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[Cites 0, Cited by 0] [Section 6] [Entire Act]

Union of India - Subsection

Section 6(1) in The Export-Import Bank Of India Act, 1981

(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 chairman and 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 Corporation Limited, being a Government Company within the meaning of section 617 of the Companies Act, 1956 (1 of 1956);
(e)not more than twelve directors nominated by the Central Government of whom—
(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.