Delhi HC: Woman's Right to a Shared Household Does Not Allow Indefinite Occupation of In-Laws' Home || Delhi HC: Director Disputes in a Company Do Not Qualify as Genuine Hardship to Delay ITR Filing || Delhi HC: ECI Cannot Resolve Internal Disputes of Unrecognised Parties; Civil Court Must Decide || Bombay High Court: Senior Citizens Act Cannot be Misused to Summarily Evict a Son || Chhattisgarh HC: Service Tax Refund Can't Be Denied on Limitation When Payment Was Made During Probe || Supreme Court: If Tribunal Ends Case For Unpaid Fees, Parties Must Seek Recall Before Using S.14(2) || SC: Article 226 Writs Jurisdiction Cannot be Used to Challenge Economic or Fiscal Reforms || Supreme Court: Hostile Witness Testimony Can't Be Discarded; Consistent Parts Remain Valid || Supreme Court: GPF Nomination in Favour of a Parent Becomes Invalid Once the Employee Marries || Supreme Court: Candidate Not Disqualified if Core Subject Studied Without Exact Degree Title

Exemption of a Banking Company from the application of the provisions of Sections 5 and 6 of the Competition Act, 2002- (Ministry of Corporate Affairs) (11 Mar 2020)

MANU/DCAF/0041/2020

MRTP/ Competition Laws

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.

Tags : EXEMPTION BANKING COMPANY APPLICATION PROVISIONS

Share :