Section 6 of EXIM Bank Act : Section 6: Constitution Of Board

EXIM Bank Act

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Explanation using Example

Imagine that the Export-Import Bank of India (Exim Bank) is looking to expand its operations and requires a new strategy to support exporters and importers. To formulate this strategy, the Exim Bank's Board of Directors must convene. According to Section 6 of The Export-Import Bank of India Act, 1981, the Board consists of various appointed and nominated members, including a chairman and managing director, whole-time directors, and directors with specific expertise in export-import or financing.

In this scenario, the Central Government appoints Mr. Arjun as the new chairman and managing director, who will serve a five-year term. The ...

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