Central Government exempts a Banking Company. - S.O. 1034(E) - Competition Law

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.