law: Export-Import Bank of India Act, 1981
  31. Defects in
  
  appointments not to invalidate acts, etc.-
  1.  
  
    No
  
  act or proceeding of the Board or of any committee of the Exim Bank shall be
  
  questioned on the ground merely of the existence of any vacancy in, or defect
  
  in the constitution of, the Board or the committee, as the case may be.
  2.  
  
    No
  
  act done by any person acting in good faith as a director shall be deemed to be
  
  invalid merely on the ground that he was disqualified to be a director or that
  
  there was any other defect in his appointment.