Section 20, Export-Import Bank of India Act, 1981 [S1R-P0E]
As at 7 September 2026. In force from 5 January 1981.
20. Grant of licence.—(1) An application for a licence to undertake the holding of foreign exchange shall be made to the Director General in Form ANF-2A, accompanied by a fee of fifty thousand rupees. (2) The Director General may, after making such inquiry as it thinks fit, grant the licence subject to such conditions as may be prescribed, or, for reasons to be recorded in writing, refuse to grant the licence. (3) A licence granted under this section shall be valid for a period of three years from the date of its grant and may be renewed in such manner as may be prescribed. (4) The Director General may, after giving the licensee an opportunity of being heard, suspend or cancel a licence for contravention of any condition thereof.
Defined terms in this text (1)
Director General: Section 2, Export-Import Bank of India Act, 1981 [S1RNEY] (In this Act, unless the context otherwise requires,—): "Director General" means the Director General of Foreign Trade appointed under section 6
Director General: 30 more definitions.
Made under this section, or naming it (0)
none
Cited by (1)
Section 19, Export-Import Bank of India Act, 1981 [S1R-NZS], 5 January 1981, Band A. "section 20".
Not held (0)
none
Duties published under this section (0)
none