In exercise of the powers conferred by clause (a) of section 54(Power to exempt) of the Competition Act, 2002, the Central Government hereby exempts a Banking Company in respect of which the Central Government has issued a notification under Section 45( Power of Reserve Bank to apply to Central Government for suspension of business by a banking company and to prepare scheme of reconstitution or amalgamation) of the Banking Regulation Act, 1949 , from the application of the provisions of Sections 5(Combinations) and 6 (Regulation of combinations) 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
About the Author
