The Gazette of India
EXTRAORDINARY
PART II—Section 3—Sub-section (i)
PUBLISHED BY AUTHORITY
No. 65] NEW DELHI, THURSDAY, MARCH 8, 1984/PHALGUNA 18, 1905
Separate paging is given to this Part in order that it may be filed as a separate compilation
2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3 (i)] MINISTRY OF FINANCE(Department of Economic Affairs)
NOTIFICATION
New Delhi, the 7th March, 1984
G.S.R. 205(E).—In exercise of the powers con- ferred by clause (2) of article 77, read with clause (1) of article 299, rtjtaConstitution and in super- session of the notttf-aricm of the Government of India in the Ministry of Finance, Department of Economic Affairs No. G.S.R. 835, dated the 7th July, 1972, except as respect things done or omit- ted to be done before such supersession, the Presi- dent hereby makes the following rules, namely :—
1. Short title and commencement.—(1) These rules may be called the Agreements and Contracts (Foreign Banks or Financial Institutions) Execu- tion and Authentication Rules, 1984.
(2) They shall come ink* force on the date of
their publication in the Official Gazette.
2. Authentication and Execution.—All agree- ments and contracts made in exercise of the ex- ecutive power of the Union with any foreign bank or financial institution, whether in pursuance of an arrangement with any foreign State for bilateral financial assistance or otherwise, shall be executed and authenticated on behalf of the President by any of the following officers, namely :—
(a) The Minister of Finance.
(b) The Head of an Indian Mission'in a
foreign country.
Explanation.—The term 'Head of Mission' in- cludes an Ambassador, High Commissioner, Min- ister incharge of a Legation, Charge d' Affaires and Acting High Commissioner.
(c) Secretary, Additional Secretary, Joint Secretary, Director or Deputy Secretary, in the Ministry of Finance, Department of Economic Affairs.
(d) Minister (Economic) in the Indian Embas- sy in the United States of America.
INo. F. 23015| l|84-Admn. Ill]
By Order and in the name of President of India.
B. K. SHUNGLU, Jt. Secy.