GK
IMPORTANT ACTS OF THE PARLIAMENT OF INDIA
Question
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African Development Bank Act____
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1981
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1982
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1983
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1984
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Explanation:
Detailed explanation-1: -The Bank, its property, other assets, income and its operations and transactions shall be exempt from all taxation and from all customs duties. The Bank shall also be exempt from any obligation relating to the payment, withholding or collection of any tax or duty.
Detailed explanation-2: -India and the African Development Bank 2.1 Membership: India was admitted to the membership of the African Development Bank on December 6, 1983 2.2 India Shareholding: 2.3 India holds 14, 813 shares, accounting for only 0.224% of the total shares.
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