Section 41 of The Export-Import Bank of India Act, 1981
If any difficulty arises in giving effect to the provisions of this Act, the Central Government may, by order, do anything, not inconsistent with such provisions, for the purpose of removing the difficulty: Provided that no such order shall be made after the expiration of three years from the date on which this Act receives the assent of the President.
Summary
- This section gives the Central Government the power to fix problems that might occur when first starting to use the Act.
- The government can issue an order to remove these difficulties.
- Any order made must not be inconsistent with the rest of the Act.
- This was a temporary power with a strict time limit.
- The power expired three years after the Act was signed by the President.
Practical examples
FAQ
1. What kind of difficulty does this section refer to?
It refers to any practical problems that arise when trying to put the provisions of the Act into effect.
2. Can the government make an order that goes against the Act?
No, any order made to remove a difficulty must be consistent with the provisions of the Act.
3. How does the government exercise this power?
The Central Government issues a formal order.
Test yourself
Q1.Under Section 41 of The Export-Import Bank of India Act, 1981, what is the limitation on the orders the Central Government can make to remove difficulties?
Q2.What was the time limit for making an order under Section 41 of The Export-Import Bank of India Act, 1981?
Q3.According to Section 41 of The Export-Import Bank of India Act, 1981, who is authorized to issue an order to remove a difficulty in giving effect to the Act?
Q4.If the President of India gave assent to the Act on September 11, 1981, what was the last possible day the government could use Section 41 of The Export-Import Bank of India Act, 1981?