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Section 21 - National Bank for Financing Infrastructure and Development Act, 2021
Chapter V
Government Grants, Guarantees and other Concessions
21. Grants and contribution.-
(1) The Central Government may support the Institution through grants or contribution, as and when necessary, in the form of cash or marketable Government securities.
(2) Without prejudice to the generality of the foregoing, the Central Government shall, by the end of the first financial year from the establishment of Institution, grant or contribute an amount of five thousand crore rupees to the Institution in the form of cash or marketable Government securities.
Related Sections
- Section 5: Authorised share capital
- Section 41: Bankers' Books of Evidence Act, 1891 to apply in relation to the Institution
- Section 11: Removal of Chairperson and other directors in certain cases
- Section 31: Powers of Central Government to make rules
- Section 22: Concessional rate of Government guarantee
Related Acts
* Only for reference.