The Asian Development Bank Act, 1966

Sections

1. VIII — STATUS, IMMUNITIES, EXEMPTIONS AND PRIVILEGES
2. 1The Bank shall enjoy immunity from every form of legal process, except in cases arising out of or in
3. 2No tax shall be levied on or in respect of salaries and emoluments paid by the Bank to Directors, al
4. 3No tax of any kind shall be levied on any obligation or security issued by the Bank, including any dividend or interest thereon, by whomsoever held:
5. 4Section 4
6. 5Conferment of status and certain immunities, exemptions and privileges on Bank and conferment of cer
7. 6Power to make rules
8. 7Notifications issued under section 5 and rules made under section 6 to be laid before Parliament