1. Short title, extent and commencement.—(1) This Act may be called the Export-Import Bank of
India Act, 1981.
(2) It extends to the whole of India.
(3) It shall come into force on such date1
as the Central Government may, by notification in the
Official Gazette, appoint, and different dates may be appointed for different provisions of this Act.
2. Definitions.—In this Act, unless the context otherwise requires,—
(a) “Board” means the Board of Directors of the Exim Bank referred to in section 6;
(b) “Development Bank” means the Industrial Development Bank of India established under the
Industrial Development Bank of India Act, 1964 (18 of 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 any other
country of goods or services, or both;
(e) “goods” includes all materials, commodities and articles in a solid, liquid or gaseous 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;
(h) “Reserve Bank” means the Reserve Bank of India constituted under the Reserve Bank of India
Act, 1934 (2 of 1934);
(i) “scheduled bank” means a bank, for the time being, included in the Second Schedule to the
Reserve Bank of India Act, 1934 (2 of 1934);
(j) “services” includes,—
(I) providing personnel (including skilled or unskilled workmen and persons for rendering
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 of rights,
knowhow, expertises or other skill with respect to any patent, invention, model, design, secret
formula or process or similar property;
1. 1st January 1982, vide notification No. S.O. 919(E), dated 29th December, 1981 (except section 26), see Gazette of India,
Extraordinary, Part II, sec. 3(ii).
1st March 1982, vide notification No. S.O. 91(E), dated 23rd February, 1982 (in respect of section 26), see Gazette of India,
Extraordinary, Part II, sec. 3(ii)
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(III) furnishing any information, blueprints, plans, or advice with respect to any matter; and
(IV) making available any other resources.