The Asian Development Bank Act, 1966
The Asian Development Bank Act, 1966 governs the establishment and operation of the Asian Development Bank in India.
"Asian Development BankIndian GovernmentGovernorNational Advisory CommitteeProcedures"
Summary
The Asian Development Bank Act, 1966 was enacted to enable the Indian government to participate in the establishment and operation of the Asian Development Bank. The Act outlines the powers and functions of the bank and defines the relationship between the bank and the Indian government. It also provides for the appointment of the Governor and Alternate Governor of the bank, as well as the creation of a National Advisory Committee to advise the government on matters relating to the bank. The Act also lays down the procedures for the bank to carry out its operations and functions in India.
Table of Contents
Showing up to 15 sections
| # | Section | Link |
|---|---|---|
| 1 | Section 1: Short Title, Extent And Commencement | Open |
| 2 | Section 2: Definitions | Open |
| 3 | Section 3: Payments To Bank | Open |
| 4 | Section 4: Reserve Bank To Be Depository For Bank | Open |
| 5 | Section 5: Conferment Of Status And Certain Immunities, Exemptions And Privileges On Bank And Conferment Of Certain Immunities, Exemptions And Privileges On Its Officers And Employees | Open |
| 6 | Section 6: Power To Make Rules | Open |
| 7 | Section 7: Notifications Issued Under Section 5 And Rules Made Under Section 6 To Be Laid Before Parliament | Open |
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