3. Establishment and incorporation of Export-Import Bank of India.—(1) With effect from such
date as the Central Government may, by notification, appoint, there shall be established for the purposes
of this Act a corporation to be known as the Export-Import Bank of India.
(2) The Exim Bank shall be a body corporate with the name aforesaid having perpetual succession
and a common seal with power, subject to the provisions of this Act, to acquire, hold and dispose of
property and to contract, and may, by that name, sue or be sued.
(3) The head office of the Exim Bank shall be at Bombay or at such other place as the Central
Government may, by notification, specify.
(4) The Exim Bank may establish offices, branches or agencies at such places in or outside India as it
may consider necessary.
4. Authorised capital.—1
[(1) The authorised capital of the Exim Bank shall be ten thousand crores of
rupees:
Provided that the Central Government may, by notification, increase the said capital up to an amount
that it may deem necessary from time to time.]
(2) The issued capital of the Exim Bank shall be wholly subscribed by the Central Government.