Section 31: Defects in appointments not to invalidate acts, etc.

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

(1) No act or proceeding of the Board or of any committee of the Exim Bank shall 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 to be invalid merely on the ground that he was disqualified to be a director or that there was any other defect in his appointment.

Where this provision sits

Act	The Export-Import Bank of India Act, 1981
Section	31
Marginal note	Defects in appointments not to invalidate acts, etc.
Jurisdiction	Central
Status	In force as published by the source

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