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Export-import Bank of India Act, 1981 Section 4 - Bare Act

StateCentral Government
Year
Section TitleAuthorised Capital
Act Info:

1 [(1) The authorized capital of exim bank shall be one thousand crores of rupees;

Provided that the Central Government may be notification, increase the said capital up to two thousand crores of rupees]

Provided that the Central Government may, by notification, increase the said capital up to five thousand crores of rupees.

(2) The issued capital of the Exim Bank shall be wholly subscribed by the Central Government.

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1. Substituted by the Export-Import Bank of India (Amdt.) Act, 1998 w.e.f. 02-01-1999. Prior to Substitution it read as under

"The Authorised capital of the Exim Bank shall be two hundred crores of rupees"




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