• MCA vide notification dated 11.03.2020 under section 45 of the Banking Regulation Act, 1949 hereby exempts a Banking Company 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.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.