Omission of statutory provision: section 37 of the Export-Import Bank Act removed, altering the Act's operative framework. Section 117 of the Finance (No. 2) Act, 1998 effects the deletion of section 37 of the Export-Import Bank of India Act, 1981, specifying that section 37 shall be omitted with effect from the 1st day of April, 1999; the amendment operates by express repeal of that specific section and alters the statutory text and operative framework of the 1981 Act as of the stated commencement date.
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Provisions expressly mentioned in the judgment/order text.
Omission of statutory provision: section 37 of the Export-Import Bank Act removed, altering the Act's operative framework.
Section 117 of the Finance (No. 2) Act, 1998 effects the deletion of section 37 of the Export-Import Bank of India Act, 1981, specifying that section 37 shall be omitted with effect from the 1st day of April, 1999; the amendment operates by express repeal of that specific section and alters the statutory text and operative framework of the 1981 Act as of the stated commencement date.
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