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Section 28 of The Export-Import Bank of India Act, 1981 in hindi

Delegation of powers.

The Board may, be general or special order, delegate to any director or any officer or other employee of the Exim Bank, subject to such conditions and limitations, if any, as may be specified in the order, such of its powers and functions under this Act as it may deem necessary.

Summary

The Board of Directors can give its powers and tasks to others to handle.
These powers can be given to any director, officer, or employee of the bank.
This delegation is done through a general or special written order.
The Board can set specific conditions or limits on how these delegated powers are used.

Practical examples

1The Board is too busy to sign every small loan of 50,000 rupees. They issue a "special order" delegating the power to approve these small loans to the regional branch managers.

2The Board wants a specific director to oversee a new office in London. They issue a "general order" giving that director the power to hire local staff, but they add a condition that she cannot spend more than 100,000 pounds without checking back first.

FAQ

1. Does the Board lose its power once it delegates it?

No, delegation usually means allowing someone else to act on your behalf, but the Board still holds the ultimate responsibility.

2. Does the delegation have to be in writing?

Yes, the section specifies it must be done by a "general or special order."

Test yourself

1.Under Section 28 of The Export-Import Bank of India Act, 1981, to whom can the Board delegate its powers?

2.How does the Board communicate a delegation of power under Section 28 of The Export-Import Bank of India Act, 1981?

3.Under Section 28 of The Export-Import Bank of India Act, 1981, can the Board put a limit on a delegated power?

4.What is the main purpose of Section 28 in The Export-Import Bank of India Act, 1981?

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