Exemption notification dated 11.3.2020 under Section 45 of the Banking Regulation Act, 1949 – MCA Notification No. SO-1034(E) dated 11.03.2020

MINISTRY OF CORPORATE AFFAIRSNOTIFICATIONNew Delhi, the 11th March, 2020  S.O. 1034(E).—In exercise of the powers conferred by […]

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MINISTRY OF CORPORATE AFFAIRS
NOTIFICATION
New Delhi, the 11th March, 2020

 S.O. 1034(E).—In exercise of the powers conferred by clause (a) of section 54 of the Competition Act, 2002 (12 of 2003), the Central Government hereby exempts a Banking Company in respect of which the Central Government has issued a notification under Section 45 of the Banking Regulation Act, 1949 (10 of 49), from the application of the provisions of Sections 5 and 6 of the Competition Act, 2002, in public interest for a period of five years from the date of publication of this notification in the Official Gazette.

[F. No. Comp-05/6/2020-Comp-MCA]
K. V. R. MURTY, Jt. Secy.


 



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