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.
Note:
Section 5 of Competition Act, 2002 talks about “Combination”.
Section 6 of Competition Act talks about “Regulation of Combinations”.
Ministry of Corporate Affairs
[Notification dt. 11-03-2020]
