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Section 23: Disposal of Profits accruing to General Fund.

The Export-Import Bank of India Act, 1981Central Act · Act 28 of 1981

(1) The Exim Bank may establish a Reserve Fund to which may be transferred such 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 for all other matters for which provision is necessary or expedient or which is usually provided 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 Central Government.

Where this provision sits

ActThe Export-Import Bank of India Act, 1981
Section23
Marginal noteDisposal of Profits accruing to General Fund.
JurisdictionCentral
StatusIn force as published by the source

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