Section 40, Export-Import Bank of India Act, 1981 [S1R-PM3]

As at 6 September 2026. In force from 5 January 1981.

In Export-Import Bank of India Act, 1981 [A10-TKK]. This text from 5 January 1981. No other text held.

Synthetic. The words of this section are generated by the register; the title, number and year of the Act are real.

Cite: Section 40, Export-Import Bank of India Act, 1981 [S1R-PM3]. Machine: S1R-PM3.

40. Prohibition of the holding of foreign exchange without licence.—No person shall undertake the holding of foreign exchange except under and in accordance with the conditions of a licence granted under section 41: Provided that nothing in this section shall apply to the holding of foreign exchange undertaken by or on behalf of the Central Government or a State Government.

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