãäÌããä£ã ‡ãñŠ ‚ãã£ããÀ ¹ãÀ ãäÌããä£ã ‡ãŠã ºãÊã ÀŒã¶ãñ ÌããÊããè ãä‡ãŠÔããè ãäÊãŒã¦ã ½ãò ãä‡ãŠÔããè ºãã¦ã ‡ãñŠ Öãñ¦ãñ Öì† ¼ããè ¹ãÆ¼ããÌããè ÖãòØãñý

1964 ‡ãŠã 18

14


CHAPTER IX Miscellaneous

Staff of Exim Bank. 27. (1) The Exim Bank may appoint such number of officers and other employees as itconsiders necessary or desirable for the efficient performance of its functions anddetermine the terms and conditions of their appointment and service.

(2) Without prejudice to the provisions of sub-section (1), it shall be lawful for theExim Bank to utilise, and for the Development Bank to make available theservices of, such staff of the Development Bank having experience relating toexport financing functions on such terms and conditions as may be agreed uponbetween the Exim Bank and the Development Bank.

(3) The duties and conduct, terms and conditions of service and the establishment andmaintenance of a provident Fund or any other Fund for the benefit of the officersand other employees of the Exim Bank shall be such as may be prescribed.

Delegation of powers. 28. The Board may, by general or special order, delegate to any director or any officer orother employee of the Exim Bank, subject to such conditions and limitations, if any,as may be specified in the order, such of its powers and functions under this Act as itmay deem necessary.

Returns. 29. The Exim Bank shall furnish, from time to time, to the Central Government suchreturns as the Central Government may require.

Obligation as to fidelity. 30. (1) The Exim Bank shall not, except as otherwise required by this Act or any otherlaw, divulge any information relating to, or to the affairs of, its constituents exceptin circumstances in which it is, in accordance with the law or practice and usagecustomary among bankers, necessary or appropriate for the Exim Bank to divulgesuch information.

(2) The Exim Bank may, for the purpose of efficient discharge of its functions underthis Act, collect from, or furnish to, the Central Government, the DevelopmentBank or any scheduled bank or such other financial institution, as may be notifiedin the Official Gazette by the Central Government in this behalf, credit informationor other information as it may consider useful for the purpose, in such manner andat such times, as it may think fit.

Explanation. - For the purpose of this sub-section, the expression “creditinformation” shall have the same meaning as in clause (c) of section 45A ofthe Reserve Bank of India Act, 1934, subject to the modification that “bankingcompany” referred to therein shall mean the Development Bank, any scheduledbank or other financial institution as aforesaid.

2 of 1934.

15


¹ãÆ‡ãŠãè¥ãÃ (‚ã¶¾ã)

27. (1) †ãä‡ã‹û•ã½ã ºãö‡ãŠ „¦ã¶ãñ ‚ããä£ã‡ãŠãÀãè ‚ããõÀ ‚ã¶¾ã ‡ãŠ½ãÃÞããÀãè ãä¶ã¾ãì‡ã‹¦ã ‡ãŠÀ Ôã‡ãñŠØãã ãä•ã¦ã¶ãñ ÌãÖ ‚ã¹ã¶ãñ ‡ãðŠ¦¾ããò ‡ãñŠ ªàã¦ãã¹ãî¥ãÃ ¹ããÊã¶ã‡ãñŠ ãäÊã† ‚ããÌãÍ¾ã‡ãŠ ¾ãã Ìããâœ¶ããè¾ã Ôã½ã¢ãñ ‚ããõÀ ÌãÖ „¶ã‡ãŠãñ ãä¶ã¾ãìãä‡ã‹¦ã ¦ã©ãã ÔãñÌãã ‡ãñŠ ãä¶ãºã¶£ã¶ã ‚ããõÀ Íã¦ãô ‚ãÌã£ãããäÀ¦ã ‡ãŠÀÔã‡ãñŠØããý

(2) „¹ã-£ããÀã (1) ‡ãñŠ „¹ãºã¶£ããò ¹ãÀ ¹ãÆãä¦ã‡ãîŠÊã ¹ãÆ¼ããÌã ¡ãÊãñ ãäºã¶ãã, ãäÌã‡ãŠãÔã ºãö‡ãŠ ‡ãñŠ †ñÔãñ ‡ãŠ½ãÃÞããÀãèÌãð¶ª ‡ãŠãè ÔãñÌãã‚ããò ‡ãŠã,ãä•ã¶Öò ãä¶ã¾ããÃ¦ã ãäÌã§ã¹ããñÓã¥ã ‡ãðŠ¦¾ããò Ôãñ Ôãâºãâãä£ã¦ã Öõ, †ñÔãñ ãä¶ãºã¶£ã¶ããò ‚ããõÀ Íã¦ããô ¹ãÀ, ãä•ã¶ã ¹ãÀ ãäÌã‡ãŠãÔã ºãö‡ãŠ ‚ããõÀ †ãä‡ã‹û•ã½ãºãö‡ãŠ ‡ãñŠ ºããèÞã ‡ãŠÀãÀ Öãñ •ãã†, „¹ã¾ããñØã ‡ãŠÀ¶ãã †ãä‡ã‹û•ã½ã ºãö‡ãŠ ‡ãñŠ ãäÊã† ‚ããõÀ „¹ãÊãº£ã ‡ãŠÀã¶ãã, ãäÌã‡ãŠãÔã ºãö‡ãŠ ‡ãñŠ ãäÊã†ãäÌããä£ã¹ãî¥ãÃ ÖãñØããý

(3) †ãä‡ã‹û•ã½ã ºãö‡ãŠ ‡ãñŠ ‚ããä£ã‡ãŠããäÀ¾ããò ‚ããõÀ ‚ã¶¾ã ‡ãŠ½ãÃÞãããäÀ¾ããò ‡ãñŠ ‡ãŠ¦ãÃÌ¾ã ‚ããõÀ ‚ããÞãÀ¥ã ÔãñÌãã ‡ãŠãè Íã¦ãô ‚ããõÀ ãä¶ãºãâ£ã¶ã ¦ã©ãã„¶ã‡ãñŠ ¹ãŠã¾ãªñ ‡ãñŠ ãäÊã† ¼ããäÌãÓ¾ã ãä¶ããä£ã ¾ãã ãä‡ãŠÔããè ‚ã¶¾ã ãä¶ããä£ã ‡ãŠãè Ô©ãã¹ã¶ãã ‡ãŠÀ¶ãã ‚ããõÀ „Ôãñ ºã¶ãã† ÀŒã¶ãã, ƒÔã ¹ãÆ‡ãŠãÀÖãñØãã, •ããñ ãäÌããäÖ¦ã ãä‡ãŠ¾ãã •ãã†Øããý

28. ºããñ¡Ã, Ôãã£ããÀ¥ã ¾ãã ãäÌãÍãñÓã ‚ããªñÍã ́ ãÀã, †ãä‡ã‹û•ã½ã ºãö‡ãŠ ‡ãñŠ ãä‡ãŠÔããè ãä¶ãªñÍã‡ãŠ ¾ãã ãä‡ãŠÔããè ‚ããä£ã‡ãŠãÀãè ¾ãã ‚ã¶¾ã ‡ãŠ½ãÃÞããÀãè ‡ãŠãñ, ƒÔã‚ããä£ããä¶ã¾ã½ã ‡ãñŠ ‚ã£ããè¶ã ‚ã¹ã¶ããè †ñÔããè Íããä‡ã‹¦ã¾ããâ ‚ããõÀ ‡ãðŠ¦¾ã, •ããñ „Ôãñ ‚ããÌãÍ¾ã‡ãŠ ¹ãÆ¦ããè¦ã Öãñ, †ñÔããè Íã¦ããô ‚ããõÀ ãä¶ãºã¶£ã¶ããò ‡ãñŠ ‚ã£ããè¶ãÀÖ¦ãñ Öì† ¾ããäª ‡ãŠãñƒÃ Öãñ •ããñ „Ôã ‚ããªñÍã ½ãò ãäÌããä¶ããäªÃÓ› ãä‡ãŠ† •ãã†â, ¹ãÆ¦¾ãã¾ããñãä•ã¦ã ‡ãŠÀ Ôã‡ãñŠØããý

29. †ãä‡ã‹û•ã½ã ºãö‡ãŠ ‡ãñŠ¶³ãè¾ã ÔãÀ‡ãŠãÀ ‡ãŠãñ Ôã½ã¾ã-Ôã½ã¾ã ¹ãÀ †ñÔããè ãäÌãÌãÀãä¥ã¾ããâ ªñØãã ãä•ã¶ã‡ãŠãè ‡ãñŠ¶³ãè¾ã ÔãÀ‡ãŠãÀ ‚ã¹ãñàãã ‡ãŠÀñý

30. (1) ƒÔã ‚ããä£ããä¶ã¾ã½ã ¾ãã ãä‡ãŠÔããè ‚ã¶¾ã ãäÌããä£ã ´ãÀã •ãõÔãã ‚ã¶¾ã©ãã ‚ã¹ãñãäàã¦ã Öõ „Ôã‡ãñŠ ãäÔãÌãã¾ã, †ãä‡ã‹û•ã½ã ºãö‡ãŠ ‚ã¹ã¶ãñØãÆãÖ‡ãŠãò ‡ãñŠ Ôã½ºã¶£ã ½ãò ¾ãã „¶ã‡ãñŠ ‡ãŠã¾ãÃ‡ãŠÊãã¹ããò ‡ãñŠ Ôã½ºã¶£ã ½ãò ‡ãŠãñƒÃ •ãã¶ã‡ãŠãÀãè ¦ãºã ‡ãñŠ ãäÔãÌãã¾ã ¹ãÆ‡ãŠ› ¶ãÖãé ‡ãŠÀñØãã •ãºããä‡ãŠ¹ããäÀãäÔ©ããä¦ã¾ããâ †ñÔããè Öãò ãä•ã¶ã½ãò ãäÌããä£ã ¾ãã ºãö‡ãŠ‡ãŠãÀãò ‡ãŠãè Âãäü¤Øã¦ã ¹ã®ãä¦ã¾ããò ‚ããõÀ ¹ãÆ©ãã‚ããò ‡ãñŠ ‚ã¶ãìÔããÀ †ãä‡ã‹û•ã½ã ºãö‡ãŠ ‡ãñŠãäÊã† †ñÔããè •ãã¶ã‡ãŠãÀãè ¹ãÆ‡ãŠ› ‡ãŠÀ¶ãã ‚ããÌãÍ¾ã‡ãŠ ¾ãã Ôã½ãìãäÞã¦ã Öãñý

(2) †ãä‡ã‹û•ã½ã ºãö‡ãŠ, ƒÔã ‚ããä£ããä¶ã¾ã½ã ‡ãñŠ ‚ã£ããè¶ã ‚ã¹ã¶ãñ ‡ãðŠ¦¾ããò ‡ãñŠ ªàã¦ãã¹ãî¥ãÃ ãä¶ãÌãÃÖ¶ã ‡ãñŠ ¹ãÆ¾ããñ•ã¶ã ‡ãñŠ ãäÊã†, ‡ãñŠ¶³ãè¾ã ÔãÀ‡ãŠãÀ,ãäÌã‡ãŠãÔã ºãö‡ãŠ ¾ãã ãä‡ãŠÔããè ‚ã¶ãìÔãîãäÞã¦ã ºãö‡ãŠ ¾ãã †ñÔããè, ‚ã¶¾ã ãäÌã§ããè¾ã ÔãâÔ©ãã Ôãñ ¾ãã ‡ãŠãñ, ãä•ãÔãñ ‡ãñŠ¶³ãè¾ã ÔãÀ‡ãŠãÀ ƒÔã ãä¶ããä½ã§ãÀã•ã¹ã¨ã ½ãò ‚ããä£ãÔãîãäÞã¦ã ‡ãŠÀñ, ¹ãÆ¦¾ã¾ã ãäÌãÓã¾ã‡ãŠ •ãã¶ã‡ãŠãÀãè ¾ãã ‚ã¶¾ã •ãã¶ã‡ãŠãÀãè •ããñ „Ôã ¹ãÆ¾ããñ•ã¶ã ‡ãñŠ ãäÊã† „¹ã¾ãì‡ã‹¦ã Ôã½ã¢ããè•ãã†, †ñÔããè Àãèãä¦ã Ôãñ ‚ããõÀ †ñÔãñ Ôã½ã¾ããò ¹ãÀ, •ããñ ÌãÖ Ÿãè‡ãŠ Ôã½ã¢ãñ, ÔãâØãðÖãè¦ã ¾ãã ¹ãÆÔ¦ãì¦ã ‡ãŠÀñØããý

Ô¹ãÓ›ãè‡ãŠÀ¥ã - ƒÔã „¹ã£ããÀã ‡ãñŠ ¹ãÆ¾ããñ•ã¶ã ‡ãñŠ ãäÊã†, ''¹ãÆ¦¾ã¾ã ãäÌãÓã¾ã‡ãŠ •ãã¶ã‡ãŠãÀãè'' ¹ãª ‡ãŠã ÌãÖãè ‚ã©ãÃ ÖãñØãã •ããñ ¼ããÀ¦ããè¾ããäÀû•ãÌãÃ ºãö‡ãŠ ‚ããä£ããä¶ã¾ã½ã, 1934 ‡ãŠãè £ããÀã 45 ‡ãŠ ‡ãñŠ Œã¥¡ (Øã) ½ãò Öõ ãä‡ãŠ¶¦ãì ¾ãÖ ƒÔã „¹ããâ¦ãÀ¥ã ‡ãñŠ ‚ã£ããè¶ã ÀÖ¦ãñ Öì†ÖãñØãã ãä‡ãŠ „Ôã½ãò ãä¶ããäªÃÓ› ̀ `ºãö‡ãŠ‡ãŠãÀãè ‡ãŠ½¹ã¶ããè'' Ôãñ ãäÌã‡ãŠãÔã ºãö‡ãŠ, ‡ãŠãñƒÃ ‚ã¶ãìÔãîãäÞã¦ã ºãö‡ãŠ ¾ãã ¹ãîÌããÃñ‡ã‹¦ã ‡ãŠãñƒÃ ‚ã¶¾ã ãäÌã§ããè¾ãÔãâÔ©ãã ‚ããä¼ã¹ãÆñ¦ã ÖãñØããèý

1934 ‡ãŠã ÔãâŒ¾ãâã‡ãŠ 2

‚ã£¾ãã¾ã IX

†ãä‡ã‹û•ã½ã ºãö‡ãŠ ‡ãñŠ ‡ãŠ½ãÃÞããÀãèÌãð¶ªý

Íããä‡ã‹¦ã¾ããò ‡ãŠã ¹ãÆ¦¾ãã¾ããñ•ã¶ãý

ãäÌãÌãÀãä¥ã¾ããú

ãäÌãÍÌãÔã¶ããè¾ã¦ãã ‚ããõÀ Øããñ¹ã¶ããè¾ã¦ãã ‡ãŠãè

ºããºã¦ã ºãã£¾ã¦ããý

15


(3) Every director, member of a committee, auditor or officer or other employee ofthe Exim Bank or of the Development Bank whose services are utilised by theExim Bank under the provisions of this Act, shall, before entering upon his duties,make a declaration of fidelity and secrecy in the form set out in the First Schedule.

(4) Nothing contained in this section shall apply to the credit information disclosedunder the Credit Information Companies (Regulation) Act, 2005.

Defects in appointments 31. (1) No act or proceeding of the Board or of any committee of the Exim Bank shallnot to invalidate acts, etc. be questioned on the ground merely of the existence of any vacancy in, or defect

in the constitution of, the Board or the committee, as the case may be.

(2) No act done by any person acting in good faith as a director shall be deemed tobe invalid merely on the ground that he was disqualified to be a director or thatthere was any other defect in his appointment.

Arrangement with Exim 32. (1) Where any arrangement entered into by the Exim Bank with a companyBank on appointment of provides for the appointment by the Exim Bank of one or more directors

directors to prevail. of such company, such provision and any appointment of directors made inpursuance thereof shall be valid and effective notwithstanding anything to the

1 of 1956. contrary contained in the Companies Act, 1956, or in any other law for the timebeing in force or in the memorandum, articles of association or any otherinstrument relating to the company, and any provision regarding sharequalification, age-limit, number of directorships, removal from office of directorsand such like conditions contained in any such law or instrument aforesaid, shallnot apply to any director appointed by the Exim Bank in pursuance of thearrangement as aforesaid.

(2) Any director appointed as aforesaid shall -

(a) hold office during the pleasure of the Exim Bank and may be removed orsubstituted by any person by order in writing of the Exim Bank;

(b) not incur any obligation or liability by reason only of his being a director orfor anything done or omitted to be done in good faith in the discharge of hisduties as a director or anything in relation thereto;

(c) not be liable to retirement by rotation and shall not be taken into account forcomputing the number of directors liable to such retirement.

Indemnity of directors. 33. (1) Every director shall be indemnified by the Exim Bank against all losses andexpenses incurred by him, in, or in relation to, the discharge of his duties, exceptsuch as are caused by his own wilful act or default.

16

30 of 2005.


(3) †ãä‡ã‹û•ã½ã ºãö‡ãŠ ¾ãã ãäÌã‡ãŠãÔã ºãö‡ãŠ ‡ãŠã ¹ãÆ¦¾ãñ‡ãŠ ãä¶ãªñÍã‡ãŠ, Ôããä½ããä¦ã ‡ãŠã ÔãªÔ¾ã ÊãñŒãã¹ãÀãèàã‡ãŠ ¾ãã ‚ããä£ã‡ãŠãÀãè ¾ãã ‚ã¶¾ã‡ãŠ½ãÃÞããÀãè, ãä•ãÔã‡ãŠãè ÔãñÌãã‚ããò ‡ãŠã „¹ã¾ããñØã ƒÔã ‚ããä£ããä¶ã¾ã½ã ‡ãñŠ „¹ãºã¶£ããò ‡ãñŠ ‚ã£ããè¶ã †ãä‡ã‹û•ã½ã ºãö‡ãŠ ́ ãÀã ãä‡ãŠ¾ãã •ãã¦ãã Öõ,‚ã¹ã¶ãã ‡ãŠã¾ãÃ¼ããÀ ØãÆÖ¥ã ‡ãŠÀ¶ãñ ‡ãñŠ ¹ãîÌãÃ ¹ãÖÊããè ‚ã¶ãìÔãîÞããè ½ãò ãäª† Øã† ¹ãÆÂ¹ã ½ãò ãäÌãÍÌãÔã¶ããè¾ã¦ãã ‚ããõÀ Øããñ¹ã¶ããè¾ã¦ãã ‡ãŠãè ÜããñÓã¥ãã‡ãŠÀñØããý

(4) ƒÔã £ããÀã ‡ãŠãè ‡ãŠãñƒÃ ºãã¦ã ¹ãÆ¦¾ã¾ã ãäÌãÓã¾ã‡ãŠ •ãã¶ã‡ãŠãÀãè ‡ãâŠ¹ã¶ããè (ãäÌããä¶ã¾ã½ã) ‚ããä£ããä¶ã¾ã½ã, 2005 ‡ãñŠ ‚ã£ããè¶ã ¹ãÆ¦¾ã¾ã •ãã¶ã‡ãŠãÀãè¹ãÆ‡ãŠ›ãè‡ãŠÀ¥ã ‡ãŠãñ ÊããØãî ¶ãÖãé ÖãñØããèý

31. (1) ºããñ¡Ã ‡ãŠã ¾ãã †ãä‡ã‹û•ã½ã ºãö‡ãŠ ‡ãŠãè ãä‡ãŠÔããè Ôããä½ããä¦ã ‡ãŠã ‡ãŠãñƒÃ ‡ãŠã¾ãÃ ¾ãã ‡ãŠã¾ãÃÌããÖãè ‡ãñŠÌãÊã ƒÔã ‚ãã£ããÀ ¹ãÀ ¹ãÆÍ¶ãØã¦ã ¶ãÖãé ‡ãŠãè•ãã†Øããè ãä‡ãŠ, ¾ã©ãããäÔ©ããä¦ã, ºããñ¡Ã ¾ãã Ôããä½ããä¦ã ½ãò ‡ãŠãñƒÃ ãäÀãä‡ã‹¦ã ©ããè ¾ãã „Ôã‡ãñŠ ØãŸ¶ã ½ãò ‡ãŠãñƒÃ ¨ãìãä› ©ããèý

(2) ãä¶ãªñÍã‡ãŠ ‡ãñŠ Â¹ã ½ãò Ôãªá¼ããÌã¹ãîÌãÃ‡ãŠ ‡ãŠã¾ãÃ ‡ãŠÀ¶ãñ ÌããÊãñ ãä‡ãŠÔããè Ì¾ããä‡ã‹¦ã ´ãÀã ãä‡ãŠ¾ãã Øã¾ãã ‡ãŠãñƒÃ ‡ãŠã¾ãÃ ‡ãñŠÌãÊã ƒÔã ‡ãŠãÀ¥ã‚ããäÌããä£ã½ãã¶¾ã ¶ãÖãé ÖãñØãã ãä‡ãŠ ÌãÖ ãä¶ãªñÍã‡ãŠ Öãñ¶ãñ ‡ãñŠ ãäÊã† ãä¶ãÀãäÖ¦ã ©ãã ¾ãã „Ôã‡ãŠãè ãä¶ã¾ãìãä‡ã‹¦ã ½ãò ‡ãŠãñƒÃ ‚ã¶¾ã ¨ãìãä› ©ããèý

32. (1) •ãÖãâ †ãä‡ã‹û•ã½ã ºãö‡ãŠ ´ãÀã ãä‡ãŠÔããè ‡ãŠ½¹ã¶ããè ‡ãñŠ Ôãã©ã ãä‡ãŠ† Øã† ŸÖÀãÌã ½ãò, †ñÔããè ‡ãŠ½¹ã¶ããè ‡ãñŠ †‡ãŠ ¾ãã ‚ããä£ã‡ãŠãä¶ãªñÍã‡ãŠãò ‡ãŠãè †ãä‡ã‹û•ã½ã ºãö‡ãŠ ´ãÀã ãä¶ã¾ãìãä‡ã‹¦ã ‡ãñŠ ãäÊã† „¹ãºã¶£ã ãä‡ãŠ¾ãã Øã¾ãã Öõ ÌãÖãâ †ñÔãã „¹ãºã¶£ã ‚ããõÀ „Ôã‡ãñŠ‚ã¶ãìÔãÀ¥ã ½ãò ‡ãŠãè ØãƒÃ ãä¶ãªñÍã‡ãŠãò ‡ãŠãè ãä¶ã¾ãìãä‡ã‹¦ã ‡ãŠ½¹ã¶ããè ‚ããä£ããä¶ã¾ã½ã, 1956 ¾ãã „Ôã Ôã½ã¾ã ¹ãÆÌãð§ã ãä‡ãŠÔããè ‚ã¶¾ããäÌããä£ã ½ãò ¾ãã ‡ãŠ½¹ã¶ããè Ôãñ Ôãâºã® —ãã¹ã¶ã, ÔãâØã½ã-‚ã¶ãìÞœñªãò ¾ãã ãä‡ãŠÔããè ‚ã¶¾ã ãäÊãŒã¦ã ½ãò ãä‡ãŠÔããè ºãã¦ã ‡ãñŠ Öãñ¦ãñ Öì† ¼ããè,ãäÌããä£ã½ãã¶¾ã ‚ããõÀ ¹ãÆ¼ããÌãÍããèÊã ÖãñØããè ‚ããõÀ Íãñ¾ãÀ ‚ãÖÃ¦ãã, ‚ãã¾ãì Ôããè½ãã, ãä¶ãªñÍã‡ãŠãò ‡ãñŠ ¹ãªãò ‡ãŠãè ÔãâŒ¾ãã, ¹ãª Ôãñ ãä¶ãªñÍã‡ãŠãò‡ãñŠ Ö›ã† •ãã¶ãñ Ôãñ Ôãâºãâãä£ã¦ã ‡ãŠãñƒÃ „¹ãºã¶£ã ‚ããõÀ †ñÔããè Öãè ‚ã¶¾ã Íã¦ãô •ããñ †ñÔããè ãä‡ãŠÔããè ãäÌããä£ã ¾ãã „¹ãÀãñ‡ã‹¦ã ãäÊãŒã¦ã ½ãò Öõ,¾ã©ãã¹ãîÌããÃñ‡ã‹¦ã ŸÖÀãÌã ‡ãñŠ ‚ã¶ãìÔãÀ¥ã ½ãò †ãä‡ã‹û•ã½ã ºãö‡ãŠ ´ãÀã ãä¶ã¾ãì‡ã‹¦ã ãä‡ãŠÔããè ãä¶ãªñÍã‡ãŠ ‡ãŠãñ ÊããØãî ¶ãÖãé ÖãòØããèý

(2) ¾ã©ãã¹ãîÌããÃñ‡ã‹¦ã ãä¶ã¾ãì‡ã‹¦ã ‡ãŠãñƒÃ ãä¶ãªñÍã‡ãŠ -

(‡ãŠ) †ãä‡ã‹û•ã½ã ºãö‡ãŠ ‡ãñŠ ¹ãÆÔããª¹ã¾ãÃ¶¦ã ¹ãª £ããÀ¥ã ‡ãŠÀñØãã ‚ããõÀ †ãä‡ã‹û•ã½ã ºãö‡ãŠ ‡ãñŠ ãäÊããäŒã¦ã ‚ããªñÍã ´ãÀã Ö›ã¾ãã •ããÔã‡ãñŠØãã ¾ãã „Ôã‡ãñŠ Ô©ãã¶ã ¹ãÀ ‡ãŠãñƒÃ ‚ã¶¾ã Ì¾ããä‡ã‹¦ã ÀŒãã •ãã Ôã‡ãñŠØãã;

(Œã) ãä¶ãªñÍã‡ãŠ Öãñ¶ãñ ‡ãñŠ ‡ãŠãÀ¥ã Öãè ¾ãã ãä¶ãªñÍã‡ãŠ ‡ãñŠ Â¹ã ½ãò ‚ã¹ã¶ãñ ‡ãŠ¦ãÃÌ¾ããò ‡ãñŠ ãä¶ãÌãÃÖ¶ã ½ãò Ôãªá¼ããÌã¶ãã¹ãîÌãÃ‡ãŠ ãä‡ãŠ†Øã†, ãä‡ãŠÔããè ‡ãŠã¾ãÃ ¾ãã Êããñ¹ã ¾ãã „ÔãÔãñ Ôã½ºããä¶£ã¦ã ãä‡ãŠÔããè ºãã¦ã ‡ãñŠ ãäÊã† ‡ãŠãñƒÃ ºãã£¾ã¦ãã ¾ãã ªããä¾ã¦Ìã „¹ãØã¦ã ¶ãÖãé‡ãŠÀñØãã;

(Øã) Þã‰ãŠã¶ãì‰ãŠ½ã Ôãñ ÔãñÌãããä¶ãÌãð§ã Öãñ¶ãñ ‡ãñŠ ªããä¾ã¦Ìãã£ããè¶ã ¶ãÖãé ÖãñØãã ‚ããõÀ †ñÔãñ ÔãñÌãããä¶ãÌãð§ã Öãñ¶ãñ ‡ãñŠ ªããä¾ã¦Ìãã£ããè¶ããä¶ãªñÍã‡ãŠãò ‡ãŠãè ÔãâŒ¾ãã ‡ãŠãè ÔãâØã¥ã¶ãã ‡ãŠÀ¶ãñ ½ãò „Ôã‡ãŠãè ãäØã¶ã¦ããè ¶ãÖãé ‡ãŠãè •ãã†Øããèý

33. (1) ¹ãÆ¦¾ãñ‡ãŠ ãä¶ãªñÍã‡ãŠ ‡ãŠãè „Ôã‡ãñŠ ‡ãŠ¦ãÃÌ¾ããò ‡ãñŠ ãä¶ãÌãÃÖ¶ã ½ãò ¾ãã Ôã½ºã¶£ã ½ãò „Ôã‡ãñŠ ´ãÀã „¹ãØã¦ã Ôã¼ããè Öããä¶ã¾ããò ‚ããõÀ Ì¾ã¾ããò‡ãŠãè ºããºã¦ã, •ããñ „Ôã‡ãñŠ •ãã¶ãºãî¢ã‡ãŠÀ ãä‡ãŠ† Øã† ‡ãŠã¾ãÃ ¾ãã Ì¾ããä¦ã‰ãŠ½ããò Ôãñ ¶ã Öì† Öãò, †ãä‡ã‹û•ã½ã ºãö‡ãŠ ´ãÀã àããä¦ã¹ãîãä¦ãÃ‡ãŠãè •ãã†Øããèý

ãä¶ã¾ãìãä‡ã‹¦ã¾ããò ½ãò ¨ãìãä›¾ããò ‡ãñŠ ‡ãŠãÀ¥ã ‡ãŠã¾ãÃ

‚ãããäª ‡ãŠã ‚ããäÌããä£ã½ãã¶¾ã ¶ã Öãñ¶ããý

ãä¶ãªñÍã‡ãŠãò ‡ãŠãè àããä¦ã¹ãîãä¦ãÃý

ãä¶ãªñÍã‡ãŠãò ‡ãŠãè ãä¶ã¾ãìãä‡ã‹¦ã ‡ãñŠ ãäÌãÓã¾ã ½ãò †ãä‡ã‹û•ã½ãºãö‡ãŠ ‡ãñŠ Ôãã©ã ŸÖÀãÌã ‡ãŠã ‚ã£¾ããÀãñÖãè Öãñ¶ããý

1956 ‡ãŠã 1ý

16

2005 ‡ãŠã 30


(2) A director shall not be responsible for any other director or for any officer orother employee of the Exim Bank or for any loss or expenses resulting to the EximBank from the insufficiency or deficiency of the value of, or title to, any propertyor security acquired or taken on behalf of the Exim Bank or the insolvency orwrongful act of any debtor or any person under obligation to the Exim Bank oranything done in good faith in the execution of the duties of his office or in relationthereto.

Protection of action 34. No suit or other legal proceeding shall lie against the Exim Bank or any director ortaken in good faith. any officer or other employee of the Exim Bank or any other person authorised by the

Exim Bank to discharge any functions under this Act for any loss or damage causedor likely to be caused by anything which is in good faith done or intended to be donein pursuance of this Act or any other law or provision having the force of law.

Act 18 of 1891 to apply 35. The Bankers’ Books Evidence Act, 1891 shall apply in relation to the Exim Bank in relation to Exim Bank. as if it were a Bank as defined in section 2 of that Act.

Section 34A and section 36. Nothing contained in the Banking Regulation Act, 1949, except section 34A and 36AD only of Act 10 of section 36AD thereof, shall apply to the Exim Bank.

1949 to apply to Exim Bank.

Act 43 of 1961 and 37. [Omitted] Act 7 of 1964 not to apply to Exim Bank.

Liquidation of Exim Bank. 38. No provision of any law relating to the winding up of companies or corporations shallapply to the Exim Bank and the Exim Bank shall not be placed in liquidation save byan order of the Central Government and in such manner as it may direct.

Power to make regulations. 39. (1) The Board may, with the previous approval of the Central Government, bynotification in the Official Gazette, make regulations not inconsistent with thisAct to provide for all matters for which provision is necessary or expedient forthe purpose of giving effect to the provisions of this Act.

(2) In particular and without prejudice to the generality of the foregoing power, suchregulations may provide for -

(a) the times and places of the meetings of the Board or of any committeeconstituted under this Act and the procedure to be followed at such meetingsincluding the quorum necessary for the transaction of business;

(b) the fees and allowances that may be paid to the directors and the membersof a committee;

17


(2) ‡ãŠãñƒÃ ãä¶ãªñÍã‡ãŠ †ãä‡ã‹û•ã½ã ºãö‡ãŠ ‡ãñŠ ãä‡ãŠÔããè ‚ã¶¾ã ãä¶ãªñÍã‡ãŠ ‡ãñŠ ãäÊã† ‚ã©ãÌãã ãä‡ãŠÔããè ‚ããä£ã‡ãŠãÀãè ¾ãã ‚ã¶¾ã ‡ãŠ½ãÃÞããÀãè ‡ãñŠ ãäÊã†¾ãã †ãä‡ã‹û•ã½ã ºãö‡ãŠ ‡ãŠãñ Öãñ¶ãñ ÌããÊããè ãä‡ãŠÔããè †ñÔããè Öããä¶ã ¾ãã Ì¾ã¾ããò ‡ãñŠ ãäÊã†, •ããñ †ãä‡ã‹û•ã½ã ºãö‡ãŠ ‡ãŠãè ‚ããñÀ Ôãñ ‚ããä•ãÃ¦ã ‡ãŠãè ØãƒÃ¾ãã Êããè ØãƒÃ ãä‡ãŠÔããè Ôã½¹ããä§ã ¾ãã ¹ãÆãä¦ã¼ãîãä¦ã ‡ãñŠ ½ãîÊ¾ã ‡ãŠãè ¾ãã „Ôã½ãò Ö‡ãŠ ‡ãŠãè ‚ã¹ã¾ããÃ¹¦ã¦ãã ¾ãã ‡ãŠ½ããè ‡ãñŠ ‚ã©ãÌãã †ãä‡ã‹û•ã½ã ºãö‡ãŠ‡ãñŠ ¹ãÆãä¦ã ºãã£¾ã¦ãã£ããè¶ã ãä‡ãŠÔããè ̈ ãÉ¥ããè ¾ãã Ì¾ããä‡ã‹¦ã ‡ãñŠ ãäªÌããÊãñ ¾ãã ÔãªãñÓã ‡ãŠã¾ãÃ ‡ãñŠ ‚ã©ãÌãã ‚ã¹ã¶ãñ ¹ãª ‡ãñŠ ¾ãã ƒÔãÔãñ Ôãâºãâãä£ã¦ã‡ãŠ¦ãÃÌ¾ããò ‡ãñŠ ãä¶ãÓ¹ããª¶ã ½ãò Ôãªá¼ããÌã¹ãîáÌãÃ‡ãŠ ‡ãŠãè ØãƒÃ ãä‡ãŠÔããè ºãã¦ã ‡ãñŠ ¹ããäÀ¥ãã½ãÔÌãÂ¹ã Öãñ, „§ãÀªã¾ããè ¶ãÖãé ÖãñØããý

34. ƒÔã ‚ããä£ããä¶ã¾ã½ã ¾ãã ãä‡ãŠÔããè ‚ã¶¾ã ãäÌããä£ã ¾ãã ãäÌããä£ã ‡ãŠã ºãÊã ÀŒã¶ãñ ÌããÊãñ ãä‡ãŠÔããè „¹ãºãâ£ã ‡ãñŠ ‚ã¶ãìÔãÀ¥ã ½ãò Ôãªá¼ããÌã¹ãîÌãÃ‡ãŠ ‡ãŠãè ØãƒÃ¾ãã ‡ãŠãè •ãã¶ãñ ‡ãñŠ ãäÊã† ‚ããÍããä¾ã¦ã ãä‡ãŠÔããè ºãã¦ã Ôãñ ÖìƒÃ ¾ãã Ôãâ¼ããÌ¾ã ãä‡ãŠÔããè Öããä¶ã ¾ãã ¶ãì‡ãŠÔãã¶ã ‡ãñŠ ãäÊã† ‡ãŠãñƒÃ Ìããª ¾ãã ‚ã¶¾ã ãäÌããä£ã‡ãŠ‡ãŠã¾ãÃÌããÖãè †ãä‡ã‹û•ã½ã ºãö‡ãŠ ¾ãã „Ôã‡ãñŠ ãä‡ãŠÔããè ãä¶ãªñÍã‡ãŠ ¾ãã ‚ããä£ã‡ãŠãÀãè ¾ãã ‚ã¶¾ã ‡ãŠ½ãÃÞããÀãè ‚ã©ãÌãã ƒÔã ‚ããä£ããä¶ã¾ã½ã ‡ãñŠ ‚ã£ããè¶ã ãä‡ãŠ¶Öãé‡ãðŠ¦¾ããò ‡ãñŠ ãä¶ãÌãÃÖ¶ããò ‡ãñŠ ãäÊã† †ãä‡ã‹û•ã½ã ºãö‡ãŠ ´ãÀã ¹ãÆããä£ã‡ãðŠ¦ã ãä‡ãŠÔããè ‚ã¶¾ã Ì¾ããä‡ã‹¦ã ‡ãñŠ ãäÌãÁ® ¶ãÖãé ÖãñØããèý

35. ºãö‡ãŠ‡ãŠãÀ ÌãâÖãè Ôããà¾ã ‚ããä£ããä¶ã¾ã½ã, 1891 †ãä‡ã‹û•ã½ã ºãö‡ãŠ ‡ãñŠ Ôã½ºã¶£ã ½ãò, ƒÔã ¹ãÆ‡ãŠãÀ ÊããØãî ÖãñØãã ½ãã¶ããñ ÌãÖ ƒÔã ‚ããä£ããä¶ã¾ã½ã ‡ãŠãè£ããÀã 2 ½ãò ¾ã©ãã ¹ããäÀ¼ãããäÓã¦ã ºãö‡ãŠ Öãñý

36. ºãö‡ãŠ‡ãŠãÀãè ãäÌããä¶ã¾ã½ã¶ã ‚ããä£ããä¶ã¾ã½ã, 1949 ‡ãŠãè £ããÀã 34 ‡ãŠ ‚ããõÀ £ããÀã 36 ‡ãŠ Üã ‡ãñŠ ãäÔãÌãã¾ã „Ôã ‚ããä£ããä¶ã¾ã½ã ‡ãŠãè ‡ãŠãñƒÃ ºãã¦ã †ãä‡ã‹û•ã½ãºãö‡ãŠ ‡ãŠãñ ÊããØãî ¶ãÖãé ÖãñØããèý

37. [Ö›ã ãäª¾ãã Øã¾ãã]

38. ‡ãŠ½¹ããä¶ã¾ããò ¾ãã ãä¶ãØã½ããò ‡ãñŠ ¹ããäÀÔã½ãã¹ã¶ã Ôãñ Ôãâºããä¶£ã¦ã ãä‡ãŠÔããè ãäÌããä£ã ‡ãŠã ‡ãŠãñƒÃ „¹ãºã¶£ã †ãä‡ã‹û•ã½ã ºãö‡ãŠ ‡ãŠãñ ÊããØãî ¶ãÖãé ÖãñØãã ‚ããõÀ †ãä‡ã‹û•ã½ãºãö‡ãŠ ‡ãŠã Ôã½ãã¹ã¶ã ‡ãñŠ¶³ãè¾ã ÔãÀ‡ãŠãÀ ‡ãñŠ ‚ããªñÍã Ôãñ Öãè ‚ããõÀ †ñÔããè Àãèãä¦ã Ôãñ, •ããñ ÌãÖ ãä¶ããäªÃÓ› ‡ãŠÀñ, ãä‡ãŠ¾ãã •ãã†Øãã, ‚ã¶¾ã©ãã ¶ãÖãéý

39. (1) ºããñ¡Ã, ‡ãñŠ¶³ãè¾ã ÔãÀ‡ãŠãÀ ‡ãñŠ ¹ãîÌãÃ ‚ã¶ãì½ããñª¶ã Ôãñ, Àã•ã¹ã¨ã ½ãò ‚ããä£ãÔãîÞã¶ãã ªáÌããÀã †ñÔãñ Ôã¼ããè ãäÌãÓã¾ããò ‡ãñŠ ãäÊã†, ãä•ã¶ã‡ãñŠ ãäÊã†ƒÔã ‚ããä£ããä¶ã¾ã½ã ‡ãñŠ „¹ãºã¶£ããò ‡ãŠãñ ‡ãŠã¾ããÃãä¶Ìã¦ã ‡ãŠÀ¶ãñ ‡ãñŠ ¹ãÆ¾ããñ•ã¶ã ‡ãñŠ ãäÊã†, „¹ãºãâ£ã ‡ãŠÀ¶ãã ‚ããÌãÍ¾ã‡ãŠ ¾ãã Ôã½ããèÞããè¶ã Öõ,„¹ãºãâ£ã ‡ãŠÀ¶ãñ ‡ã ñŠ ã äÊã† †ñÔãñ ã äÌãã ä¶ã¾ã½ã ºã¶ãã Ôã‡ãñŠØãã •ããñ ƒÔã ‚ããä£ãã ä¶ã¾ã½ã Ôãñ ‚ãÔãâØã¦ã ¶ã Öãòý

(2) ãäÌããäÍãÓ›¦ã¾ãã ‚ããõÀ ¹ãîÌãÃØãã½ããè Íããä‡ã‹¦ã ‡ãŠãè Ì¾ãã¹ã‡ãŠ¦ãã ¹ãÀ ¹ãÆãä¦ã‡ãîŠÊã ¹ãÆ¼ããÌã ¡ãÊãñ ãäºã¶ãã †ñÔãñ ãäÌããä¶ã¾ã½ã ãä¶ã½¶ããäÊããäŒã¦ã ‡ãñŠ ãäÊã† „¹ãºãâ£ã ‡ãŠÀ Ôã‡ãòŠØãñ, ‚ã©ããÃ¦ãá :-

(‡ãŠ) ºããñ¡Ã ¾ãã ƒÔã ‚ããä£ããä¶ã¾ã½ã ‡ãñŠ ‚ã£ããè¶ã ØããäŸ¦ã ãä‡ãŠÔããè Ôããä½ããä¦ã ‡ãñŠ ‚ããä£ãÌãñÍã¶ããò ‡ãñŠ Ôã½ã¾ã ‚ããõÀ Ô©ãã¶ã ‚ããõÀ‚ããä£ãÌãñÍã¶ããò ½ãò ‚ã¶ãìÔãÀ¥ã ‡ãŠãè •ãã¶ãñ ÌããÊããè ¹ãÆãä‰ãŠ¾ãã ãä•ãÔã‡ãñŠ ‚ã¶¦ãØãÃ¦ã ‡ãŠã½ã‡ãŠã•ã ‡ãñŠ ÔãâÌ¾ãÌãÖãÀ ‡ãñŠ ãäÊã†‚ããÌãÍ¾ã‡ãŠ Øã¥ã¹ãîãä¦ãÃ ¼ããè Öõ;

(Œã) ãä¶ãªñÍã‡ãŠãò ‚ããõÀ Ôããä½ããä¦ã ‡ãñŠ ÔãªÔ¾ããò ‡ãŠãñ ªãè •ãã¶ãñ ÌããÊããè ¹ãŠãèÔãò ‚ããõÀ ¼ã§ãò ;

Ôãªá¼ããÌã¹ãîÌãÃ‡ãŠ ‡ãŠãè ØãƒÃ ‡ãŠãÀÃÌããƒÃ ‡ãñŠ ãäÊã†

ÔãâÀàã¥ãý

1949 ‡ãñŠ ‚ããä£ããä¶ã¾ã½ã ÔãâŒ¾ããâ‡ãŠ 10 ‡ãŠãè £ããÀã34 ‡ãŠ ‚ããõÀ £ããÀã 36 ‡ãŠ Üã Öãè †ãä‡ã‹û•ã½ã ºãö‡ãŠ

‡ãŠãñ ÊããØãî ÖãòØããèý1961 ‡ãñŠ ‚ããä£ããä¶ã¾ã½ã ÔãâŒ¾ãã‡ãŠ 43 ‚ããõÀ

1964 ‡ãñŠ ‚ããä£ããä¶ã¾ã½ã ÔãâŒ¾ãâã‡ãŠ 7 ‡ãŠã†ãä‡ã‹û•ã½ã ºãö‡ãŠ ‡ãŠãñ ÊããØãî ¶ã Öãñ¶ããý

1891‡ãñŠ ‚ããä£ããä¶ã¾ã½ã ÔãâŒ¾ããâ‡ãŠ 18 ‡ãŠã

†ãä‡ã‹û•ã½ã ºãö‡ãŠ ‡ãñŠ Ôãâºãâ£ã ½ãò ÊããØãî Öãñ¶ããý

†ãä‡ã‹û•ã½ã ºãö‡ãŠ ‡ãŠã Ôã½ãã¹ã¶ã

ãäÌããä¶ã¾ã½ã ºã¶ãã¶ãñ ‡ãŠãè Íããä‡ã‹¦ã

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(c) the form and manner in which the balance-sheets and the account of theExport Development Fund and the Exim Bank shall be prepared;

(d) the duties and conduct, and the terms and conditions of service of the officersand other employees of the Exim Bank;

(e) the establishment and maintenance of provident fund or any other fund forthe benefit of the officers and other employees of the Exim Bank; and

(f) any other matter which is to be, or may be, prescribed.

(3) Every regulation made by the Board under this Act shall be laid, as soon asmay be after it is made, before each House of Parliament, while it is in session,for a total period of thirty days which may be comprised in one session or intwo or more successive sessions, and if, before the expiry of the sessionimmediately following the session or the successive sessions aforesaid, bothHouses agree in making any modification in the regulation or both Housesagree that the regulation should not be made, the regulation shall thereafter haveeffect only in such modified form or be of no effect, as the case may be; so,however, that any such modification or annulment shall be without prejudiceto the validity of anything previously done under that regulation.

Amendment of certain 40. [Repealed.]enactments.

Power to remove 41. If any difficulty arises in giving effect to the provisions of this Act, thedifficulty. Central Government may, by order, do anything, not inconsistent with such

provisions, for the purpose of removing the difficulty:

Provided that no such order shall be made after the expiration of three years from thedate on which this Act receives the assent of the President.

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‡ãìŠœ ‚ããä£ããä¶ã¾ããä½ããä¦ã¾ããò ‡ãŠã ÔãâÍããñ£ã¶ã

‡ãŠãäŸ¶ããƒÃ ªîÀ ‡ãŠÀ¶ãñ ‡ãŠãè Íããä‡ã‹¦ã

(Øã) ÌãÖ ¹ãÆÂ¹ã ãä•ãÔã½ãò ‚ããõÀ ÌãÖ Àãèãä¦ã ãä•ãÔãÔãñ ãä¶ã¾ããÃ¦ã ãäÌã‡ãŠãÔã ãä¶ããä£ã ‚ããõÀ †ãä‡ã‹û•ã½ã ºãö‡ãŠ ‡ãñŠ ¦ãìÊã¶ã¹ã¨ã ‚ããõÀ ÊãñŒãã¦ãõ¾ããÀ ãä‡ãŠ† •ãã†âØãñ;

(Üã) †ãä‡ã‹û•ã½ã ºãö‡ãŠ ‡ãñŠ ‚ããä£ã‡ãŠããäÀ¾ããò ‚ããõÀ ‚ã¶¾ã ‡ãŠ½ãÃÞãããäÀ¾ããò ‡ãñŠ ‡ãŠ¦ãÃÌ¾ã ‚ããõÀ ‚ããÞãÀ¥ã ¦ã©ãã „¶ã‡ãŠãè ÔãñÌãã ‡ãŠãè Íã¦ãô‚ããõÀ ãä¶ãºã¶£ã¶ã;

(Ý) †ãä‡ã‹û•ã½ã ºãö‡ãŠ ‡ãñŠ ‚ããä£ã‡ãŠããäÀ¾ããò ‚ããõÀ ‚ã¶¾ã ‡ãŠ½ãÃÞãããäÀ¾ããò ‡ãñŠ ¹ãŠã¾ãªñ ‡ãñŠ ãäÊã† ¼ããäÌãÓ¾ã-ãä¶ããä£ã ¾ãã ãä‡ãŠÔããè ‚ã¶¾ããä¶ããä£ã ‡ãŠãè Ô©ãã¹ã¶ãã ‚ããõÀ „¶ã‡ãŠãñ ºã¶ãã† ÀŒãã •ãã¶ãã; ‚ããõÀ

(Þã) ‡ãŠãñƒÃ ‚ã¶¾ã ãäÌãÓã¾ã •ããñ ãäÌããäÖ¦ã ãä‡ãŠ¾ãã •ãã¶ãã Öõ ¾ãã ãäÌããäÖ¦ã ãä‡ãŠ¾ãã •ãã†ý

(3) ƒÔã ‚ããä£ããä¶ã¾ã½ã ‡ãñŠ ‚ã£ããè¶ã ºããñ¡Ã ́ ãÀã ºã¶ãã¾ãã Øã¾ãã ¹ãÆ¦¾ãñ‡ãŠ ãäÌããä¶ã¾ã½ã ºã¶ãã† •ãã¶ãñ ‡ãñŠ ¹ãÍÞãã¦ãá ¾ã©ããÍããèÜãÆ ÔãâÔãª ‡ãñŠ ¹ãÆ¦¾ãñ‡ãŠÔãª¶ã ‡ãñŠ Ôã½ãàã, •ãºã ÌãÖ Ôã¨ã ½ãò Öãñ, ‡ãìŠÊã ¦ããèÔã ãäª¶ã ‡ãŠãè ‚ãÌããä£ã ‡ãñŠ ãäÊã† ÀŒãã •ãã†Øããý ¾ãÖ ‚ãÌããä£ã †‡ãŠ Ôã¨ã ½ãò ‚ã©ãÌããªãñ ¾ãã ‚ããä£ã‡ãŠ ‚ãã¶ãì‰ãŠãä½ã‡ãŠ Ôã¨ããò ½ãò ¹ãîÀãè Öãñ Ôã‡ãñŠØããè ¾ãÖ „Ôã Ôã¨ã ‡ãñŠ ¾ãã ¹ãîÌããÃñ‡ã‹¦ã ‚ãã¶ãì‰ãŠãä½ã‡ãŠ Ôã¨ããò ‡ãñŠ Ÿãè‡ãŠ ºããª ‡ãñŠÔã¨ã ‡ãñŠ ‚ãÌãÔãã¶ã ‡ãñŠ ¹ãîÌãÃ ªãñ¶ããò Ôãª¶ã „Ôã ãäÌããä¶ã¾ã½ã ½ãò ‡ãŠãñƒÃ ¹ããäÀÌã¦ãÃ¶ã ‡ãŠÀ¶ãñ ‡ãñŠ ãäÊã† ÔãÖ½ã¦ã Öãñ •ãã†â ¦ããñ ¦ã¦¹ãÍÞãã¦ãáÌãÖ †ñÔãñ ¹ããäÀÌããä¦ãÃ¦ã Â¹ã ½ãò Öãè ¹ãÆ¼ããÌããè ÖãñØããý ¾ããäª „‡ã‹¦ã ‚ãÌãÔãã¶ã ‡ãñŠ ¹ãîÌãÃ ªãñ¶ããò Ôãª¶ã ÔãÖ½ã¦ã Öãñ •ãã†â ãä‡ãŠ ÌãÖ ãäÌããä¶ã¾ã½ã¶ãÖãé ºã¶ãã¾ãã •ãã¶ãã ÞãããäÖ† ¦ããñ ¦ã¦¹ãÍÞãã¦ã ÌãÖ ãä¶ãÓ¹ãÆ¼ããÌã Öãñ •ãã†Øããý ãä‡ãŠ¶¦ãì ãäÌããä¶ã¾ã½ã ‡ãñŠ †ñÔãñ ¹ããäÀÌããä¦ãÃ¦ã ¾ãã ãä¶ãÓ¹ãÆ¼ããÌãÖãñ¶ãñ Ôãñ „Ôã‡ãñŠ ‚ã£ããè¶ã ¹ãÖÊãñ ‡ãŠãè ØãƒÃ ãä‡ãŠÔããè ºãã¦ã ‡ãŠãè ãäÌããä£ã½ãã¶¾ã¦ãã ¹ãÀ ¹ãÆãä¦ã‡ãîŠÊã ¹ãÆ¼ããÌã ¶ãÖãé ¹ãü¡ñØããý

40. [ãä¶ãÀÔ¦ã]

41. ¾ããäª ƒÔã ‚ããä£ããä¶ã¾ã½ã ‡ãñŠ „¹ãºã¶£ããò ‡ãŠãñ ¹ãÆ¼ããÌããè ‡ãŠÀ¶ãñ ½ãò ‡ãŠãñƒÃ ‡ãŠãäŸ¶ããƒÃ „¦¹ã¸ã Öãñ¦ããè Öõ ¦ããñ ‡ãñŠ¶³ãè¾ã ÔãÀ‡ãŠãÀ „Ôã ‡ãŠãäŸ¶ããƒÃ ‡ãŠãñªîÀ ‡ãŠÀ¶ãñ ‡ãñŠ ¹ãÆ¾ããñ•ã¶ã ‡ãñŠ ãäÊã†, ‚ããªñÍã ´ãÀã, †ñÔãã ‡ãŠã¾ãÃ ‡ãŠÀ Ôã‡ãñŠØããè •ããñ ƒÔã ‚ããä£ããä¶ã¾ã½ã ‡ãñŠ „¹ãºã¶£ããò Ôãñ ‚ãÔãâØã¦ã ¶ã Öãòý

¹ãÀ¶¦ãì †ñÔãã ‡ãŠãñƒÃ, ‚ããªñÍã „Ôã ¦ããÀãèŒã Ôãñ ãä•ãÔã‡ãŠãñ ƒÔã ‚ããä£ããä¶ã¾ã½ã ‡ãŠãñ ÀãÓ›È¹ããä¦ã ‡ãŠãè ‚ã¶ãì½ããä¦ã ¹ãÆã¹¦ã Öãñ¦ããè Öõ, ¦ããè¶ã ÌãÓãÃ ‡ãñŠ‚ãÌãÔãã¶ã ‡ãñŠ ¹ãÍÞãã¦ã ¶ãÖãé ãä‡ãŠ¾ãã •ãã†Øããý

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THE FIRST SCHEDULE[See section 30 (3)]

DECLARATION OF FIDELITY AND SECRECY

I ………………………………………………………………………………, do herebydeclare that I will faithfully, truly and to the best of my skill and ability execute and performthe duties required of me as director, member of ………………………....................…committee, auditor, officer or other employee (as the case may be) of the Export-ImportBank of India and which properly relate to the office or position held by me in or in relationto the said Exim Bank.

I further declare that I will not communicate or allow to be communicated to any personnot legally entitled thereto any information relating to the affairs of the Export-ImportBank of India or to the affairs of any person having any dealing with the said Exim Bank,nor will I allow any such person to inspect or have access to any books or documentsbelonging to or in the possession of the said Exim Bank and relating to the business of thesaid Exim Bank or the business of any person having any dealing with the said Exim Bank.

(Signature)Signed before me.

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¹ãÖÊããè ‚ã¶ãìÔãîÞããè

[£ããÀã 30(3) ªñãäŒã†]

ãäÌãÍÌãÔã¶ããè¾ã¦ãã ‚ããõÀ Øããñ¹ã¶ããè¾ã¦ãã ‡ãŠãè ÜããñÓã¥ãã

½ãö, ............................................ ƒÔã‡ãñŠ ́ ãÀã ÜããñÓã¥ãã ‡ãŠÀ¦ãã Öîâ ãä‡ãŠ ½ãö ¼ããÀ¦ããè¾ã ãä¶ã¾ããÃ¦ã-‚ãã¾ãã¦ã ºãö‡ãŠ ‡ãñŠ (¾ã©ãããäÔ©ããä¦ã)ãä¶ãªñÍã‡ãŠ,..................... Ôããä½ããä¦ã ‡ãñŠ ÔãªÔ¾ã, ÊãñŒãã¹ãÀãèàã‡ãŠ, ‚ããä£ã‡ãŠãÀãè ¾ãã ‚ã¶¾ã ‡ãŠ½ãÃÞããÀãè ‡ãñŠ Â¹ã ½ãò ½ãì¢ã Ôãñ ‚ã¹ãñãäàã¦ã ‚ããõÀ„‡ã‹¦ã †ãä‡ã‹û•ã½ã ºãö‡ãŠ ½ãò ¾ãã „Ôã‡ãñŠ Ôã½ºã¶£ã ½ãò ½ãñÀñ ́ ãÀã £ããÀ¥ã ãä‡ãŠ† Øã† ¹ãª ¾ãã ‚ããñÖªñ Ôãñ „ãäÞã¦ã Â¹ã Ôãñ Ôãâºã® ‡ãŠ¦ãÃÌ¾ããò ‡ãŠã ãä¶ãÓŸã¹ãîÌãÃ‡ãŠ,ÔãÞÞããƒÃ Ôãñ ‚ããõÀ ¹ãî¥ãÃ ‡ãìŠÍãÊã¦ãã ‚ããõÀ ¾ããñØ¾ã¦ãã Ôãñ ãä¶ãÓ¹ããª¶ã ‚ããõÀ ¹ããÊã¶ã ‡ãŠÂâØããý

½ãö ¾ãÖ ¼ããè ÜããñÓã¥ãã ‡ãŠÀ¦ãã Öîú ãä‡ãŠ ½ãö ¼ããÀ¦ããè¾ã ãä¶ã¾ããÃ¦ã-‚ãã¾ãã¦ã ºãö‡ãŠ ‡ãñŠ ‡ãŠã¾ããô Ôãñ ¾ãã „‡ã‹¦ã †ãä‡ã‹û•ã½ã ºãö‡ãŠ Ôãñ ‡ãŠãñƒÃ Ì¾ãÌãÖãÀ ‡ãŠÀ¶ãñ ÌããÊãñãä‡ãŠÔããè Ì¾ããä‡ã‹¦ã ‡ãñŠ ‡ãŠã¾ããÃò Ôãñ Ôã½ºã® ‡ãŠãñƒÃ •ãã¶ã‡ãŠãÀãè ãä‡ãŠÔããè †ñÔãñ Ì¾ããä‡ã‹¦ã ‡ãŠãñ, •ããñ „Ôã‡ãŠã ãäÌããä£ã‡ãŠ Â¹ã Ôãñ Ö‡ãŠªãÀ ¶ãÖãé Öõ, ÔãâÔãîãäÞã¦ã¶ãÖãè ‡ãŠÂâØãã ‚ããõÀ ¶ã ÔãâÔãîãäÞã¦ã Öãñ¶ãñ ªîâØãã ¦ã©ãã †ñÔãñ ãä‡ãŠÔããè Ì¾ããä‡ã‹¦ã ‡ãŠãñ „‡ã‹¦ã †ãä‡ã‹û•ã½ã ºãö‡ãŠ ‡ãŠãè ¾ãã „Ôã‡ãñŠ ‡ãŠº•ãñ ½ãò ‡ãŠãè ¦ã©ãã „‡ã‹¦ã †ãä‡ã‹û•ã½ãºãö‡ãŠ ‡ãñŠ ‡ãŠãÀºããÀ Ôãñ ¾ãã „‡ã‹¦ã †ãä‡ã‹û•ã½ã ºãö‡ãŠ Ôãñ ‡ãŠãñƒÃ Ì¾ãÌãÖãÀ ‡ãŠÀ¶ãñ ÌããÊãñ ãä‡ãŠÔããè Ì¾ããä‡ã‹¦ã ‡ãñŠ ‡ãŠãÀãñºããÀ Ôãñ Ôã½ºã® ãä‡ãŠ¶Öãé ºããäÖ¾ããò ¾ããªÔ¦ããÌãñû•ããò ‡ãŠã ãä¶ãÀãèàã¥ã ¶ãÖãé ‡ãŠÀ¶ãñ ªîâØãã ‚ããõÀ ¶ã „Ôã‡ãŠãè „¶ã ¦ã‡ãŠ ¹ãÖìâÞã Öãñ¶ãñ ªîâØããý

(ÖÔ¦ããàãÀ)

½ãñÀñ Ôãã½ã¶ãñ ÖÔ¦ããàãÀ ãä‡ãŠ†ý

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THE SECOND SCHEDULE(Amendments of certain enactments)

[Repealed by the Repealing and Amending Act, 1988 (19 of 1988)]

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ªîÔãÀãè ‚ã¶ãìÔãîÞããè

[‡ãìŠœ ‚ããä£ããä¶ã¾ããä½ããä¦ã¾ããò ‡ãñŠ ÔãâÍããñ£ã¶ã]

[ãä¶ãÀÔã¶ã ‚ããõÀ ÔãâÍããñ£ã¶ã ‚ããä£ããä¶ã¾ã½ã 1988 (1988 ‡ãŠã ÔãâŒ¾ããâ‡ãŠ 19) ´ãÀã Ö›ã ãäª¾ãã Øã¾ããý]

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Documents

¼ããÀ¦ã ÔãÀ‡ãŠãÀ ãäÌããä£ã ‚ããõÀ ¶¾ãã¾ã ½ãâ¨ããÊã¾ã · PDF fileLoans by Central Government. 12. Borrowings and acceptance of deposits by Exim