15th December, 1983, vide notification No. G.S.R. 889(E), dated 14th December, 1983, see Gazette of India, Ex… — African Development Bank Act, 1983

15th December, 1983, vide notification No. G.S.R. 889(E), dated 14th December, 1983, see Gazette of India, Extraordinary, Part II, sec. 3(i).

1. 15th December, 1983, vide notification No. G.S.R. 889(E), dated 14th December, 1983, see Gazette of India, Extraordinary, Part II, sec. 3(i). or in two or more successive sessions, and if, before the expiry of the session immediately following the session or the successive sessions aforesaid, both Houses agree in making any modification in the notification or, as the case may be, in the rule or both Houses agree that the notification or rule should not be issued or made, the notification or rule shall thereafter have effect only in such modified form or be of no effect, as the case may be; so, however, that any such modification or annulment shall be without prejudice to the validity of anything previously done under that notification or rule . THE SCHEDULE (See section 5) PROVISIONS OF THE AGREEMENT WHICH SHALL HAVE FORCE OF LAW AGREEMENT ESTABLISHING THE AFRICAN DEVELOPMENT BANK CHAPTER VII STATUS IMMUNITIES, EXEMPTIONS AND PRIVILEGES ARTICLE 50 STATUS To enable it to fulfil its purpose and the functions with which it is entrusted, the Bank shall possess full international personality . To those ends, it may enter into agreements with members, non-member States and other international organisations . To the same ends, the status, immunities, exemptions and privileges set forth in this Chapter shall be accorded to the Bank in the territory of each member . ARTICLE 51 STATUS IN MEMBER COUNTRIES In the territory of each member the Bank shall possess full judicial personality and, in particular, full capacity: (a) to contract (b) to acquire and dispose of immovable and movable property; and (c) to institute legal proceedings . ARTICLE 52 JUDICIAL PROCEEDINGS

Section 1