National Bank for Financing Infrastructure and Development (Removal of Difficulties) Order, 2021- (Ministry of Finance ) (01 Dec 2021)

MANU/FNSV/0079/2021

Commercial

In exercise of the powers conferred by sub-section (1) of section 46 of the National Bank for Financing Infrastructure and Development Act, 2021 (17 of 2021), the Central Government hereby makes the following order, namely:-

1. Short title and commencement.--

(1) This order may be called the National Bank for Financing Infrastructure and Development (Removal of Difficulties) Order, 2021.

(2) It shall come into force from the date of its publication in the Official Gazette.

2. In the National Bank for Financing Infrastructure and Development Act, 2021, in section 15, in sub-section (1), the following proviso shall be inserted, namely :-

"Provided that, the first Nomination and Remuneration Committee shall consist of the Chairperson and the directors nominated by the Central Government under clause (d) of sub-section (1) of section 6."

Tags : NATIONAL BANK FINANCING INFRASTRUCTURE ORDER 2021