Schedule 2 of The Export-Import Bank of India Act, 1981
THE SECOND SCHEDULE.
[THE SECOND SCHEDULE]. Rep. by the Repealing and Amending Act, 1988 (19 of 1988), s. and the First Schedule (w.e.f. 31-3-1988).
Summary
- This specific part of the law has been repealed, which means it was officially cancelled or removed.
- The removal was performed by a different law known as the Repealing and Amending Act, 1988.
- The change became effective on March 31, 1988.
- Because it is repealed, the text of the schedule is no longer active or enforceable.
Practical examples
FAQ
1. What does the term repealed mean in the context of the Second Schedule?
It means that the content of the schedule has been formally withdrawn and is no longer part of the current law.
2. Which Act was responsible for removing the Second Schedule?
It was removed by the Repealing and Amending Act, 1988 (Act number 19 of 1988).
3. On what specific date did the Second Schedule officially cease to exist in the Act?
The repeal took effect on March 31, 1988.
4. Can the rules previously listed in the Second Schedule still be enforced today?
No, once a provision is repealed, it loses its legal authority and cannot be used for current transactions or legal matters.
Test yourself
Q1.What is the current status of the Second Schedule under The Export-Import Bank of India Act, 1981?
Q2.Under The Export-Import Bank of India Act, 1981, which legislation carried out the repeal of the Second Schedule?
Q3.When did the repeal of the Second Schedule of The Export-Import Bank of India Act, 1981, officially take effect?
Q4.If a person references the Second Schedule of The Export-Import Bank of India Act, 1981, in a modern legal case, why would it be rejected?